$3,978 Closing Credit*
$335,000
1,357 SqFt
3 Beds
•2 Full Baths
Leighanne Nicole Peace, Listing Office: Fathom Realty NC, LLC
Is Franklinton 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, Franklinton Township was a Buyer's Market.
Key Takeaway
Franklinton Township 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 Township, NC
How much do homes in Franklinton Township, NC cost?
Median Sold Price
$375,495
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$47(0%)
Key Takeaway
The sold price of homes in Franklinton Township has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $207.5K | $221.4K | +6.7% |
| 3 Bedrooms | $340K | $349.9K | +2.9% |
| 4 Bedrooms | $425K | $439.9K | +3.5% |
| 5+ Bedrooms | $406.3K | $421.4K | +3.7% |
Summary: Franklinton Township 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 6.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Louisburg Township | $325K | $348.7K | +7.3% |
| Franklinton | $361.7K | $368K | +1.7% |
| Franklinton Township | $375.5K | $375.4K | 0% |
| Hayesville Township | $404.5K | $382.5K | -5.4% |
Housing Supply in Franklinton Township, NC
How many homes are available in Franklinton Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 125 | +9.6% |
Summary: The Franklinton Township real estate market had 125 homes for sale in October 2024, a 9.6% 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 | 38 | 41 | +7.9% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Franklinton Township 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 7.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
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 Township, 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 Township in October 2024, the same as the previous 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 Township, NC
How long does it take to sell a home in Franklinton Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 42 Days | -31.4% |
Summary: Homes in Franklinton Township had an average of 42 days on market in Oct 2024, down by 31.4% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Franklinton Township; 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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