Is Franklin a buyer's or seller's market right now?

Franklin is currently a seller's market with 1.5 months of supply. 8.3% of homes sell above asking price, and 17.2% go pending within two weeks. The Ridley Sell Score for Franklin is 44/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Franklin?

The median home price in Franklin is $297,500, down 3.9% year-over-year. The median price per square foot is $148. Homes sell in a median of 51 days with a sale-to-list ratio of 97.2%.

How much does it cost to sell a home in Franklin, Indiana?

On a $297,500 home in Franklin, a traditional listing agent charges around $8,925 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $23,800 or more. With Ridley Essentials ($999) you save $7,926, and with Ridley Pro ($3,499) you save $5,426 while getting full agent support.

How does Ridley's flat fee compare to a traditional Franklin agent?

A traditional Franklin listing agent typically charges 3% of the sale price — about $8,925 on a $297,500 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $7,926–$5,426 compared to a traditional agent.

How long does it take to sell a home in Franklin?

The median home in Franklin currently spends 51 days on the market before going under contract. 17.2% of homes go pending within two weeks. At a 97.2% sale-to-list ratio, sellers are seeing some negotiation. Only 34% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Indiana?

No. Indiana does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $297,500 home, that could save you up to $5,426.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Indiana. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $8,925 commission.

National/Indiana

Franklin, IN

Is Now a Good Time to Sell in Franklin, Indiana?

The median home in Franklin sells for $297,500 with prices down 3.9% year-over-year. The average seller pays $8,925 in commissions — Ridley’s flat fee saves you $5,426.

Franklin Real Estate Market Conditions — March 2026

44out of 100

Ridley Sell Score

How it's scored →

Cooling

44/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Franklin market is cooling, and sellers need to be strategic. Price drops are common, so pricing accurately from the start is critical. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors sellers

1.5 months of supply — well below the 5-month balanced threshold — 53% below the Indiana average of 3.2.

Price MomentumFavors buyers

Prices down 3.9% year-over-year — vs. +8.2% statewide.

Seller LeverageFavors buyers

Homes selling at 97.2% of asking — buyers are negotiating 2.8% below list. Indiana average is 97%.

Bidding ActivityFavors buyers

8.3% of homes selling above list price — 37% below the Indiana average of 13.2%.

Sale SpeedFavors sellers

51 median days on market — 6 days faster than the Indiana average.

Market UrgencyFavors buyers

17.2% of listings go pending within 2 weeks — vs. 25.9% statewide.

Price StabilityFavors buyers

34% of listings have dropped their price — accurate initial pricing is critical. Indiana average is 31.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$297,500

-3.9%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$148

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

97.2%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

1.5

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

8.3%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

34%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

17.2%

Slower pace

12-Month Price Trend

$304,950 → $297,500

▼2.4%

$320K$300K$280K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Franklin — delivered monthly.

Your savings

How much can you save selling your home in Franklin?

The average Franklin homeowner saves $5,426 by selling with Ridley instead of paying the traditional 3% listing commission on a $297,500 home.

$0Estimated savings

That's 6 months of groceries — save 1.8% of your home value

Your Franklin home value

$297,500

$50,000$10M

Traditional Agent (3%)

$8,925

Ridley Pro (flat fee)

$3,499

Ready to sell in Franklin?

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Cost comparison

How much does it cost to sell a house in Franklin?

The total cost to sell a house in Franklin in 2026 ranges from $999 with Ridley Essentials to approximately $8,925 with a traditional 3% commission on a $297,500 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$8,925	$3,499	$999	$0
Buyer agent	$8,3302.8% avg	$5,950~2% avg	$5,950~2% avg	$8,3302.8% avg
Closing costs (~1.5%)	$4,463	$4,463	$4,463	$4,463
Total cost	$21,718	$13,912	$11,412	$12,793
Net proceeds	$275,782	$283,588	$286,088	$284,707
You save	—	$5,426	$7,926	$8,925No support