Is Franklin, LA 70538 a buyer’s or seller’s market?
Franklin is a buyer’s market. With about 7.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 2% of U.S. ZIP codes, and #153 of 160 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Franklin housing market right now
In the three months ending August 31, 2026, 7% of homes in Franklin, LA 70538 sold above their list price, the typical home went under contract in 85 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (52 days then) and the median sale price fell 31% to $136,941. Overall, Franklin is less competitive than a year ago, which gives buyers more room.
On our competition score, Franklin ranks #153 of 160 LA ZIP codes with enough sales (score 7 out of 100).
Nearby, buyers who want less competition could look at Baldwin 70514 (0% sold over asking), while Patterson 70392 (20% sold over asking) and Berwick 70342 (13% sold over asking) are even more competitive.
Run the numbers for 70538
Nearby markets
Baldwin 70514Buyer’s market $39 /sq ftBerwick 70342Seller’s market $154 /sq ftPatterson 70392Buyer’s market $107 /sq ft Browse all markets →Towns like Franklin nearby
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Questions about Franklin real estate
Is Franklin a buyer’s or seller’s market?
A buyer’s market: there were 7.5 months of supply in Franklin, LA 70538 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Franklin?
The typical home went under contract in 85 days in the latest three months.
Do homes in Franklin sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Franklin?
About 0.39% of a home’s value a year in St. Mary Parish, or roughly $1,560 on a $400,000 home.
What is the median home price in Franklin?
The median sale price was $136,941 in the three months ending August 31, 2026, about $77 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology