Diane Dillard, Listing Office: RE/MAX Elite Realty
Franklin Township Housing Market Report December 2024•Macon County, North Carolina
Housing Prices in Franklin Township, NC
How much do homes in Franklin Township, NC cost?
Housing Market Conditions
Is Franklin Township, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Franklin Township is a Neutral Market
Difference Since December 2023
At the same time last year, Franklin Township was a Buyer's Market.
Franklin Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Franklin Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Franklin Township was $425,000 in December 2024, up 11.2% from last year, and the median price per square foot was $227.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Franklin Township | $382.2K | $425K | +11.2% |
Franklin | $393.7K | $425K | +7.9% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $422.5K | $185.4K | -56.1% |
22 Bedrooms | $270K | $280K | +3.7% |
33 Bedrooms | $410K | $475K | +15.9% |
44 Bedrooms | $558.4K | $554.2K | -0.8% |
55+ Bedrooms | $900K | $925K | +2.8% |
Summary: Franklin Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -56.1%. The home price for 2 bedroom homes increased by +3.7%. The home price for 3 bedroom homes increased by +15.9%. The home price for 4 bedroom homes decreased by -0.8%. The home price for 5 bedroom homes increased by +2.8%.
Housing supply in Franklin Township, NC
How many homes are available in Franklin Township, NC?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
55Last MonthDec 2024 | ||
522 months agoNov 2024 | +5.8 % Change MoMNov – Dec |
Summary: The Franklin Township real estate market had 55 homes for sale in Dec 2024, a 5.8 % increase compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
8Last MonthDec 2024 | ||
72 months agoNov 2024 | +14.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 3 | +50.0% |
22 Bedrooms | 11 | 10 | -9.1% |
33 Bedrooms | 27 | 29 | +7.4% |
44 Bedrooms | 10 | 11 | +10.0% |
55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Franklin Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes decreased by -9.1%. The inventory for 3 bedroom homes increased by +7.4%. The inventory for 4 bedroom homes increased by +10.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Franklin Township, NC cost?
Over Asking Price0 Home
At Asking Price5 Homes
Under Asking Price3 Homes
If you're buying a home in Franklin Township, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Franklin Township in December 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and and 0% were sold over asking.
Days on Market for Franklin Township, NC
How long does it take to sell a home in Franklin Township, NC?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days3 Homes
Over 90 Days3 Homes
Avg time on Rocket Homes in Franklin Township has remained consistent over time.
Summary: During December 2024, 8 homes were sold in Franklin Township; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
105 DaysThis YearDec 2024 | ||
86 Days1 year agoDec 2023 | +22.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Franklin Township had an average listing age of 105 days in Dec 2024, up by 22.7% compared to the previous year.
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Newest Listings in Franklin Township, NC
What homes are available in Franklin Township, NC?
Nearby markets
Nearby markets aren't available for Franklin Township, NC
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Last updated on: 1/29/2025, 4:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/29/2025, 4:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/29/2025, 4:20:59 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: 1/29/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.