Is Franktown, VA 23354 a buyer’s or seller’s market?
Franktown is a seller’s market. With about 2.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Franktown housing market right now
In the three months ending August 31, 2026, 0% of homes in Franktown, VA 23354 sold above their list price and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (384 days then) and the median sale price fell 59% to $749,676. Overall, Franktown is less competitive than a year ago, which gives buyers more room.
Within Northampton County, homes here sell less often over asking than in any other ZIP code in the county.
Nearby, Cape Charles 23310 (19% sold over asking) is even more competitive.
Run the numbers for 23354
Nearby markets
Birdsnest 23307 $102 /sq ftCape Charles 23310Buyer’s market $318 /sq ftExmore 23350Buyer’s market $154 /sq ftMachipongo 23405Balanced $241 /sq ft Browse all markets →Where Franktown is
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Questions about Franktown real estate
Is Franktown a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Franktown, VA 23354 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Franktown sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Franktown?
About 0.57% of a home’s value a year in Northampton County, or roughly $2,280 on a $400,000 home.
What is the median home price in Franktown?
The median sale price was $749,676 in the three months ending August 31, 2026, about $261 per square foot.
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More tools for 23354
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology