$7,066 Closing Credit*
$595,000
2,600 SqFt
4 Beds
•3 Full Baths
Listing Office: Western Carolina Properties, Inc.
Is Franklin, NC 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 Buyer's Market.
Key Takeaway
Franklin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklin, NC
How much do homes in Franklin, NC cost?
Median Sold Price
$454,500
$229/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$174,600(+62.4%)
Key Takeaway
Homes in Franklin have sold for 62.4% more than they did a month ago.
Summary: The median home sold price in Franklin was $454,500 in November 2024, up 62.4% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $291K | +21.3% |
| 3 Bedrooms | $402.4K | - | N/A |
| 4 Bedrooms | - | $551.6K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Franklin housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklin | $279.9K | $454.5K | +62.4% |
| Franklin Township | $279.9K | $454.5K | +62.4% |
Housing Supply in Franklin, NC
How many homes are available in Franklin, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Franklin real estate market had 40 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 12.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Franklin in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Franklin, NC
How long does it take to sell a home in Franklin, NC?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 6 Days | -74.3% |
Summary: Homes in Franklin had an average of 6 days on market in Nov 2024, down by 74.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Franklin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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