Is Franklinton Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Franklinton Township has remained a Seller's Market.
Housing Prices in Franklinton Township, NC
How much do homes in Franklinton Township, NC cost?
Median Sold Price
$369,166
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklinton Township was $369,166 in May 2024, down 2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $65K | N/A |
2 Bedrooms | $190K | $214.9K | +13.1% |
3 Bedrooms | $350K | $339.5K | -3.0% |
4 Bedrooms | $408.5K | $449.9K | +10.1% |
5+ Bedrooms | $406.3K | $419.2K | +3.2% |
Summary: Franklinton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Hayesville Township | $375K | $414.9K | +10.7% |
Louisburg Township | $319.9K | $335K | +4.7% |
Kittrell Township | $262.5K | $265K | +1.0% |
Franklinton Township | $376.8K | $369.1K | -2.0% |
Franklinton | $376.5K | $357.8K | -5.0% |
Housing Supply in Franklinton Township, NC
How many homes are available in Franklinton Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 107 | +3.9% |
Summary: The Franklinton Township real estate market had 107 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 50 | 55 | +10.0% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Franklinton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Franklinton Township in May 2024, up by 36.8% month-over-month. Of the 26 sold homes, 23% were sold under asking, 50% were sold at asking, and 27% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
89 Days | 45 Days | -48.8% |
Summary: Homes in Franklinton Township had an average of 45 days on market in May 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Franklinton Township; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.