Franklin Real Estate Market Update – April 2025

The Franklin single-family home market remained strong this April, with buyer demand holding steady and pricing reaching new highs. While inventory is on the rise and homes are taking longer to sell, median home prices are outperforming both last year and long-term seasonal averages. The result: a market that is more balanced, yet still rewarding well-positioned sellers.

Market Trends (April 2025 vs. April 2024):

• 🏡 New Listings: Down 9.8% (267 vs. 296) – fewer sellers entered the market this spring.

• 🛒 New Under Contracts: Rose 8.9%, showing continued buyer engagement.

• 📈 Active Inventory: Jumped 20.5%, giving buyers more to choose from.

• 🔻 Closings: Down slightly by 4.7%, signaling a slower pace of completed transactions.

• 💲 Average Sale Price: Increased 3.5% to $1,289,284.

• 💰 Median Sale Price: Climbed 9.9% to $1,082,495 — the highest April median in three years.

Seasonal Price Perspective:

Franklin typically sees median prices peak in April through July, and this year is no exception. Let’s look at the last three Aprils:

• April 2022: $1,050,000

• April 2023: $1,006,950

• April 2024: $975,000

• April 2025: $1,082,495 ✅

This year’s median sets a new April record, outperforming both pandemic-era peaks and recent seasonal highs—signaling continued upward momentum in home values despite longer market times and shifting conditions.

Time on Market & Supply Trends:

• 🕒 Days on Market (DOM) rose from 24 to 31.

• ⏳ List to Contract averaged 41 days (up slightly from 40).

• ⚡ Contract to Close improved significantly, dropping from 58 to 44 days.

• 📦 Months of Supply increased from 2.76 to 3.62, signaling a shift toward a more balanced market.

What This Means for Buyers:

✅ More Inventory, Less Pressure – With more homes on the market and longer DOM, buyers have more flexibility and negotiating power.
📈 Pricing Is Up—but Stable – Acting now could help buyers lock in before summer demand pushes values even higher.

What This Means for Sellers:

🏠 Demand Is Still There – Under contracts are up, and April delivered record-setting median pricing.
⏳ Expect a Longer Market Time – Buyers are taking more time, so setting the right price and making a strong first impression is key.
🚀 Faster Closings – Once a deal is struck, closings are happening more quickly than this time last year.

📌 This report offers a snapshot of the Franklin market, but every home and neighborhood tells its own story. Let’s talk about how current trends align with your goals for 2025—whether you're planning to buy, sell, or just keep an eye on the market.