The typical home value in
Franklin Center
is projected to be
$790,030
for the month of
December.
November’s
finalized data reported the typical value of a home in the
city
to be
$675,000—up
8.87%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$635,000
in
Somerset County
for the most recent reporting period.
That number is expected to float around
$653,000
in
December.
Franklin Center
had
8
new listings and
13
listings that went under contract in
November,
decreasing
the area’s total available inventory to
23—down
8.0%
from the previous month. Inventory is projected to have further
decreased
in
December.
Of those
23
active listings,
26.09%
reduced their price in the month of
November.
The median listing price for homes in
Franklin Center
grew
13.8%
from
October
to
November,
bringing the current median listing price to
$734,000.
Based on projected data for
December,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
November 2025,
the median time for a listed property to go pending was
20
days, compared to
24
days in
November 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
December.
