Is Franklinton, LA 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, Franklinton has remained a Buyer's Market.
Housing Prices in Franklinton, LA
How much do homes in Franklinton, LA cost?
Median Sold Price
$200,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklinton was $200,000 in April 2024, up 5.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134K | $430K | +220.9% |
2 Bedrooms | $142.5K | $139.9K | -1.8% |
3 Bedrooms | $183K | $187K | +2.2% |
4 Bedrooms | $240K | $335K | +39.6% |
5+ Bedrooms | $205K | $295K | +43.9% |
Summary: Franklinton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 220.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 43.9%.
Housing Supply in Franklinton, LA
How many homes are available in Franklinton, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The Franklinton real estate market had 45 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franklinton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Franklinton in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Franklinton, LA
How long does it take to sell a home in Franklinton, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 67 Days | -19.8% |
Summary: Homes in Franklinton had an average of 67 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Franklinton; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.