46131 Home Values & Market Trends

There are 14 homes currently listed for 46131. 46131 real estate market trends show that home prices range from $115,000 to $929,800, and the median sales price in the 46131 zip code is $244,499.87. The total number of properties sold within the past twelve months is 883. In 46131, 26 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.

46131 Real Estate Market Overview

CityMedian Est. Value
Franklin

$ 317,374

$ 185/sqft

Housing Market Summary for 46131

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 46131

The median list price of a home in Franklin, is $244,499.87. A total of 14 properties are for sale, and the percentage of properties for sale in the zip code is 14.00%. The total count of 46131 properties is 10,333.

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

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      Guide for 46131

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      Indianapolis Property Values on the Rise: A One-Year Lookback Of Market Growth
      Market Reports|posted 28 February 2024

      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.

      Fort Wayne Real Estate Property Values Increase in 2023
      Market Reports|posted 14 February 2024

      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.

      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.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Recently Listed Homes 46131

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