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 $321, up 2.9% 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
- $405,000 Last Sold Price3 beds2 baths1,665 sq ft2809 Kennedy Ct, Franklin, TN 37064List Price$405,000Sale to List0% over listDays on Market—2809 Kennedy Ct, Franklin, TN 37064
- $703,500 Last Sold Price5 beds2.5 baths2,370 sq ft308 Millhouse Dr, Franklin, TN 37064List Price$715,000Sale to List2% under listDays on Market—308 Millhouse Dr, Franklin, TN 37064
- $1,895,000 Last Sold Price3 beds2.5 baths3,412 sq ft1126 Beechs Tavern Trl, Franklin, TN 37069List Price$1,895,000Sale to List0% over listDays on Market—1126 Beechs Tavern Trl, Franklin, TN 37069
- $663,000 Last Sold Price3 beds2.5 baths2,606 sq ft1128 Culpepper Cir, Franklin, TN 37064List Price$674,900Sale to List2% under listDays on Market—1128 Culpepper Cir, Franklin, TN 37064
- $515,000 Last Sold Price3 beds2 baths1,368 sq ft1417 Wildwood Ct, Franklin, TN 37064List Price$525,000Sale to List2% under listDays on Market—1417 Wildwood Ct, Franklin, TN 37064
- $675,000 Last Sold Price—beds—baths—sq ft0 Natchez Trace Pkwy, Franklin, TN 37064List Price$675,000Sale to List0% over listDays on Market—0 Natchez Trace Pkwy, Franklin, TN 37064
- $1,404,820 Last Sold Price5 beds6 baths4,364 sq ft7056 Starnes Creek Blvd, Franklin, TN 37064List Price$1,399,900Sale to List0% over listDays on Market—7056 Starnes Creek Blvd, Franklin, TN 37064
- $1,060,000 Last Sold Price3 beds2.5 baths2,368 sq ft4026 Camberley St, Franklin, TN 37064List Price$1,070,000Sale to List1% under listDays on Market—4026 Camberley 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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