Is Franklin County, NC 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, NC
How much do homes in Franklin County, NC cost?
Median Sold Price
$374,822
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.9K | $130K | -27.8% |
2 Bedrooms | $220K | $228K | +3.6% |
3 Bedrooms | $346.4K | $349.4K | +0.9% |
4 Bedrooms | $430K | $468.3K | +8.9% |
5+ Bedrooms | $435K | $491.2K | +12.9% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Counties
Nash County | $250.5K | $263.1K | +5.1% |
Franklin County | $374.9K | $374.8K | 0% |
Granville County | $318.4K | $315K | -1.1% |
Vance County | $249.8K | $245K | -1.9% |
Housing Supply in Franklin County, NC
How many homes are available in Franklin County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
314 | 324 | +3.2% |
Summary: The Franklin County real estate market had 324 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 185 | 189 | +2.2% |
4 Bedrooms | 96 | 101 | +5.2% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 69 | -4.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Franklin County in April 2024, down by 4.2% month-over-month. Of the 69 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for Franklin County, NC
How long does it take to sell a home in Franklin County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
111 Days | 60 Days | -46.0% |
Summary: Homes in Franklin County had an average of 60 days on market in Apr 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 69 homes were sold in Franklin County; 51% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.