$7,944 Closing Credit*
$669,000
3 Beds
•3 Full Baths, 1 Partial
Stephanie Sainz, Listing Office: Bald Head Realty
Is Franklin Township, 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 Township has remained a Buyer's Market.
Key Takeaway
Franklin Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklin Township, NC
How much do homes in Franklin Township, NC cost?
Median Sold Price
$392,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$61,250(+18.5%)
Key Takeaway
Homes in Franklin Township have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Franklin Township was $392,500 in November 2024, up 18.5% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $160K | -17.9% |
| 2 Bedrooms | $205.6K | $273K | +32.8% |
| 3 Bedrooms | $354.6K | $425K | +19.8% |
| 4 Bedrooms | $525.1K | $549.4K | +4.6% |
| 5+ Bedrooms | - | $925K | N/A |
Summary: Franklin Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $331.2K | $392.5K | +18.5% |
| Dobson Township | $226.3K | $254K | +12.2% |
| Bryan Township | $220.2K | $240K | +9.0% |
| Stewarts Creek Township | $228.8K | $244K | +6.6% |
Housing Supply in Franklin Township, NC
How many homes are available in Franklin Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The Franklin Township real estate market had 44 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 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 Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Franklin Township in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Franklin Township, NC
How long does it take to sell a home in Franklin Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 24 Days | -69.7% |
Summary: Homes in Franklin Township had an average of 24 days on market in Nov 2024, down by 69.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Franklin Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.