Franklin, MI 48025 Real Estate Market Report

ZIP Code: 48025
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Franklin, MI market is currently characterized by a median sold price of $599,900, reflecting a robust demand despite elevated interest rates. The neighborhood has shown positive momentum, with prices trending up year-over-year, suggesting a resilient market environment. This appreciation indicates that buyers are willing to engage at current price levels, despite the challenges posed by financing costs.

Transaction activity appears moderate, with elevated inventory levels leading to a median days on market of 258. This extended timeframe may indicate a slower sales velocity, as properties take longer to close, potentially due to the elevated interest rate pressure affecting buyer affordability. The median listing price stands at $780,000, which may create a pricing friction as sellers adjust expectations in response to market realities.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates near 5.8% in the Franklin MI area are 0.74% lower than the 6.54% average rate seen one year ago, presenting a refinancing cost opportunity.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $599,900 indicates strong buyer engagement in the current market.

2. With a median listing price of $780,000, there is a notable pricing gap that may create pricing friction for potential buyers.

3. The median days on market of 258 suggests a slower sales velocity, indicating that properties are taking longer to sell.

4. The market is currently classified as hot, reflecting strong demand amidst limited inventory conditions.

5. Elevated interest rates are contributing to interest rate pressure, which may impact future buyer affordability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.