Photo: User:Mingusboodle · Public domain422 homes sold in Franklin in the last year, at a typical $298K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Franklin homes are listed.
Every place Franklin homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Franklin.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Franklin’s sales, at a typical $298K
422 homes sold in the year to May 2026.
typical sale · 410 sold in 12 months
- Per square foot
- $160IN $148
- Days to sell
- 31
- Sold over asking
- 15%
- Listings with a price cut
- 42%
Multi-family (2–4 units): 6 sold, typical $291K
Townhouses: 1 sold, typical $670K
Condos: 5 sold, typical $304K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.5 times the 2016 price
422 sales in the last year, against 494 in 2021 and a low of 347 in 2012. The typical sale went from $121K in 2016 to $298K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Franklin
Check a listing against what Franklin homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Franklin are back to pre-pandemic levels, and more homes are for sale
We read every month of Franklin’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 422 sales.
If you’re buying in Franklin
- Shop in August. It brings about 47 new listings a month, close to the busiest month, with fewer bidding wars (25% over asking).
- You can negotiate. 41% of listings have cut their price, against 36% before the pandemic.
- Bid near asking. Buyers paid 98% of the list price on average; 15% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 30 days.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 47 a month), but April is the most competitive: 29% of April sales close over asking. January has the least competition (15%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Indiana as a whole
| Franklin now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 15% | 17% | 49% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 49% | 69% | 37% |
| Listings with a price cutShare of homes for sale that cut their price | 41% | 36% | 26% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 98% | 97.9% | 100.8% | 97.7% |
| Days to sellMedian days from listing to contract | 30 | 23 | 4 | 35 |
72 homes for sale on a typical day
That’s 3.2 times the 2021 low (23), 32% more than in 2017–19 and well under 2013’s 171.
1 in 2 listings has cut its price
41% in the last year, against 36% in 2017–19 and 33% across Indiana.
Since 2019, houses are up 87%, condos 40%
A house typically sold for $298K in the last year (410 sales), a condo for $304K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Franklin ranks 95th of 132 busy Indiana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Franklin is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Franklin home costs about $1,749 a month
Price: Franklin’s typical sale, last 12 months. Property tax at Franklin’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Franklin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 21.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $298K home, about $2,330 a year.
Taxes vs. neighborsSchools
The schools grade for Franklin, from test results, graduation and how much students grow.
Schools in FranklinTypical commute
The average one-way trip to work for people who live in Franklin.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Franklin, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Greenwood | 879 | $303K | $158 | 12% | 30 |
| Franklin | 422 | $298K | $160 | 15% | 30 |
| Bargersville | 256 | $421K | $162 | 9% | 56 |
| Whiteland | 118 | $301K | $160 | 19% | 59 |
| New Whiteland | 90 | $244K | $170 | 19% | 45 |
| Trafalgar | 36 | $299K | $162 | 22% | 62 |
| Prince's Lakes | 36 | $302K | $185 | 11% | 58 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Franklin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin. People who follow the town see it, and so do people comparing Franklin with their own town. No commission, no listing fee.
Questions about buying a home in Franklin
What do homes sell for in Franklin, IN?
422 homes sold in the year to May 2026 at a typical $298K, $160 a square foot.
Is Franklin a buyer’s or seller’s market?
A seller’s market: 64 homes were for sale in May 2026 and 41 sold, about 1.6 months of supply. Buyers paid 98% of asking on average, and 41% of listings cut their price.
When is the best time to buy in Franklin?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Franklin?
About 0.8% of a home’s value a year. On a $298K home that’s near $2,330.
Where can I see homes for sale in Franklin?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin’s MLS listings; the search links above open each one filtered to Franklin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).