$4,156 Closing Credit*
$350,000
2,053 SqFt
3 Beds
•2 Full Baths
Kristine Emde, Listing Office: Barrett Realty
Is Franklinton, 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, Franklinton has remained a Seller's Market.
Key Takeaway
Franklinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinton, NC
How much do homes in Franklinton, NC cost?
Median Sold Price
$375,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.2%)
Key Takeaway
Homes in Franklinton have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Franklinton was $375,000 in November 2024, up 4.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $231K | $212.4K | -8.0% |
| 3 Bedrooms | $339K | $350K | +3.2% |
| 4 Bedrooms | $420.8K | $451.2K | +7.2% |
| 5+ Bedrooms | $410.6K | $419.9K | +2.3% |
Summary: Franklinton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Franklinton | $360K | $375K | +4.2% |
| Franklinton Township | $374.9K | $379.9K | +1.3% |
Housing Supply in Franklinton, NC
How many homes are available in Franklinton, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 106 | -11.7% |
Summary: The Franklinton real estate market had 106 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 75 | 68 | -9.3% |
| 4 Bedrooms | 35 | 33 | -5.7% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The Franklinton 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 decreased by 33.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Franklinton in November 2024, up by 19.0% month-over-month. Of the 25 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Franklinton, NC
How long does it take to sell a home in Franklinton, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 45 Days | -53.4% |
Summary: Homes in Franklinton had an average of 45 days on market in Nov 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Franklinton; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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