Franklin, TN Housing Market
The Franklin housing market is somewhat competitive. Homes in Franklin receive 2 offers on average and sell in around 38 days. The median sale price of a home in Franklin was $800K last month, up 8.2% since last year. The median sale price per square foot in Franklin is $317, up 1.3% since last year.
Franklin Housing Market Trends
In April 2024, Franklin home prices were up 8.2% compared to last year, selling for a median price of $800K. On average, homes in Franklin sell after 38 days on the market compared to 43 days last year. There were 137 homes sold in April this year, up from 90 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Franklin housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 40 days.
- Hot homescan sell for around list price and go pending in around 20 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 52 days.
- Hot homescan sell for around list price and go pending in around 27 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 46 days.
- Hot homescan sell for around list price and go pending in around 22 days.
Franklin Migration & Relocation Trends
- Across the nation, 1% of homebuyers searched to move into Franklin from outside metros.
- Los Angeles homebuyers searched to move into Franklin more than any other metro followed by Chicago and San Francisco.
- 75% of Franklin homebuyers searched to stay within the Franklin metropolitan area.
- Destin was the most popular destination among Franklin homebuyers followed by Tullahoma and Mobile.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 2,588 | ||
2 | 774 | ||
3 | 511 | ||
4 | 408 | ||
5 | 379 | ||
6 | 331 | ||
7 | 288 | ||
8 | 244 | ||
9 | 230 | ||
10 | 142 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 204 | ||
2 | 167 | ||
3 | 86 | ||
4 | 82 | ||
5 | 63 | ||
6 | 61 | ||
7 | 58 | ||
8 | 57 | ||
9 | 49 | ||
10 | 48 |
Home offer insights for Franklin
Recent offers
View houses in Franklin that sold recently
Recently sold homes
- $330,000 Last Sold Price2 beds2 baths936 sq ft514 N Petway St #103, Franklin, TN 37064List Price$329,900Sale to List0% over listDays on Market—514 N Petway St #103, Franklin, TN 37064
- $2,670,300 Last Sold Price—beds—baths—sq ft0 Pinewood Rd, Franklin, TN 37064List Price$3,625,000Sale to List26% under listDays on Market—0 Pinewood Rd, Franklin, TN 37064
- $735,000 Last Sold Price4 beds2.5 baths2,854 sq ft524 Ridgestone Dr, Franklin, TN 37064List Price$724,997Sale to List1% over listDays on Market—524 Ridgestone Dr, Franklin, TN 37064
- $820,000 Last Sold Price4 beds2.5 baths3,044 sq ft954 Ryecroft Ln, Franklin, TN 37064List Price$840,000Sale to List2% under listDays on Market—954 Ryecroft Ln, Franklin, TN 37064
- $959,000 Last Sold Price5 beds3 baths3,202 sq ft166 Riverwood Dr, Franklin, TN 37069List Price$1,024,900Sale to List6% under listDays on Market—166 Riverwood Dr, Franklin, TN 37069
- $1,500,000 Last Sold Price5 beds5 baths3,823 sq ft2001 General Martin Ln, Franklin, TN 37064List Price$1,625,975Sale to List8% under listDays on Market—2001 General Martin Ln, Franklin, TN 37064
- $350,000 Last Sold Price—beds—baths—sq ft2261 N Berrys Chapel Rd, Franklin, TN 37069List Price$425,000Sale to List18% under listDays on Market—2261 N Berrys Chapel Rd, Franklin, TN 37069
- $860,000 Last Sold Price4 beds3.5 baths3,260 sq ft263 Irvine Ln, Franklin, TN 37064List Price$850,000Sale to List1% over listDays on Market—263 Irvine Ln, Franklin, TN 37064
See all recently sold homes in Franklin.
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Schools in Franklin
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Trinity Elementary School Public • PreK-5 | 602 Students | 7 reviews |
9/10 Clovercroft Elementary School Public • K-5 | 712 Students | 13 reviews |
9/10 Winstead Elementary School Public • PreK-5 | 532 Students | 2 reviews |
8/10 Walnut Grove Elementary School Public • K-5 | 525 Students | 5 reviews |
8/10 Hunters Bend Elementary School Public • K-5 | 427 Students | 9 reviews |
Climate's impact on Franklin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Franklin.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Franklin
Walk Score®
Bike Score®
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