Franklin, TN Housing Market
The Franklin housing market is somewhat competitive. Homes in Franklin receive 2 offers on average and sell in around 56 days. The median sale price of a home in Franklin was $718K last month, down 3.7% since last year. The median sale price per square foot in Franklin is $303, up 1.0% since last year.
Franklin Housing Market Trends
In February 2024, Franklin home prices were down 3.7% compared to last year, selling for a median price of $718K. On average, homes in Franklin sell after 56 days on the market compared to 93 days last year. There were 74 homes sold in February this year, down from 89 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 2% below list price and go pending in around 57 days.
- Hot homescan sell for around list price and go pending in around 30 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 67 days.
- Hot homescan sell for around list price and go pending in around 35 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
- Multiple offers are rare.
- The average homes sell for about 3% below list price and go pending in around 88 days.
- Hot homescan sell for around list price and go pending in around 36 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.
- 76% of Franklin homebuyers searched to stay within the Franklin metropolitan area.
- Knoxville was the most popular destination among Franklin homebuyers followed by Destin and Tullahoma.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 2,642 | ||
2 | 671 | ||
3 | 490 | ||
4 | 379 | ||
5 | 375 | ||
6 | 371 | ||
7 | 296 | ||
8 | 267 | ||
9 | 164 | ||
10 | 147 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 208 | ||
2 | 162 | ||
3 | 148 | ||
4 | 68 | ||
5 | 66 | ||
6 | 64 | ||
7 | 53 | ||
8 | 52 | ||
9 | 51 | ||
10 | 48 |
Home offer insights for Franklin
Recent offers
View houses in Franklin that sold recently
Recently sold homes
- $685,000 Last Sold Price3 beds2.5 baths2,518 sq ft275 Wisteria Dr, Franklin, TN 37064List Price$699,900Sale to List2% under listDays on Market—275 Wisteria Dr, Franklin, TN 37064
- $735,000 Last Sold Price4 beds4 baths2,175 sq ft120 Daniels Dr, Franklin, TN 37064List Price$760,000Sale to List3% under listDays on Market—120 Daniels Dr, Franklin, TN 37064
- $1,251,852 Last Sold Price5 beds5.5 baths4,989 sq ft3000 Braidwood Ln, Franklin, TN 37064List Price$1,239,895Sale to List1% over listDays on Market—3000 Braidwood Ln, Franklin, TN 37064
- $1,150,000 Last Sold Price5 beds4.5 baths3,475 sq ft2090 Bushnell Farm Dr, Franklin, TN 37064List Price$1,149,000Sale to List0% over listDays on Market—2090 Bushnell Farm Dr, Franklin, TN 37064
- $825,000 Last Sold Price4 beds3 baths2,505 sq ft117 Jefferson Dr, Franklin, TN 37064List Price$849,900Sale to List3% under listDays on Market—117 Jefferson Dr, Franklin, TN 37064
- $1,555,550 Last Sold Price4 beds4 baths3,802 sq ft2144 Summer Hill Cir, Franklin, TN 37064List Price$1,475,000Sale to List5% over listDays on Market—2144 Summer Hill Cir, Franklin, TN 37064
- $599,000 Last Sold Price3 beds3 baths2,324 sq ft1205 Moher Blvd, Franklin, TN 37069List Price$599,000Sale to List0% over listDays on Market—1205 Moher Blvd, Franklin, TN 37069
- $740,000 Last Sold Price3 beds2.5 baths2,314 sq ft1328 Tilton Dr, Franklin, TN 37067List Price$740,000Sale to List0% over listDays on Market—1328 Tilton Dr, Franklin, TN 37067
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 • Choice school | 783 Students | 7 reviews |
9/10 Clovercroft Elementary School Public • K-5 • Choice school | 758 Students | 13 reviews |
9/10 Winstead Elementary School Public • PreK-5 • Choice school | 614 Students | 2 reviews |
8/10 Walnut Grove Elementary School Public • K-5 • Choice school | 600 Students | 5 reviews |
8/10 Hunters Bend Elementary School Public • K-5 • Choice school | 497 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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