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Real estate in Roanoke’s Franklin-Colonial neighborhood.

Compare top Franklin-Colonial real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for November 2026.*


*Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Franklin-Colonial real estate Market Report.

Information and statistics on the latest trends in the Franklin-Colonial real estate market. *

Latest Rolling 3-Month Snapshot

Jul 1, 2026 - Sep 30, 2026

Median sale price
$317K
-0.8% from Q2 '26
Median list price
$322K
-3.9% from Q2 '26
Active listings
48
+2.1% from Q2 '26
Homes sold
18
+13% from Q2 '26
New pendings
18
+5.9% from Q2 '26
New listings
23
No change from Q2 '26

Quarterly Pricing Trends for Franklin-Colonial

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Franklin-Colonial Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 Median sale price in Oct 2021 - Dec 2021: $254K Median sale price in Jan 2022 - Mar 2022: $423K Median sale price in Apr 2022 - Jun 2022: $440K Median sale price in Jul 2022 - Sep 2022: $246K Median sale price in Oct 2022 - Dec 2022: $235K Median sale price in Jan 2023 - Mar 2023: $320K Median sale price in Apr 2023 - Jun 2023: $402K Median sale price in Jul 2023 - Sep 2023: $251K Median sale price in Oct 2023 - Dec 2023: $332K Median sale price in Jan 2024 - Mar 2024: $272K Median sale price in Apr 2024 - Jun 2024: $310K Median sale price in Jul 2024 - Sep 2024: $259K Median sale price in Oct 2024 - Dec 2024: $340K Median sale price in Jan 2025 - Mar 2025: $235K Median sale price in Apr 2025 - Jun 2025: $390K Median sale price in Jul 2025 - Sep 2025: $377K Median sale price in Oct 2025 - Dec 2025: $388K Median sale price in Jan 2026 - Mar 2026: $321K Median sale price in Apr 2026 - Jun 2026: $320K Median sale price in Jul 2026 - Sep 2026: $317K Median list price in Oct 2021 - Dec 2021: $339K Median list price in Jan 2022 - Mar 2022: $295K Median list price in Apr 2022 - Jun 2022: $449K Median list price in Jul 2022 - Sep 2022: $259K Median list price in Oct 2022 - Dec 2022: $347K Median list price in Jan 2023 - Mar 2023: $325K Median list price in Apr 2023 - Jun 2023: $290K Median list price in Jul 2023 - Sep 2023: $330K Median list price in Oct 2023 - Dec 2023: $297K Median list price in Jan 2024 - Mar 2024: $250K Median list price in Apr 2024 - Jun 2024: $380K Median list price in Jul 2024 - Sep 2024: $305K Median list price in Oct 2024 - Dec 2024: $320K Median list price in Jan 2025 - Mar 2025: $330K Median list price in Apr 2025 - Jun 2025: $430K Median list price in Jul 2025 - Sep 2025: $380K Median list price in Oct 2025 - Dec 2025: $292K Median list price in Jan 2026 - Mar 2026: $395K Median list price in Apr 2026 - Jun 2026: $335K Median list price in Jul 2026 - Sep 2026: $322K Oct 2021 - Dec 2021 Median sale price $254K Median list price $339K Jan 2022 - Mar 2022 Median sale price $423K Median list price $295K Apr 2022 - Jun 2022 Median sale price $440K Median list price $449K Jul 2022 - Sep 2022 Median sale price $246K Median list price $259K Oct 2022 - Dec 2022 Median sale price $235K Median list price $347K Jan 2023 - Mar 2023 Median sale price $320K Median list price $325K Apr 2023 - Jun 2023 Median sale price $402K Median list price $290K Jul 2023 - Sep 2023 Median sale price $251K Median list price $330K Oct 2023 - Dec 2023 Median sale price $332K Median list price $297K Jan 2024 - Mar 2024 Median sale price $272K Median list price $250K Apr 2024 - Jun 2024 Median sale price $310K Median list price $380K Jul 2024 - Sep 2024 Median sale price $259K Median list price $305K Oct 2024 - Dec 2024 Median sale price $340K Median list price $320K Jan 2025 - Mar 2025 Median sale price $235K Median list price $330K Apr 2025 - Jun 2025 Median sale price $390K Median list price $430K Jul 2025 - Sep 2025 Median sale price $377K Median list price $380K Oct 2025 - Dec 2025 Median sale price $388K Median list price $292K Jan 2026 - Mar 2026 Median sale price $321K Median list price $395K Apr 2026 - Jun 2026 Median sale price $320K Median list price $335K Jul 2026 - Sep 2026 Median sale price $317K Median list price $322K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
27
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026 - Sep 2026).

Recent rolling three-month data for Franklin-Colonial shows prices edging down while activity stays relatively steady. The typical home value and median sale price dipped slightly month over month, and the median list price fell more noticeably, even as homes sold and pending sales both ticked up.

Inventory has loosened compared with earlier in the year. Active listings are up modestly month over month and have climbed sharply from a year ago, and months of supply has jumped to more than five months. Homes are taking a bit longer to sell than in recent periods.

Year over year, prices in Franklin-Colonial are down significantly, with both typical home value and median list price falling by double digits, in contrast with the wider Roanoke market, where the median sale price is up. At the same time, buyers now have far more options, as active listings are up strongly from last year and months of supply has increased more than threefold. Despite this added supply, the market still leans toward sellers, with a seller’s market gauge reading and an average sale-to-list ratio near 98 percent, even though far fewer homes are selling above list price than a few months ago. In this shifting environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with the right local real estate agent.



Learn more about what Franklin-Colonial has to offer.

Franklin-Colonial offers residents a welcoming, walkable community with accessible parks, local shops, regular neighborhood events, and a strong sense of connection that enhances daily life.

Franklin-Colonial in Roanoke offers a practical, easygoing rhythm of life where daily errands, school runs, and quick commutes all line up within a few minutes of home. Tree-lined residential streets connect directly to Franklin Road and U.S. 220, so getting to downtown Roanoke for work, dining, or events is straightforward, without giving up a quieter neighborhood feel.

Residents appreciate being close to shopping and services along Franklin Road, with grocery options, medical offices, and casual dining within a short drive. Families benefit from proximity to Roanoke City Public Schools and the learning resources at the Roanoke Public Libraries, while nearby Grandin Village offers local restaurants, coffee, and a historic movie theater for evenings out.

Outdoor time is easy to find. The Murray Run Greenway provides walking and biking connections, and larger destinations like Mill Mountain Park and the Roanoke River Greenway are close enough for regular hikes, dog walks, or weekend rides. Quick access to South Roanoke and Old Southwest broadens your choices for dining and community events.

Whether you are planning to move into Franklin-Colonial or are considering listing your home, a knowledgeable local agent can clarify market trends, pricing, and timing so your decisions feel informed. Agent Pronto connects both buyers and sellers with agents who understand Franklin-Colonial’s everyday advantages and long-term potential.

Find your Franklin-Colonial real estate agent today →


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“FIVE STARS JUST AREN’T ENOUGH! We can’t say enough good things about the Christy Crouch Team! From the day we went under contract until the day we closed, the entire experience was absolutely outstanding. Customer service was second to none, communication was off the charts, and the professionalism demonstrated throughout the entire process was unmatched. We never had to wonder what was happening or what came next. We were kept informed every step of the way, and it was obvious we were dealing with people who genuinely cared about us and getting the job done right. In a world where exceptional customer service sometimes seems like a thing of the past, the Christy Crouch Team is a shining example of how business SHOULD be done! Would we recommend them? ABSOLUTELY, without hesitation! Thank you to Christy and the entire team for making such an important chapter in our lives a truly wonderful experience. Mike & Sherry”

mike07384 ·

Photo of The Crouch Team
RE/MAX Remax All Points
“We are so grateful for Amy and her team for going above and beyond while selling my parents’ home! She helped us with so many details beyond the sale itself, and thanks to her expertise, we sold for more than asking price. She made a difficult process so much easier we highly recommend Amy! The Brown Family”

Kim Brown ·

Photo of The Hudson Team
RE/MAX 8
“Grimm Brothers construction has used dwayne on multiple property acquisitions. He has assisted in both the buying and selling of many residential properties. We have found him to be very responsive whenever we have questions concerning closing, property values etc. Dwayne has a vast knowledge of property values and whats available in the shenandoah valley. Wouldn't use anyone else!”

Ben grimm ·

Photo of Dwayne Caricofe
LPT Realty LLC
“Kendra was a good experience all the way around. She was empathetic when needed and quick with information when ask. Her agency has many advantages,too many to list. Even her sign was by far the best. Her assistant was extremely helpful. If you are an older person, I am work with Kendra. If you are a christian ,I am work with Kendra. If you expect diligence,timeliness expertise work with Kendra...”

hamcomonty ·

Photo of Virginia Realty Group
Virginia Realty Group
“Thanks to Steven, we were able to successfully close on our first rental property, and we could not be happier with the experience. As first-time investment property buyers, we had a lot of questions and wanted to make sure we were making informed decisions throughout the process. Steven was incredibly helpful, knowledgeable, and patient every step of the way. He took the time to explain things clearly, kept us informed of important updates, and was always quick to respond whenever we reached out. His professionalism and attention to detail helped make what could have been a stressful process feel much more manageable. We truly appreciated his guidance, honesty, and dedication to helping us achieve our goal of purchasing our first rental property. Thanks to his hard work and support, the transaction went smoothly from start to finish. We would highly recommend Steven to anyone looking to buy, sell, or invest in real estate.”

kbriggs55 ·

Photo of Steven & Abbey Lee
Red Key Realty
“Adam worked with me an my husband , very nice and understood what I needed to do an got it done.”

Dustin and Amber Perdue · Bedford, VA

Photo of Adam Hazelwood
eXp Realty Rural Virginia Homes, Farms & Land
“Smooth and easy. Rusty was receptive to what we were looking for and was extremely patient. From the very first conversation, it was clear he genuinely cared about helping me find the right home—not just closing a deal. He’s local and is knowledgeable, responsive, and incredibly patient throughout the entire process. Every question I had was answered quickly and clearly, and he took the time to explain. Rusty is also a U.S. Marine Corps Veteran and his commitment and dedication shows! What stood out the most was his professionalism and positive attitude. Rusty was down to earth and treated us like his own family! Buying a home can be stressful, but Rusty made it smooth, organized, and even enjoyable. I couldn’t be happier with the outcome and would absolutely recommend him to anyone looking to buy or sell a home.”

John Piraino ·

Photo of Rusty Hubbard
The Real Brokerage Real Broker, LLC
“Angel is an angel! We recently purchased our first home after relocating to roanoke in july. She really led the way on the whole process! I truly belive we wouldn't be here without her. I can't even articulate what a wonderful experience we had working with her. She was very communitive through the whole process, gently guiding us to the right home in the right neighborhood for the right price. No games, just what we needed for being so green to this whole process. She's straight forward and honest, if you need her advice she will happily give it when asked. When things started to fall apart on our end she kept moving and found our home, We were the first ones in the door the day it went on the market and a offer was made and accepted that evening! With little cash to close after the big move, she negotiated the perfect offer for us so both parties were happy and jubilant! We cannot wait to have her back over once we finish a few projects to show our progress. My only regrets is that I didn't write this review sooner. She is a treasure and treated our new family like her own. If you are looking for an agent, a friend or someone extremely knowledgeable about the area, you just found her.”

zuser20190606173143330 ·

Photo of McCarren Lane Team
McCarren Lane Team with Wainwright & Co. - Realtors
“I listed a house for sale in Fairlawn, VA. Within an hour of me listing it FSBO, I received a call from Riley. He was so forthcoming and candid that I decided to give him a chance to list it with EXPRealty. Little did I know what I was signing up for. Not only did he handle all the usual things (open house, showings, etc.) but he was my advocate the whole time. I felt like I could trust him. He communicated promptly, candidly and clearly with me, always gave me the good the bad and the bottom line. His attention to detail - impeccable. His connections with a contractor allowed the repairs to happen in a timely manner and on budget. I would go thru him again if I needed to buy/sell another house. Thank you Riley!”

StellaBoyer ·

Photo of Riley Hall
EXP REALTY LLC
“Bob did a wonderful job with staying in touch .sending documents to be looked over .everything went smooth .great guy would recommend him to others can’t wait to start a new beginning up here.”

PatriciaStone26 ·

Photo of The Realty Group
Keller Williams Lynchburg
“Rob was incredibly helpful throughout the home buying process! We closed in just over three weeks! Rob was knowledgeable, and fast with helpful responses to all our questions, negotiated with sellers to get any issues found during inspection fixed at no cost to us. This will hopefully be our forever home, but we would choose Rob again in any future home purchases in the Roanoke area.”

allisonkrantz ·

Photo of Rob Kern
Real Broker LLC
“Artur was amazing at helping us find a home, he was very quick, responsive and attentive. My family and I are very happy with services and highly recommend him if you are looking for a home!”

PamelaMaldonado5 ·

Photo of Artur Guney
eXp Realty, LLC

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Franklin-Colonial. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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