Photo: Ichabod · CC BY-SA 3.01,596 homes sold in Franklin in the last year, at a typical $821K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Franklin homes are listed.
Every place Franklin homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Franklin.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
8% of Franklin’s sales are condos, at $477K less than a house
1217 houses and 133 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 1217 sold in 12 months
- Per square foot
- $339TN $209
- Days to sell
- 60
- Sold over asking
- 13%
- Listings with a price cut
- 24%
typical sale · 133 sold in 12 months
- Per square foot
- $337TN $262
- Days to sell
- 82
- Sold over asking
- 6%
- Listings with a price cut
- 15%
Multi-family (2–4 units): 1 sold, typical $649K
Townhouses: 245 sold, typical $596K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
1,596 sales in the last year, against 2,214 in 2020 and a low of 1,356 in 2023. The typical sale went from $426K in 2016 to $821K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $800K buys in Franklin
Check a listing against what Franklin homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Franklin are rarer than before the pandemic, but 20% fewer homes come up for sale
We read every month of Franklin’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,596 sales.
If you’re buying in Franklin
- Shop in July. It brings about 200 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 22% of listings have cut their price, against 13% before the pandemic.
- Offer under asking. Buyers paid 98% of the list price on average; 11% paid over.
- You’ll usually have time. Only 32% of homes go under contract within two weeks; the typical one takes 62 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 226 a month), but May is the most competitive: 34% of May sales close over asking. November has the least competition (23%) but only about 121 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Tennessee as a whole
| Franklin now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 11% | 26% | 59% | 14% |
| Gone within two weeksShare of homes under contract within 14 days | 32% | 43% | 76% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | 13% | 13% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 98% | 99.3% | 103.2% | 97.3% |
| Days to sellMedian days from listing to contract | 62 | 60 | 20 | 70 |
460 homes for sale on a typical day
That’s 3 times the 2021 low (154), 20% fewer than in 2017–19 and well under 2014’s 707.
1 in 4 listings has cut its price
22% in the last year, against 13% in 2017–19 and 25% across Tennessee. More sellers are pricing high and coming down.
Since 2019, houses are up 87%, condos 63%
A house typically sold for $958K in the last year (1217 sales), a condo for $481K (133).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Franklin ranks 84th of 108 busy Tennessee markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Franklin is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Franklin home costs about $4,576 a month
Price: Franklin’s typical sale, last 12 months. Property tax at Franklin’s 0.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Franklin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 88.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $821K home, about $3,500 a year.
Taxes vs. neighborsSchools
The schools grade for Franklin, from test results, graduation and how much students grow.
Schools in FranklinTypical commute
The average one-way trip to work for people who live in Franklin.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Thompson's Station, Nolensville and Spring Hill sell for less a square foot; Forest Hills and Oak Hill for far more
The busier markets within 25 miles of Franklin, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Franklin | 1,596 | $821K | $332 | 11% | 62 |
| Spring Hill | 1,188 | $537K | $238 | 15% | 73 |
| Brentwood | 708 | $1.4M | $344 | 12% | 70 |
| Nolensville | 288 | $959K | $304 | 11% | 84 |
| Thompson's Station | 259 | $897K | $306 | 17% | 89 |
| Oak Hill | 90 | $1.9M | $474 | 6% | 100 |
| Forest Hills | 86 | $2.4M | $469 | 6% | 87 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Franklin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin. People who follow the town see it, and so do people comparing Franklin with their own town. No commission, no listing fee.
Questions about buying a home in Franklin
What do homes sell for in Franklin, TN?
1,596 homes sold in the year to May 2026 at a typical $821K, $332 a square foot. Houses sold for about $958K, condos for about $481K.
Is Franklin a buyer’s or seller’s market?
A seller’s market: 533 homes were for sale in May 2026 and 162 sold, about 3.3 months of supply. Buyers paid 98% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Franklin?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Franklin?
About 0.4% of a home’s value a year. On a $821K home that’s near $3,500.
Where can I see homes for sale in Franklin?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin’s MLS listings; the search links above open each one filtered to Franklin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).