Is Franklinton, 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, Franklinton was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $745K | - | N/A |
2 Bedrooms | $196K | $230.5K | +17.6% |
3 Bedrooms | $350K | $340K | -2.9% |
4 Bedrooms | $408.5K | $426.4K | +4.4% |
5+ Bedrooms | $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 | $375K | $374.9K | 0% |
Franklinton | $372.9K | $359.9K | -3.5% |
Housing Supply in Franklinton, NC
How many homes are available in Franklinton, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
84 | 74 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 42 | 36 | -14.3% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 4 | 2 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 9 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
111 Days | 88 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
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.