$5,568 Closing Credit*
$468,900
1,771 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sherry Jobe, Listing Office: Action Property, Inc.
Is Franklinville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Franklinville has remained a Seller's Market.
Key Takeaway
Franklinville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinville, NC
How much do homes in Franklinville, NC cost?
Median Sold Price
$236,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,000(+24.9%)
Key Takeaway
Homes in Franklinville have sold for 24.9% more than they did a year ago.
Summary: The median home sold price in Franklinville was $236,000 in October 2024, up 24.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | - | N/A |
| 2 Bedrooms | $142.5K | $175K | +22.8% |
| 3 Bedrooms | $265.7K | $293.8K | +10.6% |
| 4 Bedrooms | $188K | $213.5K | +13.6% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: Franklinville 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 22.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklinville | $189K | $236K | +24.9% |
| Ramseur | $200.5K | $235K | +17.2% |
| Franklinville Township | $240K | $271.2K | +13.0% |
| Columbia Township | $220K | $220K | 0.0% |
Housing Supply in Franklinville, NC
How many homes are available in Franklinville, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Franklinville real estate market had 8 homes for sale in October 2024, a 11.1% decrease 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 | 5 | 3 | -40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Franklinville 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 decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Franklinville in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Franklinville, NC
How long does it take to sell a home in Franklinville, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 1 Days | -95.4% |
Summary: Homes in Franklinville had an average of 1 days on market in Oct 2024, down by 95.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Franklinville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
