Is Franklin County, 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 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
$264,750
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin County was $264,750 in March 2024, up 6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $249K | +87.2% |
2 Bedrooms | $175K | $166K | -5.1% |
3 Bedrooms | $245K | $261K | +6.5% |
4 Bedrooms | $331K | $325K | -1.8% |
5+ Bedrooms | $492.5K | $369.9K | -24.9% |
Summary: Franklin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.2%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 24.9%.
Median Sold Price Compared To Nearby Counties
Banks County | $315K | $339.9K | +7.9% |
Franklin County | $249.8K | $264.7K | +6.0% |
Stephens County | $220K | $229.2K | +4.2% |
Madison County | $289.9K | $298.9K | +3.1% |
Hart County | $307K | $289.9K | -5.6% |
Housing Supply in Franklin County, GA
How many homes are available in Franklin County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
134 | 151 | +12.7% |
Summary: The Franklin County real estate market had 151 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 83 | 91 | +9.6% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Franklin County 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 16.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 31 | +106.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Franklin County in March 2024, up by 106.7% month-over-month. Of the 28 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 43 Days | -14.8% |
Summary: Homes in Franklin County had an average of 43 days on market in Mar 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Franklin County; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.