Is Franklinton Township, NC 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, Franklinton Township has remained a Seller's Market.
Housing Prices in Franklinton Township, NC
How much do homes in Franklinton Township, NC cost?
Median Sold Price
$364,327
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklinton Township was $364,327 in March 2024, down 2.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $202.5K | $197.5K | -2.5% |
3 Bedrooms | $350K | $340K | -2.9% |
4 Bedrooms | $408.5K | $426.7K | +4.5% |
5+ Bedrooms | $398.5K | $415K | +4.1% |
Summary: Franklinton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Louisburg Township | $315.3K | $333.2K | +5.7% |
Kittrell Township | $268K | $262.5K | -2.1% |
Franklinton Township | $375K | $364.3K | -2.9% |
Franklinton | $371.9K | $355K | -4.6% |
Housing Supply in Franklinton Township, NC
How many homes are available in Franklinton Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 86 | -1.1% |
Summary: The Franklinton Township real estate market had 86 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 38 | 38 | 0.0% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Franklinton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Franklinton Township in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for Franklinton Township, NC
How long does it take to sell a home in Franklinton Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
119 Days | 76 Days | -36.3% |
Summary: Homes in Franklinton Township had an average of 76 days on market in Mar 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Franklinton Township; 6% of homes were sold within 30 days, 72% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.