Real Estate Market Report Franklin TN March 2014
Real estate market data for single family homes in Franklin, TN provided by Jill Winchel of SilverPointe Properties. 
| March 2013 | March 2014 | |
| Total Sold | 155 | 150 |
| AVG DOM | 78 | 71 |
| AVG List Price | $434,088 | $481,066 |
| AVG Sale Price | $422,869 | $471,387 |
| % of SP to LP | 97% | 98% |
Market Report Franklin TN March 2014 Summary
Although the number of homes sold and days on market numbers are very similar year to year, there is almost a $50,000 increase in the average list price and average sold price. Franklin is in a seller’s market and home prices are continuing to increase. Homes are selling for very close to their list price so that is a good sign for sellers. The market has been gradually improving throughout 2013 and will hopefully continue the trend in 2014.
The home with the lowest sales price ($53,500) sold in March 2013 was a fixer upper located in downtown Franklin and the highest sale ($1,131,200) was located in Laurelbrooke.
The home with the lowest sales price ($112,000) sold in March 2014 was located in Cadet Homes and the highest sale ($1,825,000) was located in Laurelbrooke.
There are currently 696 single family homes on the market in Franklin, Williamson County; 50 more than last month at this same time. The average list price today is $822,735. See more details for the Franklin housing market by zip code.
| Active 696 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 896 | 0 | 0 | 0 | $68,000 | $0 | 1 |
| AVG | 3,924 | 3.98 | 3.18 | 0.91 | $822,735 | $0 | 77 |
| MEDIAN | 3,483 | 4 | 3 | 1 | $531,676 | $0 | 41 |
| MAX | 20,430 | 9 | 11 | 6 | $20,000,000 | $0 | 1,301 |
Incidentally, the $20 mil listing (max above) is a historic home in need of restoration on 753 acres that has been on the market for 291 days.
View previous Market Reports for Franklin TN:
Visit my website to search for homes for sale in Franklin or to be notified when Franklin homes come on the market. To find out what your home is worth in the current market email me or call 615-504-1185.
You may want to check out these current Franklin listings with a scheduled Open House.
Market Report Franklin TN March 2014
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