Franklin, TN Home Values & Market Trends

Real estate market trends reflect that there have been 2,012 transactions over the past year in Franklin. The median value for residential home transactions that occurred over the previous year is $802,513.98. The number of current listings in Franklin is 118, and the percentage of properties for sale in the city is 118.00%. Franklin, TN currently has 4 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 118 properties for sale.

Franklin, TN Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
37064

$ 895,559

$ 317/sqft

37069

$ 856,470

$ 304/sqft

37067

$ 969,661

$ 319/sqft

Housing Market Summary for Franklin, TN

Mar 2023February 2024Change
Median Listing Price$759.9K$799K5.15%
Median Sold Price$801.6K$799K-0.33%
Homes For Sale117115-1.71%
Homes Sold1,1461,28311.95%
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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, TN

Franklin home values range from $47,070 to $72,487,034. The median estimated value of a home in Franklin is $802,513.98. The median list price of a home is 799,900, and the total count of properties in the city is 38,856.

Foreclosure
There are 3 zips within Franklin, TN; within these zips, the median estimated home value for homes in foreclosure ranges from $1,002,308 in 37064 to the lowest value of $422,705 in 37064. Foreclosure homes account for 0.00% of properties in Franklin, TN with 37067 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Franklin, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Franklin, TN; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Franklin, TN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Franklin, TN. There are 3 zips within Franklin, TN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    37067 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin, TN. Auction homes and other auction properties account for 0.01% of all properties in Franklin, TN. There are 3 zips within Franklin, TN; of those zips, the median estimated home value for homes going to auction ranges from $1,002,308 in 37067 to the lowest value of $422,705 in 37067.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.30% of residential properties in Franklin, TN with 37064 containing 69 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Franklin, TN; homes for sale in those zips, have a range of median values from $3,729,515 in 37067 to the lowest value of $287,052 in 37064.
    Sold Homes
    The median value for recently sold homes ranges from $8,780,000 in 37069 to the lowest price of $148,652 in 37069. There are 3 zips within Franklin, TN. 37064 has 843 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.26% of properties in Franklin, TN.

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      Guide for Franklin, TN

      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      Buy to Rent
      How To Choose The Right Property Management Tool
      See More Articles
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws

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

      Buying your first home is an exciting and significant milestone in life. It’s a decision that requires careful consideration, especially when it comes to finances. Understanding how much you should spend on your first home is crucial to ensure a smooth and stress-free buying process. In this article, we will explore the basics of home […]

      How To Choose The Right Property Management Tool
      Buy to Rent|posted 5 March 2024

      Learn how to select the perfect property management tool for your real estate business.

      Recently Listed Homes Franklin, TN

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