The median sold price for homes in Franklin County reached $277,200 in September 2026, according to the chart below, available exclusively from MORE, REALTORS®. This figure marks a 3.82% increase compared to September 2025, when the median sold price was $267,000. However, it’s a slight dip of 0.47% from August 2026, when the median stood at $278,500. For buyers and sellers alike, these numbers underscore a market that’s evolving, with both pricing and inventory dynamics shifting as we head into the fall.
Inventory and Supply Signal a More Balanced Market
For those considering a move in Franklin County, the supply side of the market tells an important story. As of now, there are 557 homes on the market, with a months of supply figure at 4.68. In real estate, under about four months of supply is typically seen as a sellers market, where demand outpaces supply and homes move quickly. Over about six months is considered a buyers market, where inventory is plentiful and buyers have more leverage. At 4.68 months, Franklin County sits in a transitional space, no longer an aggressive sellers market, but not yet a clear buyers market either.
This shift is significant for both consumers and real estate professionals. The median days on market is now 53 days, which means homes are taking longer to sell compared to the fast-paced markets seen in recent years. For sellers, this means pricing and presentation are more critical than ever, and working with a knowledgeable agent to position a property competitively is key. For buyers, a higher inventory and longer market times mean more choices and potentially more negotiating room, but sharp pricing on new listings may still drive competition.
Sales Activity and Asking Prices: What Buyers and Sellers Need to Know
Sales activity remains steady, with 119 home sales in September 2026, up 1.71% from 117 in September 2025. Over the past twelve months, a total of 1,325 homes have sold in Franklin County. While homes are selling, the rate of increase in asking prices is notable. The median asking price for homes currently on the market is $315,000, a substantial 14.59% jump from $274,900 in September 2025. The gap between asking and sold prices is a point for both buyers and agents to watch closely, as it may reflect seller expectations or changing market realities.
For real estate agents, this environment calls for careful pricing strategies and clear communication with clients. Overpricing can lead to longer days on the market, while accurately priced homes are more likely to attract serious buyers. Buyers should be aware that while inventory is higher, the best-priced homes still attract attention and may move quickly, especially if they align with current buyer preferences.
Mortgage Rates and Market Implications
The going 30 year fixed mortgage rate is now 7.43%. This elevated rate is a key factor for both buyers and sellers to consider in their decision-making. Buyers may face higher monthly payments, which could affect affordability and the pool of qualified purchasers. Sellers may encounter a more selective group of buyers as a result, making proper marketing and presentation even more important.
Ultimately, Franklin County’s real estate market is showing signs of balance, with inventory and days on market rising, but with prices holding steady compared to last year. Whether you are buying, selling, or advising clients, understanding the current numbers and what they mean for negotiations and expectations is essential. For a detailed visual breakdown, see the chart below, available exclusively from MORE, REALTORS®.
More St. Louis real estate coverage
- 37.2% of St. Louis Homes Sold Over Asking: What It Means for Buyers and Sellers
- Nearly Half of St. Louis Sellers Cut Asking Prices, with Average Reductions Over $24,000
- September 2026 Franklin County Real Estate Market Update: Trends and Insights
- August 2026 Franklin County Real Estate Market Update: Rising Prices and Steady Sales
