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 $317, up 1.3% 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 41 days.
- Hot homescan sell for around list price and go pending in around 20 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 52 days.
- Hot homescan sell for around list price and go pending in around 27 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 46 days.
- Hot homescan sell for around list price and go pending in around 22 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
- $740,000 Last Sold Price3 beds2.5 baths2,550 sq ft356 Irvine Ln, Franklin, TN 37064RedfinList Price$740,000Sale to List0% over listDays on Market—356 Irvine Ln, Franklin, TN 37064
- $1,340,000 Last Sold Price4 beds3.5 baths4,022 sq ft201 Winburn Ln, Franklin, TN 37069List Price$1,374,000Sale to List2% under listDays on Market—201 Winburn Ln, Franklin, TN 37069
- $670,000 Last Sold Price4 beds2.5 baths2,394 sq ft402 Sugartree Ln, Franklin, TN 37064List Price$695,000Sale to List4% under listDays on Market—402 Sugartree Ln, Franklin, TN 37064
- $627,500 Last Sold Price3 beds2.5 baths2,035 sq ft606 Vintage Green Ln, Franklin, TN 37064List Price$629,990Sale to List0% under listDays on Market—606 Vintage Green Ln, Franklin, TN 37064
- $2,837,500 Last Sold Price4 beds5.5 baths5,481 sq ft105 Treemont Ln, Franklin, TN 37069List Price$2,999,000Sale to List5% under listDays on Market—105 Treemont Ln, Franklin, TN 37069
- $749,900 Last Sold Price4 beds2.5 baths2,893 sq ft416 Ridgestone Dr, Franklin, TN 37064List Price$764,900Sale to List2% under listDays on Market—416 Ridgestone Dr, Franklin, TN 37064
- $699,900 Last Sold Price4 beds2.5 baths2,612 sq ft204 Lancelot Ln, Franklin, TN 37064List Price$699,900Sale to List0% over listDays on Market—204 Lancelot Ln, Franklin, TN 37064
- $840,000 Last Sold Price4 beds2.5 baths2,958 sq ft427 William Wallace Dr, Franklin, TN 37064List Price$850,000Sale to List1% under listDays on Market—427 William Wallace Dr, 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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