$2,968 Closing Credit*
$249,900
1,100 SqFt
3 Beds
•1 Full Bath
Maggie Harrell, Listing Office: Gateway Properties and Development
Is Franklinville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Franklinville Township has remained a Seller's Market.
Key Takeaway
Franklinville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinville Township, NC
How much do homes in Franklinville Township, NC cost?
Median Sold Price
$275,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$40,000(+17.0%)
Key Takeaway
Homes in Franklinville Township have sold for 17% more than they did a year ago.
Summary: The median home sold price in Franklinville Township was $275,000 in September 2024, up 17% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | - | N/A |
| 2 Bedrooms | $168.5K | $198.5K | +17.8% |
| 3 Bedrooms | $250K | $277K | +10.8% |
| 4 Bedrooms | $254.9K | $297.5K | +16.7% |
| 5+ Bedrooms | $192.5K | - | N/A |
Summary: Franklinville Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklinville Township | $235K | $275K | +17.0% |
| Ramseur | $203K | $235K | +15.8% |
| Asheboro Township | $239.9K | $249.9K | +4.2% |
| Randleman Township | $256.5K | $267K | +4.1% |
Housing Supply in Franklinville Township, NC
How many homes are available in Franklinville Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Franklinville Township real estate market had 26 homes for sale in September 2024, a 18.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Franklinville Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinville Township, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Franklinville Township in September 2024, up by 125.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for Franklinville Township, NC
How long does it take to sell a home in Franklinville Township, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 16 Days | 32 Days | +96.5% |
Summary: Homes in Franklinville Township had an average of 32 days on market in Sep 2024, up by 96.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Franklinville Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Franklinville Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
