$795,000
0.59 Acres
Land
Nathan T Lambert, Corina Lambert, Listing Office: Lambert Realty and Development
Is Franklin County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Franklin County was a Seller's Market.
Key Takeaway
Franklin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklin County, FL
How much do homes in Franklin County, FL cost?
Median Sold Price
$420,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+6.6%)
Key Takeaway
Homes in Franklin County have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Franklin County was $420,000 in November 2024, up 6.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $112.5K | -16.7% |
| 2 Bedrooms | $253.5K | $160K | -36.9% |
| 3 Bedrooms | $413.2K | $442K | +7.0% |
| 4 Bedrooms | $1.2M | $455.2K | -62.1% |
| 5+ Bedrooms | $1.5M | $1.7M | +17.5% |
Summary: Franklin County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 36.9%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 62.1%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Counties
| Franklin County | $394K | $420K | +6.6% |
| Wakulla County | $308.3K | $285.2K | -7.5% |
| Gulf County | $489.9K | $450K | -8.1% |
Housing Supply in Franklin County, FL
How many homes are available in Franklin County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Franklin County real estate market had 37 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Franklin County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Franklin County in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin County, FL
How long does it take to sell a home in Franklin County, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 104 Days | +64.0% |
Summary: Homes in Franklin County had an average of 104 days on market in Nov 2024, up by 64% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklin County has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Franklin County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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