Franklin, IN 46131 Housing Market
- Active listings38currently for sale
- Pending sales3under contract
- Median asking price$319,000current listings
- Listing age82 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)287a tracked sample, not a market total
- Median sold price$315,000last 6 months
- Middle half of sold prices$260k to $395k25th to 75th percentile
What the numbers say
As of October 26, 2026, Resideline is tracking 38 active listings and 3 pending sales in ZIP code 46131. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.
The median asking price of current listings is $319,000, while the median of the 287 closed sales Resideline tracked over the last six months was $315,000. 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 82 days.
Frequently asked questions
What is the median home price in 46131?
The median closed sale price in Franklin, IN 46131 was $315,000 over the last six months, based on 287 closed sales tracked by Resideline. The middle half of those sales ranged from $260,000 to $394,900.
Is 46131 a buyer's or seller's market?
Resideline is currently tracking 3 pending sales against 38 active listings in 46131, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 46131 is currently a typical-pace market.
Nearby ZIP code market data
- 46074 Westfield, IN
- 46143 Greenwood, IN
- 46062 Noblesville, IN
- 47906 West Lafayette, IN
- 47130 Jeffersonville, IN
- 46032 Carmel, IN
- 47304 Muncie, IN
- 47374 Richmond, IN
- 47401 Bloomington, IN
- 47403 Bloomington, IN
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