Is Franklin County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Franklin County has remained a Seller's Market.

Key Takeaway

Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Franklin County, NC cost?

Median Sold Price

$364,333

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$81,500(+28.8%)

Key Takeaway

Homes in Franklin County have sold for 28.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $349.9K$139.2K
-60.2%
2 $196K$218K
+11.2%
3 $256K$332.4K
+29.9%
4 $347.5K$489.4K
+40.8%
5+ $395K$500K
+26.6%

Median Sold Price Compared To Nearby Counties

Franklin County
+28.8%
Granville County
+21.5%
Nash County
+15.0%

How many homes are available in Franklin County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
271301+11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1213
+8.3%
3 183209
+14.2%
4 6870
+2.9%
5+ 78
+14.3%

Number of Homes Sold

Sep 2022Oct 2022%
4393+116.3%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin County, you could pay more than the asking price. 34.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
6 Days16 Days+145.5%

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Franklin County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Franklin County, NC

Franklin County, NC has 301 homes on the market. In October 2022 in Franklin County, NC there were 11.1% more homes for sale than in September 2022. Listings spent 16 days on the market in October 2022, and had a median list price of $364,333 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 60.2%, 2 bedrooms properties prices increased by 11.2%, prices of 3 bedrooms properties increased by 29.9%, prices of 4 bedrooms properties increased by 40.8%, prices of 5 bedrooms properties increased by 26.6%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 8.3% more available, 3 bedrooms homes inventory increased by 14.2%, volume of 4 bedrooms homes went up by 2.9%, volume of 5 bedrooms homes went up by 14.3%. In October 2022, from all listings sold in Franklin County, NC there were more than 31 sold above asking price, over 30 sold below and more than 29 were sold right at the asked price.

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