Franklin, TN Housing Market
The Franklin housing market is somewhat competitive. Homes in Franklin receive 2 offers on average and sell in around 49 days. The median sale price of a home in Franklin was $748K last month, down 1.1% since last year. The median sale price per square foot in Franklin is $317, up 1.4% since last year.
Franklin Housing Market Trends
In March 2024, Franklin home prices were down 1.1% compared to last year, selling for a median price of $748K. On average, homes in Franklin sell after 49 days on the market compared to 54 days last year. There were 114 homes sold in March this year, down from 136 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 42 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 56 days.
- Hot homescan sell for around list price and go pending in around 28 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 55 days.
- Hot homescan sell for around list price and go pending in around 23 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
- $4,600,000 Last Sold Price6 beds4.5 baths6,769 sq ft3033 Del Rio Pike, Franklin, TN 37069List Price$4,995,000Sale to List8% under listDays on Market—3033 Del Rio Pike, Franklin, TN 37069
- $905,000 Last Sold Price3 beds2 baths2,826 sq ft813 Caledonian Ct, Franklin, TN 37064List Price$900,000Sale to List1% over listDays on Market—813 Caledonian Ct, Franklin, TN 37064
- $525,000 Last Sold Price4 beds3 baths2,040 sq ft1521 Brentwood Pointe, Franklin, TN 37067List Price$545,000Sale to List4% under listDays on Market—1521 Brentwood Pointe, Franklin, TN 37067
- $1,160,000 Last Sold Price4 beds3.5 baths3,464 sq ft408 Stafford Close, Franklin, TN 37069List Price$1,150,000Sale to List1% over listDays on Market—408 Stafford Close, Franklin, TN 37069
- $795,000 Last Sold Price3 beds1 bath2,476 sq ft3022 Carters Creek Pike, Franklin, TN 37064List Price$819,900Sale to List3% under listDays on Market—3022 Carters Creek Pike, Franklin, TN 37064
- $1,425,000 Last Sold Price4 beds4.5 baths4,196 sq ft2200 Georgian Cir, Franklin, TN 37067List Price$1,425,000Sale to List0% over listDays on Market—2200 Georgian Cir, Franklin, TN 37067
- $445,000 Last Sold Price2 beds2 baths1,230 sq ft2022 Roderick Cir, Franklin, TN 37064List Price$459,900Sale to List3% under listDays on Market—2022 Roderick Cir, Franklin, TN 37064
- $890,000 Last Sold Price4 beds3 baths3,178 sq ft8007 Headwaters Dr, Franklin, TN 37064List Price$890,839Sale to List0% under listDays on Market—8007 Headwaters Dr, 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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