Is Franklin, ID 83237 a buyer’s or seller’s market?
Franklin is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Franklin housing market right now
In the three months ending August 31, 2026, 0% of homes in Franklin, ID 83237 sold above their list price, the typical home went under contract in 77 days and there were 7.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 (62 days then) and the median sale price rose 33% to $529,271. Overall, Franklin is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Weston 83286 (50% sold over asking) and Preston 83263 (11% sold over asking) are even more competitive.
Run the numbers for 83237
Nearby markets
Clifton 83228Buyer’s market $192 /sq ftDayton 83232 $143 /sq ftPreston 83263Buyer’s market $252 /sq ftWeston 83286Buyer’s market $290 /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 7.2 months of supply in Franklin, ID 83237 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 77 days in the latest three months.
Do homes in Franklin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Franklin?
About 0.40% of a home’s value a year in Franklin County, or roughly $1,600 on a $400,000 home.
What is the median home price in Franklin?
The median sale price was $529,271 in the three months ending August 31, 2026, about $184 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