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Real estate in Roanoke’s Franklin-Colonial neighborhood.

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

Mar 1, 2026 - May 31, 2026

Median sale price
$315K
-1.9% from Q1 '26
Median list price
$332K
-17% from Q1 '26
Active listings
43
+16% from Q1 '26
Homes sold
13
+30% from Q1 '26
New pendings
19
+73% from Q1 '26
New listings
30
+3.4% from Q1 '26

Quarterly Pricing Trends for Franklin-Colonial

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

Quarterly Pricing Trends for Franklin-Colonial Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $276K Median sale price in Jul 2021 - Sep 2021: $256K 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 list price in Apr 2021 - Jun 2021: $240K Median list price in Jul 2021 - Sep 2021: $335K 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: $400K Apr 2021 - Jun 2021 Median sale price $276K Median list price $240K Jul 2021 - Sep 2021 Median sale price $256K Median list price $335K 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 $400K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
23
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 (Mar 2026 - May 2026).

Franklin-Colonial’s rolling three-month snapshot through May 2026 shows some notable month-to-month shifts. Median list prices have dropped sharply while pending sales and closed sales have both risen, signaling more buyers moving ahead even as asking prices ease.

Inventory is building, with active listings up compared with last year. At the same time, new listings have climbed year over year, giving shoppers more options. Homes are taking longer to sell than a year ago, with the median days on market now in the low 30s.

Looking at values, the typical home value in Franklin-Colonial is modestly higher than a year ago and still sits well above the city of Roanoke overall. Months of supply has fallen by nearly half over the past year, yet it is still higher than in the broader city, which highlights a bit more balance than nearby areas. A growing share of homes, just over 30 percent, are selling above list price, and the average sale-to-list ratio remains close to full asking. Buyers and sellers who want to navigate these changing conditions can turn to Agent Pronto to connect with a local agent who understands the Franklin-Colonial market.



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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See why so many people rely on Agent Pronto to make their real estate journey a success.

“Bree was incredible! Everything you could want in a realtor. Experienced, warm, personable, and punctual! She made the process of selling/buying at the same time seem so easy. We had a contingent sale which can be really tricky and she made it a breeze. We hope this is our forever home but if we ever buy or sell again, bree is my first call!”

Hannah Swinson · Blackstone, VA

Photo of Bree Cox
Century 21 Realty at Home
“We were so happy we picked Karen as our realtor. The only realtor that told us Virginia is a buyer beware state. The process is long and Karen has the patience and flexibility to work with you. We received excellent customer service and highly recommend her for all your realtor needs. Thank You, Karen for helping us find our new home.”

Joe & Denise · Glen Allen, VA

Photo of Karen Dailey
Century 21 Realty @ Home
“We have known Judy for several years and always knew we would select her as our realtor when it came time to sell our house. She did an amazing job and we couldn't be happier! As people who believe in planning, we especially appreciated Judy's support as we got ready to put the house on the market. Our conversations regarding the sale of our home took place over many months ensuring that when listing day came we were more than ready. Judy is exceptionally knowledgeable on the northern Virginia market and all of her recommendations were on point. Our house sold in one weekend with multiple competitive offers and we give Judy the credit. She priced the house appropriately and marketed it exceptionally well. While selling a house is never easy, Judy made the process as painless as possible and was there to support us throughout the process. We would highly recommend Judy.”

Christopher and Pamela · Dumfries, VA

Photo of Judy Petrak
Century 21 New Millennium
“Working with William Mallory was a real pleasure. From our very first meeting, his professionalism and dedication were front and center. He took the time to truly understand our needs, navigated every step of the process . William is communicative, and a true expert in his field. I would strongly recommend working with William”

Frederic Six · Norfolk, VA

Photo of William Mallory
Iron Valley Real Estate
“I cannot recommend Lindsay enough. She was always available to answer my questions, kept me updated throughout the entire process, and made what could have been a stressful experience feel smooth and manageable. She genuinely cared about helping me find the right home and was there every step of the way. I am extremely grateful for all of her hard work and would not hesitate to work with her again or recommend her to my family and friends.”

Edwin Martinez · Woodbridge, VA

Photo of Lindsay Summa
NextHome Mission
“Debbie not only helped us find exactly what we were looking for, and where, but she helped us set up the sale of our previous house, and helped us negotiate consecutive closing dates as well as a possession maintenance period of our previous house in order to make our move easier. Having now worked with her on a sale and a purchase, plus her having done wonders for other family members, we would recommend her to anyone looking to purchase a home.”

Robert Pervere · Coinjock, NC

DM
The Real Estate Group
“Great experience with Brooke. This is the fourth time she's been involved with a purchase and selling of a home.”

Nick Rowe · Bristol, TN

Photo of Brooke Shelton
Century 21 Legacy
“Carla is a seasoned agent with a wealth of knowledge in the Northern Virginia area. We worked with her in the past, both buying and selling homes. We were extremely happy throughout the process then, and on the recent sale of our home. She is the only agent I would use going forward should the need arise. Thank you Carla!!”

Diane Peters · Manassas, VA

Photo of Carla  Unterkofler
Century 21 New Millennium
“Nick was great to work with! He was very personable and easy going. He made time for every home we wanted to see at the exact times we wanted to see it. He stuck with us even after a 6 month lull in looking at homes. I would consider Nick not only a professional, but he has become a friend.”

Jacob and Sarah · Louisa, VA

Photo of Nick Hill
Century 21 New Millenium
“We cannot say enough good things about Danny. This was our second time working with him, and there is a reason we came back. He has earned our trust time and time again, and if we could use him for every real estate transaction in the future, we absolutely would. From listing and marketing our home to navigating inspections, repairs, buyer concerns, and closing, Danny went above and beyond every step of the way. We faced several unexpected challenges during the process, but he remained calm, proactive, and solution-oriented throughout. What sets Danny apart is his communication, professionalism, and genuine dedication to his clients. He kept us informed, advocated for our interests, coordinated with all parties involved, and made sure nothing fell through the cracks. We wholeheartedly recommend him to anyone looking for a knowledgeable, responsive, and trustworthy realtor.”

Miranda Richardson · Rockville, MD

Photo of The Washingtonian Group
Real Living Real Estate RLAH @properties
“Working with Boris in DC was an outstanding experience from start to finish. He was knowledgeable, responsive, and truly understood the DC market. Throughout the entire process, he made us feel informed and supported, always going above and beyond to answer questions and advocate for our interests. His professionalism, honesty, and attention to detail made what could have been a stressful experience feel smooth and manageable. I would highly recommend Boris to anyone looking to buy or sell a home in the DC area.”

D.T. · Washington, DC

Photo of Boris Miric
Fathom Realty
“We had the most amazing home buying experience with Mrs.Debra. She was very professional, courteous, and patient. She took extra care in listening to our desires and tailored our search for homes that met all our needs. Mrs. Debra also made herself available to us and acted with speed when it counted the most. Thank you so much for helping us find our new home.”

Latavia · Fairfax, VA

Photo of Debra  McElroy
Century 21 New Millennium
“Gurdeep was amazing - covering all the bases, communicating often, and working hard to sell our property in a short time. She made everything as easy as possible and was a source of excellent advice throughout the process, as well as a pleasure to work with. If we return to the area, we will absolutely seek her services again.”

Elizabeth · Reston, VA

Photo of Gurdeep Mangat
Century 21 New Millennium
“​I cannot recommend Wes Sparks at eXp Realty highly enough! My father and I recently worked with Wes to sell my father's home, and the entire experience was seamless, professional, and incredibly successful. ​From our very first meeting, it was clear that Wes is an expert in his field. He brought a wealth of market knowledge and a strategic approach that gave us immediate confidence. Selling a family home can often be an emotional and complex process, but Wes handled everything with the utmost respect and patience.”

Smithson · Stanardsville, VA

Photo of Wes Sparks
eXp Realty, LLC
“Harvey Raffensperger at Iron Valley Real Estate was fantastic. We sold our home in Hampton in under three months, and honestly the whole process was way less painful than I expected. Harvey knows the local market well, kept us in the loop throughout, and was always easy to reach. The real test came when we ran into a really difficult buying agent — Harvey handled it calmly and professionally and kept everything from falling apart. We barely even felt the turbulence. If you're selling in the Hampton area, I'd go with Harvey without hesitation. Just a solid, trustworthy agent who gets the job done.”

Anita · Hampton, VA

Photo of Harvey Raffensperger
Iron Valley Real Estate Prestige
“Barbie consistently arrives on time, communicates clearly and efficiently, and maintains a high level of professionalism.””

Alejandro Alvarez · Manassas Park, VA

Photo of Barbie Lee
Century 21 Redwood
“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
“Kris was wonderful to work with and we are greatful for her assistance in our fore ever home purchase”

Mike Greenberg · King George, VA

Photo of Kris Riley
NextHome Mission
“Pam is the epitome of professionalism and honesty. She operates with respect and integrity. She's incredibly well informed very balanced and measured in how she approaches things. She's always looking for solutions and a win-win outcome.”

Atousa · Washington, DC

Photo of Pam Milan
Century 21 Century21 New MILLENNIUM
“I met Kat in 2022 when I needed help with a complicated sale on a tight timeline prior to an overseas assignment. She was amazing so there was no hestitation reaching out for assistance with this purchase. She and her associates are top notch all the way, bringing the unique combination of professionalism, technical acumen, positive attitude, and amazing work ethic. She's never let me down and absolutely worked miracles on several transactions for me and my family. It's an honor to support her with this review!”

Jeff · Winchester, VA

Photo of Katherine Wetzel
Century 21 Redwood Realty

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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