Is Franklinville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Franklinville Township has remained a Seller's Market.
Housing Prices in Franklinville Township, NC
How much do homes in Franklinville Township, NC cost?
Median Sold Price
$240,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklinville Township was $240,000 in April 2024, up 4.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $128K | +46.3% |
2 Bedrooms | $163.5K | $169.9K | +3.9% |
3 Bedrooms | $240.4K | $255K | +6.0% |
4 Bedrooms | $227.5K | $270.9K | +19.1% |
5+ Bedrooms | - | $192.5K | N/A |
Summary: Franklinville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Franklinville | $165K | $210K | +27.3% |
Ramseur | $215.5K | $252K | +16.9% |
Asheboro Township | $229.9K | $247.9K | +7.8% |
Franklinville Township | $229.4K | $240K | +4.6% |
Randleman Township | $250K | $255K | +2.0% |
Housing Supply in Franklinville Township, NC
How many homes are available in Franklinville Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Franklinville Township real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Franklinville Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Franklinville Township in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 35 Days | +432.6% |
Summary: Homes in Franklinville Township had an average of 35 days on market in Apr 2024, up by 432.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Franklinville Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.