Is Franklinton, 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 has remained a Seller's Market.
Housing Prices in Franklinton, NC
How much do homes in Franklinton, NC cost?
Median Sold Price
$355,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklinton was $355,000 in March 2024, down 4.6% from last year, and the median price per square foot was $195.
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 | $339.5K | -3.0% |
4 Bedrooms | $410K | $417.2K | +1.8% |
5+ Bedrooms | $401.6K | $420K | +4.6% |
Summary: Franklinton 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 3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Franklinton Township | $375K | $364.3K | -2.9% |
Franklinton | $371.9K | $355K | -4.6% |
Housing Supply in Franklinton, NC
How many homes are available in Franklinton, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 81 | +2.5% |
Summary: The Franklinton real estate market had 81 homes for sale in March 2024, a 2.5% increase 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 | 9 | 9 | 0.0% |
3 Bedrooms | 37 | 38 | +2.7% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Franklinton 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 increased by 2.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
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 in March 2024, up by 38.5% 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, NC
How long does it take to sell a home in Franklinton, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
124 Days | 76 Days | -38.5% |
Summary: Homes in Franklinton had an average of 76 days on market in Mar 2024, down by 38.5% 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; 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.