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FRANKLIN, LA 70538

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FRANKLIN, LA real estate market (70538) currently shows 50 active listings, with 5 pending sales. Homes are averaging 105 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 105 days on market compared to 96 days last year.

The median listing price has fallen 1.5% year-over-year, from $179,000 to $176,250.

Whether you are buying or selling in FRANKLIN, LA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 13,342  ·  Density: 22.4/mi²  ·  Median household income: $47,174

Typical home value: $103,739  ·  Homeownership: 73.6%

Market Overview

Active Listings
50
⇧ 35.1% vs 37 last year
Pending
5
10% pending ratio
Median Price
$176,250
⇩ 1.5% vs $179,000 last year
Average Price
$232,171
⇧ 12.3% vs $206,801 last year
Days on Market
105
⇧ 9.4% vs 96 days last year

Price Per Square Foot

Median $/sqft
$104
⇧ 14.3% vs $91/sqft last year
Median Home Size
1,944 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 37 last year
  • Days on market: 105 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $176,250 (-1.5% YoY)
  • Average: $232,171 (+12.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 40.5 miles — 495 listings ($125,926,309 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70538Franklin, LA 705380.0 mi48$11,415,456$170,000$237,822
70523Charenton, LA 705239.2 mi1$92,000$92,000$92,000
70392Patterson, LA 7039213.5 mi20$5,461,320$180,500$273,066
70563New Iberia, LA 7056322.7 mi83$22,042,725$233,475$265,575
70560New Iberia, LA 7056023.8 mi99$17,472,510$130,000$176,490
70339Pierre Part, LA 7033925.1 mi17$7,707,698$425,000$453,394
70533Erath, LA 7053331.7 mi14$2,525,950$155,000$180,425
70582Saint Martinville, LA 7058232.4 mi49$10,466,939$179,750$213,611
70341Belle Rose, LA 7034133.8 mi6$1,447,890$231,450$241,315
70356Gibson, LA 7035635.6 mi4$1,182,668$169,000$295,667
70764Plaquemine, LA 7076436.3 mi64$15,008,576$201,035$234,509
70393Plattenville, LA 7039336.9 mi1$238,000$238,000$238,000
70517Breaux Bridge, LA 7051740.5 mi89$30,864,577$280,000$346,793

Frequently Asked Questions

How many homes are for sale in FRANKLIN, LA 70538?

As of March 2026, there are 50 active listings in FRANKLIN, LA (zip code 70538), compared to 37 the prior year.

What is the median home price in FRANKLIN, LA 70538?

The median listing price in FRANKLIN, LA 70538 is $176,250 as of March 2026, a 1.5% decrease from $179,000 the prior year.

How long do homes stay on the market in FRANKLIN, LA?

Homes in FRANKLIN, LA 70538 spend an average of 105 days on the market before going under contract, compared to 96 days the prior year.

Is it a seller's or buyer's market in FRANKLIN, LA 70538?

Based on current inventory and days-on-market data as of March 2026, FRANKLIN, LA 70538 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 105 days on market compared to 96 days last year.

How much can I save on real estate commission in FRANKLIN, LA?

With SELL123.com's maximum 3% commission, sellers in FRANKLIN, LA 70538 save an estimated $3,525 compared to a typical 5% commission on the median listing price of $176,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.