The South Franklin housing market is somewhat competitive. The median sale price of a home in South Franklin was $323K last month, down 7.9% since last year. The median sale price per square foot in South Franklin is $132, down 5.7% since last year.
What is the housing market like in South Franklin today?
In March 2024, South Franklin home prices were down 7.9% compared to last year, selling for a median price of $323K. On average, homes in South Franklin sell after 17 days on the market compared to 32 days last year. There were 72 homes sold in March this year, up from 70 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$322,500
-7.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Franklin, IN
$322,500
-7.9%
United States
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How hot is the South Franklin housing market?
South Franklin is somewhat competitive. Homes sell in 23 days.
0
100
65
Somewhat Competitive
Redfin Compete Score™
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 3% below list price and go pending in around 23 days.
Hot homes
can sell for around list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Franklin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Franklin.
Risk Factor
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Franklin has a minor risk of flooding. 201 properties in South Franklin are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in South Franklin. Flood risk is increasing faster than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Franklin has a minor risk of wildfire. There are 72 properties in South Franklin that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in South Franklin.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
South Franklin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Franklin is most at risk from hurricanes. 6,407 properties in South Franklin have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 50 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.