Is Franklinville 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, Franklinville Township has remained a Seller's Market.
Housing Prices in Franklinville Township, NC
How much do homes in Franklinville Township, NC cost?
Median Sold Price
$246,950
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklinville Township was $246,950 in May 2024, up 5.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $128K | +34.7% |
2 Bedrooms | $163.5K | $169.9K | +3.9% |
3 Bedrooms | $242.7K | $255K | +5.0% |
4 Bedrooms | $283.5K | $270.9K | -4.4% |
5+ Bedrooms | - | $192.5K | N/A |
Summary: Franklinville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Franklinville | $175K | $199.5K | +14.0% |
Ramseur | $210K | $235K | +11.9% |
Franklinville Township | $235K | $246.9K | +5.1% |
Asheboro Township | $235K | $245K | +4.3% |
Randleman Township | $252.5K | $255K | +1.0% |
Housing Supply in Franklinville Township, NC
How many homes are available in Franklinville Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 27 | +28.6% |
Summary: The Franklinville Township real estate market had 27 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 12 | 20 | +66.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Franklinville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Franklinville Township in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Franklinville Township, NC
How long does it take to sell a home in Franklinville Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 8 Days | -81.5% |
Summary: Homes in Franklinville Township had an average of 8 days on market in May 2024, down by 81.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Franklinville Township; 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.