$510,000
5.00 Acres
Land
Josephine Lovell, Listing Office: Highlands Sothebys International Realty - DT
Is Franklin County, NC 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 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, NC
How much do homes in Franklin County, NC cost?
Median Sold Price
$380,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.3%)
Key Takeaway
Homes in Franklin County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Franklin County was $380,000 in November 2024, up 1.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $169.5K | -21.2% |
| 2 Bedrooms | $249.9K | $228K | -8.8% |
| 3 Bedrooms | $349.7K | $350K | 0.1% |
| 4 Bedrooms | $440K | $515K | +17.0% |
| 5+ Bedrooms | $431.9K | $444K | +2.8% |
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 21.2%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Counties
| Vance County | $239.9K | $251.2K | +4.7% |
| Nash County | $265K | $273.4K | +3.2% |
| Granville County | $319K | $325K | +1.9% |
| Franklin County | $374.9K | $380K | +1.3% |
Housing Supply in Franklin County, NC
How many homes are available in Franklin County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 410 | 366 | -10.7% |
Summary: The Franklin County real estate market had 366 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 252 | 226 | -10.3% |
| 4 Bedrooms | 117 | 110 | -6.0% |
| 5+ Bedrooms | 21 | 15 | -28.6% |
Summary: The Franklin County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 69 | -16.9% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
8 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. 56.5% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Franklin County in November 2024, down by 16.9% month-over-month. Of the 69 sold homes, 57% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for Franklin County, NC
How long does it take to sell a home in Franklin County, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 54 Days | -35.6% |
Summary: Homes in Franklin County had an average of 54 days on market in Nov 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 69 homes were sold in Franklin County; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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