New - 5 hours on Rocket
$8,905 Closing Credit¹
Susan Baker, Broker, Listing Office: BHGRE Baker & Cole
Franklin County Housing Market Report December 2024•Franklin County, Tennessee
Housing Prices in Franklin County, TN
How much do homes in Franklin County, TN cost?
Housing Market Conditions
Is Franklin County, TN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Franklin County is a Buyer's Market
Difference Since December 2023
At the same time last year, Franklin County was a Neutral Market.
Insight
Franklin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$313,656$188/SqFt
+$18,849
+6.4%
Based on all homes sold in the last 12 months
Insight
Homes in Franklin County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Franklin County was $313,656 in December 2024, up 6.4% from last year, and the median price per square foot was $188.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Coffee County | $293.7K | $312.9K | +6.5% |
| Franklin County | $294.8K | $313.6K | +6.4% |
| Grundy County | $288.7K | $293.5K | +1.6% |
| Lincoln County | $250.3K | $250K | -0.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $125.4K | $231K | +84.1% |
| 22 Bedrooms | $190.5K | $222.4K | +16.8% |
| 33 Bedrooms | $285K | $290.4K | +1.9% |
| 44 Bedrooms | $515K | $530K | +2.9% |
| 55+ Bedrooms | $571.5K | $633.6K | +10.9% |
Summary: Franklin County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +84.1%. The home price for 2 bedroom homes increased by +16.8%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +2.9%. The home price for 5 bedroom homes increased by +10.9%.
Housing supply in Franklin County, TN
How many homes are available in Franklin County, TN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 307Last MonthDec 2024 | ||
| 3072 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Summary: The Franklin County real estate market had 307 homes for sale in Dec 2024, the same as Nov 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 40Last MonthDec 2024 | ||
| 402 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 3 | -25.0% |
| 22 Bedrooms | 24 | 24 | 0.0% |
| 33 Bedrooms | 173 | 175 | +1.2% |
| 44 Bedrooms | 76 | 73 | -3.9% |
| 55+ Bedrooms | 30 | 32 | +6.7% |
Summary: Franklin County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +1.2%. The inventory for 4 bedroom homes decreased by -3.9%. The inventory for 5 bedroom homes increased by +6.7%.
Asking Price vs. Sold Price
How much do homes in Franklin County, TN cost?
Over Asking Price5 Homes
At Asking Price9 Homes
Under Asking Price24 Homes
Insight
If you're buying a home in Franklin County, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Franklin County in December 2024, the same as the previous month. Of the 38 sold homes, 63% were sold under asking, 24% were sold at asking, and and 13% were sold over asking.
Days on Market for Franklin County, TN
How long does it take to sell a home in Franklin County, TN?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days18 Homes
Over 90 Days8 Homes
Insight
Avg time on Rocket Homes in Franklin County has remained consistent over time.
Summary: During December 2024, 40 homes were sold in Franklin County; 33% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 55 DaysThis YearDec 2024 | ||
| 47 Days1 year agoDec 2023 | +18.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Franklin County had an average listing age of 55 days in Dec 2024, up by 18.0% compared to the previous year.
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Newest Listings in Franklin County, TN
What homes are available in Franklin County, TN?
New - 9 hours on Rocket
$4,691 Closing Credit¹
Lauren Bailey, Listing Office: Swaffords Property Shop
New - 9 hours on Rocket
$4,382 Closing Credit¹
Thomas Ore, Listing Office: Winton Auction & Realty Co.
New - 9 hours on Rocket
$7,707 Closing Credit¹
Angela (Angie) Miller, Listing Office: John Smith Jr Realty and Auction LLC
New - 13 hours on Rocket
$2,375 Closing Credit¹
Dawn Parrish, Listing Office: Leading Edge Real Estate Group
New - 1 day on Rocket
Sam Hatfield, Listing Office: Sam Hatfield Realty, Inc.
Coming soon
$3,432 Closing Credit¹
Tara Groce, Listing Office: EXIT Noble Realty Group
New - 1 day on Rocket
$3,739 Closing Credit¹
Kay Caldwell, Listing Office: Swaffords Property Shop
New - 1 day on Rocket
$3,561 Closing Credit¹
Victoria Monilaw, Listing Office: Advantage Realty Partners
New - 1 day on Rocket
Beatrice O. Salako, Listing Office: USRealty.com, LLP
New - 1 day on Rocket
$7,302 Closing Credit¹
Natalie L Marty, Listing Office: Harton Realty Company
New - 2 days on Rocket
$5,522 Closing Credit¹
Susan Bryant, Listing Office: Keller Williams Realty Nashville/Franklin
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MLS Disclaimers and Copyright
Based on information from RealTracs Middle Tennessee Regional MLS, Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., ValleyMLS, Georgia MLS, and East Tennessee REALTORS® MLS for the period 01/01/2023 - 01/01/2025
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2025 of the REALTRACS MLS. All rights Reserved. The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:18:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2025 Valley MLS, Inc.
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Georgia MLS © 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.