Is Franklin Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Franklin Township was a Seller's Market.
Housing Prices in Franklin Township, NC
How much do homes in Franklin Township, NC cost?
Median Sold Price
$369,380
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Franklin Township was $369,380 in February 2024, up 50.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $152K | N/A |
2 Bedrooms | $207K | $237.5K | +14.7% |
3 Bedrooms | $249.9K | $420K | +68.1% |
4 Bedrooms | - | $558.4K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Franklin Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 68.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Franklin Township, NC
How many homes are available in Franklin Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Summary: The Franklin Township real estate market had 46 homes for sale in February 2024, a 7.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Franklin Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Franklin Township in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Franklin Township, NC
How long does it take to sell a home in Franklin Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 88 Days | +106.3% |
Summary: Homes in Franklin Township had an average of 88 days on market in Feb 2024, up by 106.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Franklin Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.