New Listing
39
$635,000
118 Carters Glen Pl
Franklin, TN 37064
3 bd2 ba1,505 sqft$422/ft²
House40,946 sqft lot
Jenny Fann · Simple Real Estate - Keller Williams
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Compass Real Estate · Franklin, TN
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Franklin, TN Housing Market & Real Estate
Balanced market
Housing market overview · Updated monthly ·
$860,000median sale price
How is the Franklin, TN housing market right now?
The median home sale price in Franklin, TN is $860,000. Homes sell in an average of 43 days with 533 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin a buyer's or seller's market?
Balanced market3.3 months of supply43 avg. days on market
Franklin, TN is currently a balanced market, based on 3.3 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
162
Last 12 weeks
Days on market
43
Average pace
Active listings
533
3.3 months supply
Sale-to-list
98.3%
Below asking
What does the Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $860,000 |
| Median list price | $883,450 |
| Average days on market | 43 days |
| Active inventory | 533 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $338/sq ft |
| Homes sold (latest month) | 162 |
| New listings (latest month) | 204 |
| Listings with a price cut | 21.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin by property type?
How the Franklin, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $985,000 | $341/sq ft | 121 | 40 days |
| Condo / Co-op | $554,000 | $339/sq ft | 12 | 53 days |
| Townhouse | $650,000 | $332/sq ft | 29 | 54 days |
Source: Redfin · Updated monthly
The Franklin housing market is currently classified as a balanced market with a median sale price of $860,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 43 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.1x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin
There are currently 533 homes listed for sale in Franklin, Tennessee. The median listing price is $883K. Featured listings range from $635,000 to $3,150,000.
New Build
$845,622
2050 Riley Park Dr
Franklin, TN 37064
5 bd4 ba3,140 sqft$269/ft²
House
View photos & details
New Listing
5
$849,000
111 Poplar St
Franklin, TN 37064
4 bd2 ba2,200 sqft$386/ft²
House1.00 acres
James Fuertes · Realty One Group Music City
View photos & details
New Listing
52
$880,000
3056 Westerly Dr
Franklin, TN 37067
5 bd4 ba3,784 sqft$233/ft²
House9,148 sqft lot
Rachel Wang · eXp Realty
View photos & details
New Build
9
$939,900
228 Equine St
Franklin, TN 37064
3 bd4 ba2,526 sqft$372/ft²
Townhouse
Katie Tomberlin · Ford Homes Realty
View photos & details
New Build
9
$1,059,710
232 Equine St
Franklin, TN 37064
3 bd4 ba2,594 sqft$409/ft²
Townhouse
Katie Tomberlin · Ford Homes Realty
View photos & details
New Build
9
$1,059,835
224 Equine St
Franklin, TN 37064
3 bd4 ba2,625 sqft$404/ft²
Townhouse
Katie Tomberlin · Ford Homes Realty
View photos & details
New Listing
$1,200,000
283 Noah Dr
Franklin, TN 37064
4 bd4 ba4,036 sqft$297/ft²
House9,583 sqft lot
Dana Rector · Keller Williams Realty
View photos & details
New Listing
67
$1,460,000
7224 Murrel Dr
Franklin, TN 37064
4 bd5 ba4,127 sqft$354/ft²
House14,375 sqft lot
Jennifer Gramling · Compass RE
View photos & details
New Listing
63
$2,499,000
2007 Kathryn Ave
Franklin, TN 37064
5 bd6 ba4,323 sqft$578/ft²
House7,841 sqft lot
Nicki Johnson · Compass
View photos & details
New Listing
63
$2,500,000
4073 New Highway 96 W
Franklin, TN 37064
4 bd4 ba4,148 sqft$603/ft²
House12.29 acres
Cindy Garvey · United Country Real Estate Leipers Fork
View photos & details
New Listing
$3,150,000
110 Poplar St
Franklin, TN 37064
5 bd6 ba7,337 sqft$429/ft²
House1.15 acres
James Fuertes · Realty One Group Music City
View photos & details
Looking to buy in Franklin?
Get connected with a local real estate expert — free, no obligation.
Active listings
533
Homes on market
Median list price
$883K
Avg. days on market
43
Days until sale
New this week
204
Newly listed
Price drops:21.4%of listings
Sale-to-list:98.3%
Who lives in Franklin?
Population
85,575
Median income
$115,000/yr
Median age
37.8 years
Owner-occupied
64.3%
College grads
64.3%
Avg commute
24.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin?
Zillow home value
$928,567
Zillow rent index
$2,132/mo
Price-to-rent ratio
36.3x
Price-to-income
8.1x
Source: Zillow Research
What is it like to live in Franklin?
Franklin is a community of approximately 86K residents with a median age of 37.8 years.The median household income is $115,000, which reflects a relatively affluent area with strong earning potential. 64.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.3%, showing a blend of owner and renter-occupied properties. The average commute time is 24.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Franklin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin?
25 schools tracked · 16,156 students
The largest public schools serving Franklin, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Franklin High School
Grades 9-12 · 1,743 students
Centennial High School
Grades 9-12 · 1,389 students
Fred J Page High School
Grades 9-12 · 1,356 students
Fred J Page Middle School
Grades 6-8 · 1,308 students
Grassland Middle School
Grades 6-8 · 831 students
Creekside Elementary School
Grades K-5 · 792 students
Trinity Elementary
Grades PK-5 · 765 students
Clovercroft Elementary School
Grades K-5 · 680 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Franklin, TN?
Want a head-to-head view? Compare Franklin side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Franklin?
Is Franklin a good real estate investment market?
For investors evaluating Franklin, the price-to-rent ratio of 36.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Franklin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Franklin's median home price.
Frequently asked questions
What is the average home price in Franklin?
The median home sale price in Franklin is $860,000, down 0.0% from last year.
How long do homes stay on market in Franklin?
Homes typically spend 43 days on market before going under contract.
What is the median income in Franklin?
The median household income is $115,000 per year.
Is Franklin a buyer's or seller's market?
With 3.3 months of supply, Franklin is currently a balanced market.
How many homes are for sale in Franklin?
There are currently 533 homes listed for sale in Franklin, TN.
What is the Zillow home value estimate for Franklin?
The Zillow Home Value Index (ZHVI) for Franklin is $928,567, representing the typical home value in the area.
What is the median condo price in Franklin?
The median condo/co-op sale price in Franklin, TN is $554,000, compared to $985,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Franklin?
The median single-family home price in Franklin, TN is $985,000 (about $341 per square foot).
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