Is Franklin County, 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, Franklin County has remained a Seller's Market.
Housing Prices in Franklin County, NC
How much do homes in Franklin County, NC cost?
Median Sold Price
$372,508
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklin County was $372,508 in May 2024, down 1.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204.9K | $130K | -36.6% |
2 Bedrooms | $226K | $228K | +0.9% |
3 Bedrooms | $349.9K | $344.7K | -1.5% |
4 Bedrooms | $432K | $482K | +11.6% |
5+ Bedrooms | $428.4K | $490K | +14.4% |
Summary: Franklin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Counties
Nash County | $250.5K | $265.6K | +6.0% |
Vance County | $249.5K | $249.6K | 0.0% |
Granville County | $317.2K | $315K | -0.7% |
Franklin County | $377.9K | $372.5K | -1.4% |
Housing Supply in Franklin County, NC
How many homes are available in Franklin County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
358 | 369 | +3.1% |
Summary: The Franklin County real estate market had 369 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 206 | 218 | +5.8% |
4 Bedrooms | 110 | 107 | -2.7% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Franklin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 72 | +1.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Franklin County in May 2024, up by 1.4% month-over-month. Of the 72 sold homes, 26% were sold under asking, 43% were sold at asking, and 31% were sold over asking.
Days on Market for Franklin County, NC
How long does it take to sell a home in Franklin County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
90 Days | 34 Days | -62.0% |
Summary: Homes in Franklin County had an average of 34 days on market in May 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 72 homes were sold in Franklin County; 76% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.