Franklin, WI Real Estate

Franklin, Wisconsin is a rural town near big city amenities that is located on the southwestern part of Milwaukee County. Populated by 35,010 people, Franklin provides a quiet and safe environment to raise a family. With downtown Milwaukee less than 20 miles away, the city is in close proximity to lakefront living without being in the metropolitan area. Serviced by I-94, Franklin provides easy access for those who need to commute to work, visit surrounding communities and Illinois.

The Franklin housing market provides a wide-range of housing options. The area offers many opportunities for first-time homebuyers. The market’s selection includes basic single-family Ranches, charming and period styling Milwaukee Bungalows, and newer built homes with more luxurious amenities. The new construction in the market is 90 percent Condominium projects. New construction homes in the area are built by Bielinski, Karek and Lemmel builders.

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The city of Franklin knows how to get residents excited for the summer months. The city hosts many events including Concerts in the Park, Annual Civic Celebration and National Night Out Kick-Off Celebration that the whole family can enjoy.

Crystal Ridge Ski and Snowboarding Area is the place to go for winter fun. The ridge offers seven runs that cater to beginners to advanced skiers and snowboarders. Enjoy the view of the hill at the lodge that features a café, dining hall and bar.

Tuck Away Country Club offers a full service private golfing and country club experience. The country club has hosted many Professional Golfers’ Association events, so every aspect of the club is very well maintained. The picturesque manicured course and greens provide for an excellent arena for any type of golfer.

Residents can stay healthy at the Innovative Health and Fitness Club and Spa.The health club provides an array of services for residents to enjoy. The services offered include personal training, massage therapy, swim lessons and more.

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Franklin, Wisconsin was named after one of the Founding Fathers of the United States of America, Benjamin Franklin. The town was divided from its original Town of Kinnickinnic in 1838. The township had to fight through many annexations to the city of Milwaukee during the 1950s. Residents fought to keep Franklin a town when proposals were being considered. To resident’s disapproval, Franklin was incorporated on August 15, 1956. It was the second city to use the new law that allowed farm and rural area to incorporate.

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Franklin properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Ben Franklin Elementary School (Franklin) Franklin Public School District public 373 Not Provided Ben Franklin Elementary School GreatSchools Rating
Carollton Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 437 Not Provided Carollton Elementary School GreatSchools Rating
Cedar Hills Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 445 Not Provided Cedar Hills Elementary School GreatSchools Rating
Core4 (Greenfield) Whitnall School District charter 115 Not Provided Core4 GreatSchools Rating
Country Dale Elementary School (Franklin) Franklin Public School District public 426 Not Provided Country Dale Elementary School GreatSchools Rating
Deerfield Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 434 Not Provided Deerfield Elementary School GreatSchools Rating
Early Learning Academy (Oak Creek) Oak Creek-Franklin Joint School District public 297 Not Provided Early Learning Academy GreatSchools Rating
Edgerton Elementary School (Hales Corners) Whitnall School District public 412 Not Provided Edgerton Elementary School GreatSchools Rating
Edgewood Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 453 Not Provided Edgewood Elementary School GreatSchools Rating
Hales Corners Elementary School (Hales Corners) Whitnall School District public 560 Not Provided Hales Corners Elementary School GreatSchools Rating
Meadowview Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 430 Not Provided Meadowview Elementary School GreatSchools Rating
Pleasant View Elementary School (Franklin) Franklin Public School District public 509 Not Provided Pleasant View Elementary School GreatSchools Rating
Robinwood Elementary School (Franklin) Franklin Public School District public 548 Not Provided Robinwood Elementary School GreatSchools Rating
Shepard Hills Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 490 Not Provided Shepard Hills Elementary School GreatSchools Rating
Southwood Glen Elementary School (Franklin) Franklin Public School District public 372 Not Provided Southwood Glen Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Forest Park Middle School (Franklin) Franklin Public School District public 685 Not Provided Forest Park Middle School GreatSchools Rating
Indian Community School (Franklin) private 0 Not Provided Indian Community School GreatSchools Rating
Oak Creek East Middle School (Oak Creek) Oak Creek-Franklin Joint School District public 905 Not Provided Oak Creek East Middle School GreatSchools Rating
Oak Creek West Middle School (Oak Creek) Oak Creek-Franklin Joint School District public 516 Not Provided Oak Creek West Middle School GreatSchools Rating
St Paul Lutheran School (Franklin) private 0 Not Provided St Paul Lutheran School GreatSchools Rating
St. Martin of Tours Parish School (Franklin) private 100 Not Provided St. Martin of Tours Parish School GreatSchools Rating
Whitnall Middle School (Greenfield) Whitnall School District public 506 Not Provided Whitnall Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Franklin High School (Franklin) Franklin Public School District public 1464 Not Provided Franklin High School GreatSchools Rating
Jubilee Christian School (Franklin) private 0 Not Provided Jubilee Christian School GreatSchools Rating
Oak Creek High School (Oak Creek) Oak Creek-Franklin Joint School District public 2040 Not Provided Oak Creek High School GreatSchools Rating
Whitnall High School (Greenfield) Whitnall School District public 816 Not Provided Whitnall High School GreatSchools Rating
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Market Conditions
Market Conditions for Franklin - November 2019 | Shorewest Realtors®
November 2019

Market Conditions for Franklin

Median Sale Price Graph

Median Sale Price

The median sale price for homes in November was $250,000. The median sales price for homes in November fell by ($27,975) compared to last month. This represents a 10.06% decrease from October. Compared to the same month last year, the median price of homes rose by $29,250 representing a 13.25% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 14 in November to 102. This represents 12.06% decrease from October when 116 homes were on the market. Compared to the same month last year when there were 102 homes for sale, the inventory of homes for sale has did not change 0 representing a 0% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 45 homes sold in November was 7 less than in October. This represents a 13.46% decrease in sales from October. Compared to the same month last year, the number of homes sold decreased by 1, a -2.17% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in November (22) increased by 2 days compared to October. This represents a 10% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 2, a -8.33% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 95.55% in November fell by 3.52% compared to October and decreased 1.81% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in November (32) fell by 23 compared to October, a 41.81% change. Compared to November 2018, the number of new listings increased by 8, a 33.33% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in November was $234,450. The median list price for homes in November fell by ($45,450) compared to last month. This represents a 16.23% decrease from October. Compared to the same month last year, the median list price of homes decreased ($17,950) representing a -7.11% year-over-year decrease.




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