Mitch's Weekly Market Report
Franklin, IN 46131
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Franklin, IN 46131
Sat May 23 2026
This week the median list price for Franklin, IN 46131 is $367,950 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 68.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $367,950 | |
| Median Price of New Listings | $339,900 | |
| Per Square Foot | $174 | |
| Average Days on Market | 39 | |
| Median Days on Market | 21 | |
| Price Decreased | 43% | |
| Price Increased | 4% | |
| Relisted | 9% | |
| Inventory | 68 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $490,000 | 3,142 | 0.5 - 1 acre | 4 | 2.5 | 28 | 2 | 1 | 21 |
| $395,385 | 2,376 | 0.25 - 0.5 acre | 4 | 3 | 1 | 4 | 1 | 42 |
| $347,000 | 2,066 | 6,500 - 8,000 sqft | 4 | 2.5 | 19 | 6 | 3 | 35 |
| $259,000 | 1,503 | 6,500 - 8,000 sqft | 3 | 2 | 29 | 5 | 11 | 7 |