Franklin County Housing Market Report December 2024•Franklin County, Georgia

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Housing Prices in Franklin County, GA

How much do homes in Franklin County, GA cost?

Housing Market Conditions

Is Franklin County, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Franklin County is a Seller's Market

Difference Since December 2023

Since last year, Franklin County has remained a Seller's Market.

Insight

Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$275,600$169/SqFt
+$25,850
+10.4%

Based on all homes sold in the last 12 months

Insight

Homes in Franklin County have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Franklin County was $275,600 in December 2024, up 10.4% from last year, and the median price per square foot was $169.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Stephens County
+14.2%
Franklin County
+10.4%
Madison County
+10.2%
Hart County
+7.7%
Banks County
+4.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$212.5K$219.5K
+3.3%
2$164K$182.7K
+11.4%
3$246.2K$269.4K
+9.4%
4$319.9K$390K
+21.9%
5$369.9K$715K
+93.3%

Summary: Franklin County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +3.3%. The home price for 2 bedroom homes increased by +11.4%. The home price for 3 bedroom homes increased by +9.4%. The home price for 4 bedroom homes increased by +21.9%. The home price for 5 bedroom homes increased by +93.3%.

Housing supply in Franklin County, GA

How many homes are available in Franklin County, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
171Last MonthDec 2024
1662 months agoNov 2024
+3.0 %
Change MoMNov – Dec

Summary: The Franklin County real estate market had 171 homes for sale in Dec 2024, a 3.0 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
34Last MonthDec 2024
182 months agoNov 2024
+88.9 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
21824
+33.3%
39291
-1.1%
43839
+2.6%
51716
-5.9%

Summary: Franklin County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes decreased by -1.1%. The inventory for 4 bedroom homes increased by +2.6%. The inventory for 5 bedroom homes decreased by -5.9%.

Asking Price vs. Sold Price

How much do homes in Franklin County, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price8 Homes

Under Asking Price17 Homes

Insight

If you're buying a home in Franklin County, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Franklin County in December 2024, up by 88.9% month-over-month. Of the 32 sold homes, 53% were sold under asking, 25% were sold at asking, and and 22% were sold over asking.

Days on Market for Franklin County, GA

How long does it take to sell a home in Franklin County, GA?

Breakdown of Home Sale Times

Under 30 Days16 Homes

30 – 90 Days12 Homes

Over 90 Days6 Homes

Insight

Many homes in Franklin County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 34 homes were sold in Franklin County; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
73 DaysThis YearDec 2024
58 Days1 year agoDec 2023
+27.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Franklin County had an average listing age of 73 days in Dec 2024, up by 27.2% compared to the previous year.

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Newest Listings in Franklin County, GA

What homes are available in Franklin County, GA?

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Nearby markets

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Based on information from Georgia MLS, First Multiple Listing Service Inc., Classic MLS, Western Upstate MLS, and Greater Greenville MLS for the period 01/01/2023 - 01/01/2025

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All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Western Upstate Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing provided courtesy of Greater Greenville Association of Realtors® Internet Data Exchange Database. © 2025 GGAR MLS.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.