Is Franklinton, 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 has remained a Seller's Market.
Key Takeaway
Franklinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinton, NC
How much do homes in Franklinton, NC cost?
Median Sold Price
$357,855
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Franklinton have sold for 5% less than they did a year ago.
Summary: The median home sold price in Franklinton was $357,855 in May 2024, down 5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $190K | $212.4K | +11.8% |
| 3 Bedrooms | $350K | $338K | -3.4% |
| 4 Bedrooms | $410.2K | $499.9K | +21.8% |
| 5+ Bedrooms | $410.6K | $419.2K | +2.1% |
Summary: Franklinton 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 11.8%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Franklinton Township | $376.8K | $369.1K | -2.0% |
| Franklinton | $376.5K | $357.8K | -5.0% |
Housing Supply in Franklinton, NC
How many homes are available in Franklinton, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 103 | +7.3% |
Summary: The Franklinton real estate market had 103 homes for sale in May 2024, a 7.3% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 48 | 54 | +12.5% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Franklinton 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 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Franklinton in May 2024, up by 47.1% month-over-month. Of the 25 sold homes, 20% were sold under asking, 52% were sold at asking, and 28% were sold over asking.
Days on Market for Franklinton, NC
How long does it take to sell a home in Franklinton, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 47 Days | -46.2% |
Summary: Homes in Franklinton had an average of 47 days on market in May 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Franklinton; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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