Unshakable ZIP Data 23851 | Franklin, VA Housing Market
Franklin · Franklin City · Virginia Beach-Norfolk-Newport News, VA-NC metro · Virginia · Data updated June 19, 2026
The median sale price in ZIP 23851, Franklin, Virginia is $242,923 at $150 per square foot. 47 single-family homes sold in the latest period, down 18.3 percent from a year earlier. Homes sit a median of 56 days on market with 3.3 months of supply. Sellers are getting 97.2 percent of list price and 19.6 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $249,613 | |
| Average price per sq ft | $154 | |
| Median sale price | $242,923 | |
| Median sale price per sq ft | $150 | |
| Median home size | 1,624 sq ft | |
| Median new listing price | $252,839 | +5.6% |
| National size rank | 8,629 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 47 | -18.3% |
| Median days on market | 56 days | |
| Months of supply | 3.3 months | |
| New listings | 69 | -15.8% |
| Active listings | 130 | -7.4% |
| Pending sales | 56 | -19.2% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 97.2% | -0.9 pts |
| Share sold above list | 19.6% | -2.8 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$141,764
3-bedroom
$250,321
4-bedroom
$344,572
5-bedroom
$418,710
These figures describe the single-family market for Franklin, Virginia ZIP 23851. They are market context, not a substitute for sold comps or a formal appraisal.