$10,000 Closing Credit*
$949,900
3,171 SqFt
4 Beds
•3 Full Baths, 1 Partial
Simon Hartland, Listing Office: eXp Realty
Is Franklin, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Franklin has remained a Seller's Market.
Key Takeaway
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin, TN
How much do homes in Franklin, TN cost?
Median Sold Price
$898,078
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,257(+6.1%)
Key Takeaway
Homes in Franklin have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Franklin was $898,078 in November 2024, up 6.1% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $259.9K | -7.2% |
| 2 Bedrooms | $432K | $483K | +11.8% |
| 3 Bedrooms | $663.6K | $674.9K | +1.7% |
| 4 Bedrooms | $952.9K | $1.0M | +6.7% |
| 5+ Bedrooms | $1.3M | $1.4M | +9.0% |
Summary: Franklin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $1.0M | $1.1M | +10.9% |
| Franklin | $846.8K | $898K | +6.1% |
Housing Supply in Franklin, TN
How many homes are available in Franklin, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 739 | 741 | 0.3% |
Summary: The Franklin real estate market had 741 homes for sale in November 2024, a 0.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 80 | 81 | +1.3% |
| 3 Bedrooms | 226 | 237 | +4.9% |
| 4 Bedrooms | 255 | 246 | -3.5% |
| 5+ Bedrooms | 167 | 162 | -3.0% |
Summary: The Franklin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 139 | +3.7% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 139 homes were sold or pending in Franklin in November 2024, up by 3.7% month-over-month. Of the 139 sold homes, 63% were sold under asking, 23% were sold at asking, and 14% were sold over asking.
Days on Market for Franklin, TN
How long does it take to sell a home in Franklin, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 43 Days | +103.6% |
Summary: Homes in Franklin had an average of 43 days on market in Nov 2024, up by 103.6% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 139 homes were sold in Franklin; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.