Stephanie & James Crawford

Franklin, TN

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Franklin, TN

Sun Jul 21 2019
This week the median list price for Franklin, TN is $674,950 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 492. Click here to stay informed with the Franklin market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Franklin, TN

Sun Jul 21 2019
This week the median list price for Franklin, TN is $674,950 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 492. Click here to stay informed with the Franklin market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Franklin market.
Median List Price $674,950
Per Square Foot $203
Days on Market 103
Price Decreased 47%
Price Increased 7%
Relisted 26%
Inventory 492
Median House Rent $2,300
Most Expensive $18,500,000
Least Expensive $169,900
Market Action Index
Slight Seller's Advantage
38

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,699,950 5,737 2.5 - 5 acres 5 6 14 8 5 167
$794,900 4,018 0.25 - 0.5 acre 4 4 11 16 11 100
$589,900 3,122 0.25 - 0.5 acre 4 4 8 13 14 76
$419,900 2,097 8,000 - 10,000 sqft 3 3 23 21 22 68