Is Franklinton Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Franklinton Township has remained a Seller's Market.
Key Takeaway
Franklinton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinton Township, NC
How much do homes in Franklinton Township, NC cost?
Median Sold Price
$369,166
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Franklinton Township have sold for 2% less than they did a year ago.
Summary: The median home sold price in Franklinton Township was $369,166 in May 2024, down 2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $190K | $214.9K | +13.1% |
| 3 Bedrooms | $350K | $339.5K | -3.0% |
| 4 Bedrooms | $408.5K | $449.9K | +10.1% |
| 5+ Bedrooms | $406.3K | $419.2K | +3.2% |
Summary: Franklinton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Hayesville Township | $375K | $414.9K | +10.7% |
| Louisburg Township | $319.9K | $335K | +4.7% |
| Kittrell Township | $262.5K | $265K | +1.0% |
| Franklinton Township | $376.8K | $369.1K | -2.0% |
| Franklinton | $376.5K | $357.8K | -5.0% |
Housing Supply in Franklinton Township, NC
How many homes are available in Franklinton Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 107 | +3.9% |
Summary: The Franklinton Township real estate market had 107 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 50 | 55 | +10.0% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Franklinton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in Franklinton Township in May 2024, up by 36.8% month-over-month. Of the 26 sold homes, 23% were sold under asking, 50% were sold at asking, and 27% were sold over asking.
Days on Market for Franklinton Township, NC
How long does it take to sell a home in Franklinton Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 45 Days | -48.8% |
Summary: Homes in Franklinton Township had an average of 45 days on market in May 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Franklinton Township; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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