$3,800 Closing Credit*
$320,000
1,183 SqFt
3 Beds
•2 Full Baths
Brett M Rodgers, Listing Office: ML Sullivan Property Management
Is Franklin County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$379,980
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,089(+1.4%)
Key Takeaway
Homes in Franklin County have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Franklin County was $379,980 in October 2024, up 1.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $145K | -32.6% |
| 2 Bedrooms | $235K | $232K | -1.3% |
| 3 Bedrooms | $346.4K | $350.2K | +1.1% |
| 4 Bedrooms | $444.9K | $514.9K | +15.7% |
| 5+ Bedrooms | $428.4K | $442K | +3.2% |
Summary: Franklin County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
| Nash County | $262.9K | $274.1K | +4.2% |
| Vance County | $241K | $250K | +3.7% |
| Granville County | $318.1K | $325K | +2.1% |
| Franklin County | $374.8K | $379.9K | +1.4% |
Housing Supply in Franklin County, NC
How many homes are available in Franklin County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 404 | 407 | +0.7% |
Summary: The Franklin County real estate market had 407 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 252 | 249 | -1.2% |
| 4 Bedrooms | 117 | 117 | 0.0% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Franklin County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 78 | +23.8% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
13 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. 43.6% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Franklin County in October 2024, up by 23.8% month-over-month. Of the 78 sold homes, 44% were sold under asking, 40% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 53 Days | -23.6% |
Summary: Homes in Franklin County had an average of 53 days on market in Oct 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 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 October 2024, 78 homes were sold in Franklin County; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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