Is Franklinton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklinton is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Franklinton was a Seller's Market.

Key Takeaway

Franklinton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Franklinton, NC

How much do homes in Franklinton, NC cost?

Median Sold Price

$359,950

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$12,958(-3.5%)

Key Takeaway

Homes in Franklinton have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Franklinton was $359,950 in February 2024, down 3.5% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $745K-
N/A
2 $196K$230.5K
+17.6%
3 $350K$340K
-2.9%
4 $408.5K$426.4K
+4.4%
5+ $431.9K$392.8K
-9.0%

Summary: Franklinton 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 17.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Cities

Franklinton Township
0%
Franklinton
-3.5%

Housing Supply in Franklinton, NC

How many homes are available in Franklinton, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8474-11.9%

Summary: The Franklinton real estate market had 74 homes for sale in February 2024, a 11.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 4236
-14.3%
4 3030
0.0%
5+ 42
-50.0%

Summary: The Franklinton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
199-52.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklinton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Franklinton in February 2024, down by 52.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
111 Days88 Days-20.1%

Summary: Homes in Franklinton had an average of 88 days on market in Feb 2024, down by 20.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Franklinton has remained consistent over time.

Summary: During February 2024, 9 homes were sold in Franklinton; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in Franklinton, NC

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