Is Franklin, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Franklin has remained a Seller's Market.
Key Takeaway
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin, GA
How much do homes in Franklin, GA cost?
Median Sold Price
$258,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Franklin have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Franklin was $258,000 in March 2024, up 8.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.9K | $147.5K | -22.3% |
| 2 Bedrooms | $157.4K | $195K | +23.8% |
| 3 Bedrooms | $252K | $243K | -3.6% |
| 4 Bedrooms | $449K | $326.9K | -27.2% |
| 5+ Bedrooms | $599.9K | $363.1K | -39.5% |
Summary: Franklin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 27.2%, and 5+ bedroom homes decreased by 39.5%.
Housing Supply in Franklin, GA
How many homes are available in Franklin, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Franklin real estate market had 23 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Franklin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Franklin in March 2024, down by 14.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Franklin, GA
How long does it take to sell a home in Franklin, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 9 Days | -73.3% |
Summary: Homes in Franklin had an average of 9 days on market in Mar 2024, down by 73.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Franklin; 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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.