$320,000
1,508 SqFt
3 Beds
•2 Full Baths
Listing Office: The Marion Agency LLC
October 2024
Report Updated 20 Days Ago
Is Franklin Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Franklin Township was a Seller's Market.
How much do homes in Franklin Township, NC cost?
$304,125
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Franklin Township was $304,125 in October 2024, up 9.8% from last year, and the median price per square foot was $170.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $139K | -29.6% |
2 Bedrooms | $205K | $250K | +22.0% |
3 Bedrooms | $277K | $320K | +15.5% |
4 Bedrooms | $385K | $340K | -11.7% |
5+ Bedrooms | $475K | $441K | -7.2% |
Summary: Franklin Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 7.2%.
Locke Township | $289.5K | $338.7K | +17.0% |
Franklin Township | $276.9K | $304.1K | +9.8% |
Salisbury | $260K | $276.5K | +6.4% |
Salisbury Township | $258.6K | $269.9K | +4.4% |
Spencer | $235K | $234.9K | 0% |
How many homes are available in Franklin Township, NC?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
111 | 114 | +2.7% |
Summary: The Franklin Township real estate market had 114 homes for sale in October 2024, a 2.7% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 63 | 60 | -4.8% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Franklin Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Franklin Township in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
How long does it take to sell a home in Franklin Township, NC?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
39 Days | 54 Days | +38.9% |
Summary: Homes in Franklin Township had an average of 54 days on market in Oct 2024, up by 38.9% compared to last year.
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During October 2024, 15 homes were sold in Franklin Township; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 20 Days Ago
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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