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Franklin, MI Real Estate & Property Data

Franklin Real Estate Market Trends

Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Franklin, MI 48025. ATTOM’s Franklin real estate data is updated daily, and current market trends show that in Franklin, MI a total of 240 residential properties have sold over the past year. With a median home price of $465,000 in Franklin. Get detailed property data for Franklin, MI instantly. ATTOM is your one-stop-shop for the Franklin property reports and real estate data you need in Franklin, MI.

Franklin Real Estate Market Trends

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Total Residential Properties 5,733

Total Commercial Properties 95

Avg. Home Age (Single Family Home) 64 Years

Avg. Square Feet (Single Family Home) 2,465

Total 2025 Residential Sales (year-to-date) 26

% of Homes Seriously Underwater (Q2 2025) 0.82%

Total 2024 Residential Sales 226

% of Equity Rich Homes (Q2 2025) 48.32%

Effective 2024 Property Tax 0.86%

Total Foreclosure Filings (year-to-date) N/A

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Franklin, MI 48025 Real Estate Overview

There were 240 residential properties sold in the past year in Franklin, MI 48025. The median home value in Franklin, MI 48025 is $582,750. There are a total of 5,733 residential properties in the 48025.

Median Sales Price i

$465,000

(Feb 2025)

-4.2%

year-over-year

y-o-y

February '25 Feb '25 $465,000
January '25 Jan '25 $452,500
December '24 Dec '24 $607,000
November '24 Nov '24 $548,250
October '24 Oct '24 $557,500
September '24 Sep '24 $696,875
August '24 Aug '24 $600,000
July '24 Jul '24 $662,562
June '24 Jun '24 $607,500
May '24 May '24 $705,000
April '24 Apr '24 $500,000
March '24 Mar '24 $585,500

Median Down Payment i

$26,000

(Feb 2025)

-49.3%

year-over-year

y-o-y

February '25 Feb '25 $26,000
January '25 Jan '25 $50,000
December '24 Dec '24 $197,250
November '24 Nov '24 $102,000
October '24 Oct '24 $106,500
September '24 Sep '24 $194,650
August '24 Aug '24 $170,400
July '24 Jul '24 $140,000
June '24 Jun '24 $142,500
May '24 May '24 $148,625
April '24 Apr '24 $116,875
March '24 Mar '24 $51,850

Number of Homes Sold i

15

(Feb 2025)

+50%

year-over-year

y-o-y

February '25 Feb '25 15
January '25 Jan '25 11
December '24 Dec '24 11
November '24 Nov '24 22
October '24 Oct '24 24
September '24 Sep '24 14
August '24 Aug '24 33
July '24 Jul '24 15
June '24 Jun '24 27
May '24 May '24 27
April '24 Apr '24 17
March '24 Mar '24 14

Number of Purchase Loans i

11

(Feb 2025)

+57.1%

year-over-year

y-o-y

February '25 Feb '25 11
January '25 Jan '25 10
December '24 Dec '24 9
November '24 Nov '24 16
October '24 Oct '24 19
September '24 Sep '24 13
August '24 Aug '24 22
July '24 Jul '24 10
June '24 Jun '24 18
May '24 May '24 20
April '24 Apr '24 11
March '24 Mar '24 6

Number of REFI Loans i

10

(Feb 2025)

+11.1%

year-over-year

y-o-y

February '25 Feb '25 10
January '25 Jan '25 7
December '24 Dec '24 12
November '24 Nov '24 18
October '24 Oct '24 22
September '24 Sep '24 10
August '24 Aug '24 6
July '24 Jul '24 6
June '24 Jun '24 10
May '24 May '24 10
April '24 Apr '24 8
March '24 Mar '24 8

Number of HELOC Loans i

4

(Feb 2025)

-42.9%

year-over-year

y-o-y

February '25 Feb '25 4
January '25 Jan '25 12
December '24 Dec '24 10
November '24 Nov '24 5
October '24 Oct '24 15
September '24 Sep '24 9
August '24 Aug '24 7
July '24 Jul '24 2
June '24 Jun '24 13
May '24 May '24 19
April '24 Apr '24 7
March '24 Mar '24 1

Franklin, MI 48025 Real Estate Market Overview

Last 30 days

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Franklin, MI 48025 Foreclosure Activity

Total Foreclosure Filings i

February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 2
September '24 Sep '24 N/A
August '24 Aug '24 1
July '24 Jul '24 1
June '24 Jun '24 N/A
May '24 May '24 N/A
April '24 Apr '24 N/A
March '24 Mar '24 N/A

Foreclosure Starts i

February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 2
September '24 Sep '24 N/A
August '24 Aug '24 1
July '24 Jul '24 1
June '24 Jun '24 N/A
May '24 May '24 N/A
April '24 Apr '24 N/A
March '24 Mar '24 N/A

Completed Foreclosures (REOs) i

February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 1
June '24 Jun '24 N/A
May '24 May '24 N/A
April '24 Apr '24 N/A
March '24 Mar '24 N/A

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