$2,316 Closing Credit*
$195,000
1,286 SqFt
2 Beds
•1 Full Bath
Melanie Mitchell, Listing Office: Metro West Realty Group LLC
Is Franklin, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Franklin has remained a Seller's Market.
Key Takeaway
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin, GA
How much do homes in Franklin, GA cost?
Median Sold Price
$560,000
$145/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$305,050(+119.7%)
Key Takeaway
Homes in Franklin have sold for 119.7% more than they did a month ago.
Summary: The median home sold price in Franklin was $560,000 in December 2024, up 119.7% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $78K | -48.0% |
| 3 Bedrooms | $259.9K | $250K | -3.8% |
| 4 Bedrooms | $190K | $710K | +273.7% |
| 5+ Bedrooms | $417.9K | $605K | +44.8% |
Summary: Franklin 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 decreased by 48%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 273.7%, and 5+ bedroom homes increased by 44.8%.
Housing Supply in Franklin, GA
How many homes are available in Franklin, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The Franklin real estate market had 33 homes for sale in December 2024, a 2.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Franklin housing inventory by bedroom type for December 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 5.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Franklin in December 2024, down by 40.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Franklin, GA
How long does it take to sell a home in Franklin, GA?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 36 Days | 75 Days | +108.4% |
Summary: Homes in Franklin had an average of 75 days on market in Dec 2024, up by 108.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Franklin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 6 homes were sold in Franklin; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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