$3,563 Closing Credit*
$300,000
1,229 SqFt
3 Beds
•2 Full Baths
Jeff N Garrett, Listing Office: Allen Tate/Wake Forest
Is Franklinton, 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, Franklinton was a Buyer's Market.
Key Takeaway
Franklinton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Franklinton, NC
How much do homes in Franklinton, NC cost?
Median Sold Price
$368,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,230(+1.7%)
Key Takeaway
Homes in Franklinton have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Franklinton was $368,000 in October 2024, up 1.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $207.5K | $214.9K | +3.6% |
| 3 Bedrooms | $339K | $346.9K | +2.3% |
| 4 Bedrooms | $422.9K | $440K | +4.0% |
| 5+ Bedrooms | $406.3K | $420.6K | +3.5% |
Summary: Franklinton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Franklinton | $361.7K | $368K | +1.7% |
| Franklinton Township | $375.5K | $375.4K | 0% |
Housing Supply in Franklinton, NC
How many homes are available in Franklinton, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 119 | +10.2% |
Summary: The Franklinton real estate market had 119 homes for sale in October 2024, a 10.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 65 | 71 | +9.2% |
| 4 Bedrooms | 34 | 38 | +11.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Franklinton 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 50%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Franklinton in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 42 Days | -29.8% |
Summary: Homes in Franklinton had an average of 42 days on market in Oct 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 19 homes were sold in Franklinton; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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