Franklin, TN Housing Market
The Franklin housing market is somewhat competitive. Homes in Franklin receive 2 offers on average and sell in around 48 days. The median sale price of a home in Franklin was $750K last month, down 0.79% since last year. The median sale price per square foot in Franklin is $319, up 1.9% since last year.
Franklin Housing Market Trends
In March 2024, Franklin home prices were down 0.79% compared to last year, selling for a median price of $750K. On average, homes in Franklin sell after 48 days on the market compared to 54 days last year. There were 111 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 44 days.
- Hot homescan sell for around list price and go pending in around 22 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 58 days.
- Hot homescan sell for around list price and go pending in around 29 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 60 days.
- Hot homescan sell for around list price and go pending in around 26 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
- $1,295,000 Last Sold Price—beds—baths—sq ft1 Wilson Pike, Franklin, TN 37064List Price$1,412,000Sale to List8% under listDays on Market—1 Wilson Pike, Franklin, TN 37064
- $910,000 Last Sold Price4 beds3 baths2,137 sq ft408 Roberts St, Franklin, TN 37064List Price$999,990Sale to List9% under listDays on Market—408 Roberts St, Franklin, TN 37064
- $360,000 Last Sold Price3 beds2.5 baths1,408 sq ft1011 Murfreesboro Rd Unit D3, Franklin, TN 37064List Price$360,000Sale to List0% over listDays on Market—1011 Murfreesboro Rd Unit D3, Franklin, TN 37064
- $2,160,250 Last Sold Price5 beds6 baths5,273 sq ft295 Gillette Dr, Franklin, TN 37069List Price$2,100,000Sale to List3% over listDays on Market—295 Gillette Dr, Franklin, TN 37069
- $1,167,700 Last Sold Price3 beds3.5 baths2,495 sq ft7031 Bolton Street Lot# 2550, Franklin, TN 37064List Price$1,167,700Sale to List0% over listDays on Market—7031 Bolton Street Lot# 2550, Franklin, TN 37064
- $397,500 Last Sold Price3 beds2 baths1,445 sq ft1101 Downs Blvd #255, Franklin, TN 37064List Price$402,500Sale to List1% under listDays on Market—1101 Downs Blvd #255, Franklin, TN 37064
- $1,350,000 Last Sold Price4 beds3.5 baths3,556 sq ft704 Pearre Springs Way, Franklin, TN 37064List Price$1,499,999Sale to List10% under listDays on Market—704 Pearre Springs Way, Franklin, TN 37064
- $792,500 Last Sold Price3 beds2.5 baths2,358 sq ft520 Caselton Ct, Franklin, TN 37069List Price$799,000Sale to List1% under listDays on Market—520 Caselton Ct, Franklin, TN 37069
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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