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FRANKLIN, IN 46131

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

Market Overview

Active Listings
96
⇧ 26.3% vs 76 last year
Pending
39
41% pending ratio
Median Price
$322,000
⇧ 5.6% vs $304,925 last year
Average Price
$355,006
⇩ 2.6% vs $364,545 last year
Days on Market
64
⇩ 13.5% vs 74 days last year

Market Context

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

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

Market Analysis

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

The FRANKLIN, IN real estate market (46131) currently shows 96 active listings, with 39 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are selling faster, averaging 64 days on market compared to 74 days last year.

The median listing price has risen 5.6% year-over-year, from $304,925 to $322,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 96 this year vs 76 last year
  • Days on market: 64 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $322,000 (+5.6% YoY)
  • Average: $355,006 (-2.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.5 miles — 1,071 listings ($361,244,731 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46131Franklin, IN 461310.0 mi96$34,080,576$322,000$355,006
46124Edinburgh, IN 461248.8 mi18$5,161,122$225,000$286,729
46110Boggstown, IN 461109.2 mi1$174,900$174,900$174,900
46143Greenwood, IN 461439.3 mi230$108,137,720$380,000$470,164
46142Greenwood, IN 4614212.5 mi77$26,783,988$334,900$347,844
47280Taylorsville, IN 4728013.1 mi3$560,850$186,950$186,950
46237Indianapolis, IN 4623714.0 mi161$50,410,871$275,000$313,111
46176Shelbyville, IN 4617614.8 mi95$26,555,350$259,900$279,530
46217Indianapolis, IN 4621716.0 mi103$30,839,127$265,000$299,409
46107Beech Grove, IN 4610717.1 mi47$9,838,275$210,000$209,325
46130Fountaintown, IN 4613017.8 mi8$2,746,880$298,900$343,360
46111Brooklyn, IN 4611118.0 mi3$479,850$159,950$159,950
46203Indianapolis, IN 4620318.5 mi229$65,475,222$229,900$285,918

Frequently Asked Questions

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

As of January 2026, there are 96 active listings in FRANKLIN, IN (zip code 46131), compared to 76 the prior year.

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

The median listing price in FRANKLIN, IN 46131 is $322,000 as of January 2026, a 5.6% increase from $304,925 the prior year.

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

Homes in FRANKLIN, IN 46131 spend an average of 64 days on the market before going under contract, compared to 74 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 January 2026, FRANKLIN, IN 46131 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are selling faster, averaging 64 days on market compared to 74 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 $6,440 compared to a typical 5% commission on the median listing price of $322,000. 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.