Franklin, IN Home Values & Market Trends

Real estate market trends reflect that there have been 883 transactions over the past year in Franklin. The median value for residential home transactions that occurred over the previous year is $244,491.12. The number of current listings in Franklin is 14, and the percentage of properties for sale in the city is 14.00%. Franklin, IN currently has 26 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 14 properties for sale.

Franklin, IN Real Estate Market Overview

ZipMedian Est. Value
46131

$ 317,374

$ 185/sqft

Housing Market Summary for Franklin, IN

Mar 2023February 2024Change
Median Listing Price$244.9K$240K-2.02%
Median Sold Price$247.7K$240K-3.10%
Homes For Sale2416-33.33%
Homes Sold339267-21.24%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Franklin, IN

Franklin home values range from $30,153 to $14,038,566. The median estimated value of a home in Franklin is $244,491.12. The median list price of a home is 312,450, and the total count of properties in the city is 10,333.

Foreclosure
There is 1 zips within Franklin, IN; within this zips, the median estimated home value for homes in foreclosure ranges from $435,127 in 46131 to the lowest value of $124,925 in 46131. Foreclosure homes account for 0.00% of properties in Franklin, IN with 46131 containing 26 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.22% of all residential properties in Franklin, IN with 46131 containing 23 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin, IN; of that zips, the estimated home value for pre-foreclosure homes ranges from $435,127 in 46131 to the lowest home value of $124,925 in 46131.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Franklin, IN ranges from the highest value of $225,463 in 46131 to the lowest value of $225,463 in 46131. Bank owned homes and properties account for 0.01% of properties in Franklin, IN. There is 1 zips within Franklin, IN; 46131 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    46131 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin, IN. Auction homes and other auction properties account for 0.02% of all properties in Franklin, IN. There is 1 zips within Franklin, IN; of that zips, the median estimated home value for homes going to auction ranges from $387,374 in 46131 to the lowest value of $259,361 in 46131.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.14% of residential properties in Franklin, IN with 46131 containing 14 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Franklin, IN; homes for sale in that zips, have a range of median values from $477,026 in 46131 to the lowest value of $200,992 in 46131.
    Sold Homes
    The median value for recently sold homes ranges from $2,100,420 in 46131 to the lowest price of $35,007 in 46131. There is 1 zips within Franklin, IN. 46131 has 264 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.55% of properties in Franklin, IN.

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      Guide for Franklin, IN

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      The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.

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      The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.

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      We list the key factors and strategies to consider when deciding which real estate market to invest in.

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      Recently Listed Homes Franklin, IN

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