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Franklin, IN 46131 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Franklin, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 4444PendingPending sales: 77
Franklin, IN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $287k$287kSoldMedian sold price (last 6 months): $311k$311k
What homes actually sell for in Franklin, IN
Distribution of 296 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $255k to $390k
$180k to $231k: 31 sales$180k$231k to $282k: 67 sales$282k to $334k: 70 sales70sales$282k$334k to $385k: 39 sales$385k to $436k: 33 sales$385k$436k to $488k: 16 sales$488k to $539k: 6 sales$488k$539k to $590k: 5 salesMedian $311k

What the numbers say

As of October 5, 2026, Resideline is tracking 44 active listings and 7 pending sales in ZIP code 46131. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $287,450, while the median of the 296 closed sales Resideline tracked over the last six months was $311,435. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 46131 for 61 days.

Frequently asked questions

What is the median home price in 46131?

The median closed sale price in Franklin, IN 46131 was $311,435 over the last six months, based on 296 closed sales tracked by Resideline. The middle half of those sales ranged from $255,000 to $390,000.

Is 46131 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 44 active listings in 46131, a pending-to-active ratio of 0.16. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 46131 currently looks like a balanced market.

Nearby ZIP code market data

Full Franklin, IN housing market report →

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