$65,000
2.41 Acres
Land
Kaley D. Hebert, Listing Office: Southern Classic Realtors
Is Franklin, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 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
$272,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,500(+10.8%)
Key Takeaway
Homes in Franklin have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Franklin was $272,500 in November 2024, up 10.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $165K | +3.2% |
| 2 Bedrooms | $164K | $170K | +3.7% |
| 3 Bedrooms | $243K | $250K | +2.9% |
| 4 Bedrooms | $324K | $329.9K | +1.8% |
| 5+ Bedrooms | $381.2K | $417.9K | +9.6% |
Summary: Franklin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in Franklin, GA
How many homes are available in Franklin, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The Franklin real estate market had 36 homes for sale in November 2024, a 5.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Franklin 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 increased by 26.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Franklin in November 2024, up by 233.3% month-over-month. Of the 10 sold homes, 10% were sold under asking, 60% were sold at asking, and 30% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 36 Days | +88.6% |
Summary: Homes in Franklin had an average of 36 days on market in Nov 2024, up by 88.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklin has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Franklin; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.