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 $320, up 2.7% 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 39 days.
- Hot homescan sell for around list price and go pending in around 19 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 49 days.
- Hot homescan sell for around list price and go pending in around 26 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 47 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 | Mar '24 - May '24 | ||
1 | 2,554 | ||
2 | 793 | ||
3 | 552 | ||
4 | 405 | ||
5 | 344 | ||
6 | 341 | ||
7 | 298 | ||
8 | 246 | ||
9 | 230 | ||
10 | 145 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 200 | ||
2 | 183 | ||
3 | 92 | ||
4 | 87 | ||
5 | 59 | ||
6 | 57 | ||
7 | 54 | ||
8 | 51 | ||
9 | 50 | ||
10 | 46 |
Home offer insights for Franklin
Recent offers
View houses in Franklin that sold recently
Recently sold homes
- $959,900 Last Sold Price2 beds3.5 baths2,319 sq ft4000 Edwin Rd, Franklin, TN 37064List Price$959,900Sale to List0% over listDays on Market—4000 Edwin Rd, Franklin, TN 37064
- $740,000 Last Sold Price4 beds2.5 baths2,555 sq ft3115 Millbank Ln, Franklin, TN 37064List Price$719,900Sale to List3% over listDays on Market—3115 Millbank Ln, Franklin, TN 37064
- $2,080,000 Last Sold Price5 beds6 baths5,773 sq ft104 Earlham Ct, Franklin, TN 37067List Price$2,799,999Sale to List26% under listDays on Market—104 Earlham Ct, Franklin, TN 37067
- $677,952 Last Sold Price3 beds2.5 baths2,171 sq ft2085 Braidwood Ln N, Franklin, TN 37064List Price$706,142Sale to List4% under listDays on Market—2085 Braidwood Ln N, Franklin, TN 37064
- $1,075,000 Last Sold Price5 beds4 baths3,317 sq ft122 Obree Ct, Franklin, TN 37064List Price$1,075,000Sale to List0% over listDays on Market—122 Obree Ct, Franklin, TN 37064
- $395,000 Last Sold Price3 beds2.5 baths1,424 sq ft1101 Downs Blvd #121, Franklin, TN 37064List Price$395,000Sale to List0% over listDays on Market—1101 Downs Blvd #121, Franklin, TN 37064
- $884,867 Last Sold Price5 beds4 baths3,136 sq ft1001 Braidwood Ln N, Franklin, TN 37064List Price$865,940Sale to List2% over listDays on Market—1001 Braidwood Ln N, Franklin, TN 37064
- $439,900 Last Sold Price2 beds1 bath1,041 sq ft1134 Mulberry St, Franklin, TN 37064List Price$439,900Sale to List0% over listDays on Market—1134 Mulberry St, 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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