Is North Franklin, CT 06254 a buyer’s or seller’s market?

The North Franklin housing market right now

In the three months ending August 31, 2026, 60% of homes in North Franklin, CT 06254 sold above their list price, the typical home went under contract in 10 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 40%, homes sold faster (30 days then) and the median sale price rose 13% to $439,810. Overall, North Franklin is more competitive than a year ago, so tougher for buyers.

Within New London County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 67%.

Nearby, buyers who want less competition could look at Hadlyme 06439 (0% sold over asking) or Hanover 06350 (0% sold over asking), while Uncasville 06382 (75% sold over asking) and Voluntown 06384 (73% sold over asking) are even more competitive.