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FRANKLIN, IN 46131

Real Estate Market Report  ·  Johnson County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The FRANKLIN, IN real estate market (46131) currently shows 124 active listings, with 74 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 44 more homes available — giving buyers more choice.

Homes are selling faster, averaging 26 days on market compared to 31 days last year.

The median listing price has risen 6.7% year-over-year, from $323,225 to $344,925.

Whether you are buying or selling in FRANKLIN, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 34,801  ·  Density: 106.6/mi²  ·  Median household income: $79,234

Typical home value: $209,834  ·  Homeownership: 73.8%

Market Overview

Active Listings
124
⇧ 55% vs 80 last year
Pending
74
60% pending ratio
Median Price
$344,925
⇧ 6.7% vs $323,225 last year
Average Price
$368,257
⇩ 1.9% vs $375,349 last year
Days on Market
26
⇩ 16.1% vs 31 days last year

Price Per Square Foot

Median $/sqft
$178
⇩ 1.1% vs $180/sqft last year
Median Home Size
1,937 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 124 this year vs 80 last year
  • Days on market: 26 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $344,925 (+6.7% YoY)
  • Average: $368,257 (-1.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.4 miles — 1,092 listings ($370,692,671 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46131Franklin, IN 461310.0 mi87$30,462,789$326,175$350,147
46124Edinburgh, IN 461248.8 mi14$4,207,070$238,675$300,505
46110Boggstown, IN 461109.2 mi2$800,000$400,000$400,000
46143Greenwood, IN 461439.3 mi236$109,216,788$381,750$462,783
46142Greenwood, IN 4614212.5 mi79$27,651,580$339,450$350,020
47280Taylorsville, IN 4728013.1 mi3$560,850$186,950$186,950
46237Indianapolis, IN 4623714.0 mi158$47,383,252$270,000$299,894
46176Shelbyville, IN 4617614.8 mi89$25,451,330$274,973$285,970
46217Indianapolis, IN 4621716.0 mi103$29,687,587$268,175$288,229
47234Flat Rock, IN 4723416.1 mi10$2,631,390$262,450$263,139
46239Indianapolis, IN 4623917.5 mi157$52,557,791$312,950$334,763
46113Camby, IN 4611318.0 mi61$19,521,525$297,450$320,025
46221Indianapolis, IN 4622118.4 mi93$20,560,719$229,000$221,083

Frequently Asked Questions

How many homes are for sale in FRANKLIN, IN 46131?

As of April 2026, there are 124 active listings in FRANKLIN, IN (zip code 46131), compared to 80 the prior year.

What is the median home price in FRANKLIN, IN 46131?

The median listing price in FRANKLIN, IN 46131 is $344,925 as of April 2026, a 6.7% increase from $323,225 the prior year.

How long do homes stay on the market in FRANKLIN, IN?

Homes in FRANKLIN, IN 46131 spend an average of 26 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in FRANKLIN, IN 46131?

Based on current inventory and days-on-market data as of April 2026, FRANKLIN, IN 46131 is currently a Balanced Market. Inventory has increased compared to last year, with 44 more homes available — giving buyers more choice. Homes are selling faster, averaging 26 days on market compared to 31 days last year.

How much can I save on real estate commission in FRANKLIN, IN?

With SELL123.com's maximum 3% commission, sellers in FRANKLIN, IN 46131 save an estimated $6,899 compared to a typical 5% commission on the median listing price of $344,925. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.