$6,709 Closing Credit*
$565,000
3,341 SqFt
4 Beds
•4 Full Baths
Jared Hill, Listing Office: EXP Realty 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 September 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
$370,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$10,155(-2.7%)
Key Takeaway
Homes in Franklinton Township have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Franklinton Township was $370,000 in September 2024, down 2.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $207.5K | $221.4K | +6.7% |
| 3 Bedrooms | $341K | $343.4K | +0.7% |
| 4 Bedrooms | $425K | $439.9K | +3.5% |
| 5+ Bedrooms | $408.1K | $425.9K | +4.4% |
Summary: Franklinton Township housing prices by bedroom type for September 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 0.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Louisburg Township | $321.1K | $346.8K | +8.0% |
| Franklinton Township | $380.1K | $370K | -2.7% |
| Franklinton | $373.9K | $362.5K | -3.1% |
| Hayesville Township | $413K | $380K | -8.0% |
Housing Supply in Franklinton Township, NC
How many homes are available in Franklinton Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 117 | 117 | 0.0% |
Summary: The Franklinton Township real estate market had 117 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 59 | 65 | +10.2% |
| 4 Bedrooms | 48 | 45 | -6.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Franklinton Township housing inventory by bedroom type for September 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 increased by 10.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Franklinton Township in September 2024, down by 31.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 50% were sold at asking, and 5% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 71 Days | 59 Days | -16.9% |
Summary: Homes in Franklinton Township had an average of 59 days on market in Sep 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklinton Township has remained consistent over time.
Summary: During September 2024, 20 homes were sold in Franklinton Township; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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