Is Franklin County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Franklin County has remained a Seller's Market.
Housing Prices in Franklin County, GA
How much do homes in Franklin County, GA cost?
Median Sold Price
$262,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin County was $262,500 in April 2024, up 3.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $249K | +87.2% |
2 Bedrooms | $161.5K | $175K | +8.4% |
3 Bedrooms | $250K | $258.5K | +3.4% |
4 Bedrooms | $324.5K | $347K | +6.9% |
5+ Bedrooms | $435K | $374.9K | -13.8% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.2%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Counties
Stephens County | $215K | $237.5K | +10.5% |
Banks County | $315K | $337.1K | +7.0% |
Madison County | $289.9K | $300K | +3.5% |
Franklin County | $254K | $262.5K | +3.3% |
Hart County | $310K | $289.9K | -6.5% |
Housing Supply in Franklin County, GA
How many homes are available in Franklin County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 166 | +7.8% |
Summary: The Franklin County real estate market had 166 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 94 | 100 | +6.4% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 44 | +46.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Franklin County in April 2024, up by 46.7% month-over-month. Of the 41 sold homes, 46% were sold under asking, 41% were sold at asking, and 12% were sold over asking.
Days on Market for Franklin County, GA
How long does it take to sell a home in Franklin County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 55 Days | -6.6% |
Summary: Homes in Franklin County had an average of 55 days on market in Apr 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Franklin County; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.