Is Franklin County, 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, Franklin County has remained a Seller's Market.
Housing Prices in Franklin County, NC
How much do homes in Franklin County, NC cost?
Median Sold Price
$370,479
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin County was $370,479 in March 2024, down 0.9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $215K | +38.7% |
2 Bedrooms | $219K | $249K | +13.7% |
3 Bedrooms | $346.1K | $346.7K | 0.2% |
4 Bedrooms | $430K | $450K | +4.7% |
5+ Bedrooms | $433.4K | $490K | +13.0% |
Summary: Franklin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Counties
Nash County | $252.5K | $262K | +3.7% |
Vance County | $245.3K | $246K | 0.3% |
Franklin County | $373.8K | $370.4K | -0.9% |
Granville County | $320.1K | $314.9K | -1.6% |
Housing Supply in Franklin County, NC
How many homes are available in Franklin County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
331 | 318 | -3.9% |
Summary: The Franklin County real estate market had 318 homes for sale in March 2024, a 3.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 191 | 184 | -3.7% |
4 Bedrooms | 107 | 104 | -2.8% |
5+ Bedrooms | 13 | 8 | -38.5% |
Summary: The Franklin County 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 increased by 5.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 38.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 66 | -4.3% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Franklin County in March 2024, down by 4.3% month-over-month. Of the 66 sold homes, 44% were sold under asking, 33% were sold at asking, and 23% were sold over asking.
Days on Market for Franklin County, NC
How long does it take to sell a home in Franklin County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
126 Days | 79 Days | -37.0% |
Summary: Homes in Franklin County had an average of 79 days on market in Mar 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in Franklin County; 9% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.