Is Franklin County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Franklin County has remained a Seller's Market.

Key Takeaway

Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Franklin County, AR

How much do homes in Franklin County, AR cost?

Median Sold Price

$289,000

$168/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$129,000(+80.6%)

Key Takeaway

Homes in Franklin County have sold for 80.6% more than they did a month ago.

Summary: The median home sold price in Franklin County was $289,000 in December 2024, up 80.6% from last month, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $10K-
N/A
2 --
N/A
3 $205K$289K
+41.0%
4 --
N/A
5+ --
N/A

Summary: Franklin County housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 41%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Franklin County
+80.6%
Crawford County
0.0%
Johnson County
-36.8%

Housing Supply in Franklin County, AR

How many homes are available in Franklin County, AR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1412-14.3%

Summary: The Franklin County real estate market had 12 homes for sale in December 2024, a 14.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 11
0.0%
3 86
-25.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Franklin County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer67%33%

Key Takeaway

If you're buying a home in Franklin County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Franklin County in December 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Franklin County, AR

How long does it take to sell a home in Franklin County, AR?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Avg time on Rocket Homes in Franklin County has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Franklin County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Franklin County, AR

Nearby Markets to Franklin County, AR

What housing markets are near Franklin County, AR?