Is Franklinton, NC 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 Seller's Market.
Key Takeaway
Franklinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinton, NC
How much do homes in Franklinton, NC cost?
Median Sold Price
$360,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Franklinton have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Franklinton was $360,000 in April 2024, down 2.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $200K | $185K | -7.5% |
| 3 Bedrooms | $348.4K | $343K | -1.6% |
| 4 Bedrooms | $410.5K | $450K | +9.6% |
| 5+ Bedrooms | $410.6K | $455K | +10.8% |
Summary: Franklinton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Franklinton Township | $375.1K | $375K | 0% |
| Franklinton | $370.1K | $360K | -2.7% |
Housing Supply in Franklinton, NC
How many homes are available in Franklinton, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 83 | +3.8% |
Summary: The Franklinton real estate market had 83 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 39 | 43 | +10.3% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
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 decreased by 33.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Franklinton in April 2024, down by 15.0% month-over-month. Of the 17 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% were sold over asking.
Days on Market for Franklinton, NC
How long does it take to sell a home in Franklinton, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 93 Days | 36 Days | -60.6% |
Summary: Homes in Franklinton had an average of 36 days on market in Apr 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Franklinton; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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