Unshakable ZIP Data 46131 | Franklin, IN Housing Market
Franklin · Johnson County · Indianapolis-Carmel-Anderson, IN metro · Indiana · Data updated June 19, 2026
The median sale price in ZIP 46131, Franklin, Indiana is $299,661 at $170 per square foot. 125 single-family homes sold in the latest period, up 7.4 percent from a year earlier. Homes sit a median of 29 days on market with 2.1 months of supply. Sellers are getting 98.2 percent of list price and 16.5 percent of homes sold above asking.
Seller's market. No room for sloppy offers.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $285,575 | |
| Average price per sq ft | $162 | |
| Median sale price | $299,661 | |
| Median sale price per sq ft | $170 | |
| Median home size | 1,767 sq ft | |
| Median new listing price | $322,245 | +7.5% |
| National size rank | 2,485 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 125 | +7.4% |
| Median days on market | 29 days | |
| Months of supply | 2.1 months | |
| New listings | 167 | +19.8% |
| Active listings | 238 | +24.6% |
| Pending sales | 163 | +24.6% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 98.2% | -0.1 pts |
| Share sold above list | 16.5% | -0.7 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
1-bedroom
$158,165
2-bedroom
$207,454
3-bedroom
$273,221
4-bedroom
$342,209
5-bedroom
$394,218
These figures describe the single-family market for Franklin, Indiana ZIP 46131. They are market context, not a substitute for sold comps or a formal appraisal.