$510,000
5.00 Acres
Land
Josephine Lovell, Listing Office: Highlands Sothebys International Realty - DT
Is Franklinton 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, Franklinton Township has remained a Seller's Market.
Key Takeaway
Franklinton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinton Township, NC
How much do homes in Franklinton Township, NC cost?
Median Sold Price
$379,997
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,002(+1.3%)
Key Takeaway
Homes in Franklinton Township have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Franklinton Township was $379,997 in November 2024, up 1.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $231K | $214.9K | -7.0% |
| 3 Bedrooms | $340K | $350K | +2.9% |
| 4 Bedrooms | $425K | $440K | +3.5% |
| 5+ Bedrooms | $410.6K | $421.4K | +2.6% |
Summary: Franklinton Township 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 7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Louisburg Township | $326.4K | $349K | +6.9% |
| Franklinton | $360K | $375K | +4.2% |
| Franklinton Township | $374.9K | $379.9K | +1.3% |
| Hayesville Township | $415K | $363K | -12.5% |
Housing Supply in Franklinton Township, NC
How many homes are available in Franklinton Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 110 | -12.7% |
Summary: The Franklinton Township real estate market had 110 homes for sale in November 2024, a 12.7% 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 | 37 | 35 | -5.4% |
| 5+ Bedrooms | 11 | 5 | -54.5% |
Summary: The Franklinton Township 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 5.4%, and 5+ bedroom homes decreased by 54.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
16 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 Township, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Franklinton Township in November 2024, up by 18.2% month-over-month. Of the 26 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 49 Days | -49.5% |
Summary: Homes in Franklinton Township had an average of 49 days on market in Nov 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 26 homes were sold in Franklinton Township; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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