Franklin, TN Housing Market & Real Estate

Leaning buyer's+2.1% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Franklin, TN is $830,000, up 2.1% year-over-year. Homes sell in an average of 90 days with 373 active listings. The market is currently a leaning buyer's.

$830,000median sale price

Is Franklin a buyer's or seller's market?

Leaning buyer's4.1 months of supply90 avg. days on market

Franklin, TN is currently a leaning buyer's, based on 4.1 months of supply and homes selling in about 90 days. How we determine this →

Homes sold

92

Last 12 weeks

Days on market

90

Average pace

Active listings

373

4.1 months supply

Sale-to-list

97.2%

Below asking

Franklin, TN market data

Current housing market statistics for Franklin, TN
MetricValue
Median sale price$830,000
Median list price$925,000
Year-over-year price change+2.1%
Average days on market90 days
Active inventory373 listings
Months of supply4.1 months
Sale-to-list price ratio97.2%
Market conditionLeaning buyer's

Source: Redfin · Updated weekly

The Franklin housing market is currently classified as a leaning buyer's with a median sale price of $830,000. Prices have risen 2.1% compared to last year, with homes spending an average of 90 days on market, indicating 4.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Franklin

There are currently 373 homes listed for sale in Franklin, Tennessee. The median listing price is $925K. Featured listings range from $635,000 to $3,150,000.

3 bedroom house for sale at 118 Carters Glen Pl Franklin 37064 - $635,000
New listing
39
$635,000

118 Carters Glen Pl

Franklin, TN 37064

3 bd2 ba1,505 sqft
House40,946 sqft lot
Est. $600KSold 2019 for $340K

Jenny Fann · Simple Real Estate - Keller Williams

More about this property
5 bedroom house for sale at 2050 Riley Park Dr Franklin 37064 - $845,622
New listingNew build
$845,622

2050 Riley Park Dr

Franklin, TN 37064

5 bd4 ba3,140 sqft
House
More about this property
4 bedroom house for sale at 111 Poplar St Franklin 37064 - $849,000
New listing
5
$849,000

111 Poplar St

Franklin, TN 37064

4 bd2 ba2,200 sqft
House1.00 acres
Est. $801KSold 2022 for $600K

James Fuertes · Realty One Group Music City

More about this property
5 bedroom house for sale at 3056 Westerly Dr Franklin 37067 - $880,000
New listing
52
$880,000

3056 Westerly Dr

Franklin, TN 37067

5 bd4 ba3,784 sqft
House9,148 sqft lot
Est. $844KSold 2024 for $850K

Rachel Wang · eXp Realty

More about this property
3 bedroom townhouse for sale at 228 Equine St Franklin 37064 - $939,900
New listingNew build
9
$939,900

228 Equine St

Franklin, TN 37064

3 bd4 ba2,526 sqft
Townhouse

Katie Tomberlin · Ford Homes Realty

More about this property
3 bedroom townhouse for sale at 232 Equine St Franklin 37064 - $1,059,710
New listingNew build
9
$1,059,710

232 Equine St

Franklin, TN 37064

3 bd4 ba2,594 sqft
Townhouse

Katie Tomberlin · Ford Homes Realty

More about this property
3 bedroom townhouse for sale at 224 Equine St Franklin 37064 - $1,059,835
New listingNew build
9
$1,059,835

224 Equine St

Franklin, TN 37064

3 bd4 ba2,625 sqft
Townhouse

Katie Tomberlin · Ford Homes Realty

More about this property
4 bedroom house for sale at 283 Noah Dr Franklin 37064 - $1,200,000
New listing
$1,200,000

283 Noah Dr

Franklin, TN 37064

4 bd4 ba4,036 sqft
House9,583 sqft lot
Est. $1.0MSold 2019 for $490K

Dana Rector · Keller Williams Realty

More about this property
4 bedroom house for sale at 7224 Murrel Dr Franklin 37064 - $1,460,000
New listing
67
$1,460,000

7224 Murrel Dr

Franklin, TN 37064

4 bd5 ba4,127 sqft
House14,375 sqft lot
Est. $1.5MSold 2024 for $1.4M

Jennifer Gramling · Compass RE

More about this property
5 bedroom house for sale at 2007 Kathryn Ave Franklin 37064 - $2,499,000
New listing
63
$2,499,000

2007 Kathryn Ave

Franklin, TN 37064

5 bd6 ba4,323 sqft
House7,841 sqft lot
Est. $2.3MSold 2022 for $2.0M

Nicki Johnson · Compass

More about this property
4 bedroom house for sale at 4073 New Highway 96 W Franklin 37064 - $2,500,000
New listing
63
$2,500,000

4073 New Highway 96 W

Franklin, TN 37064

4 bd4 ba4,148 sqft
House12.29 acres
Est. $1.2M

Cindy Garvey · United Country Real Estate Leipers Fork

More about this property
5 bedroom house for sale at 110 Poplar St Franklin 37064 - $3,150,000
New listing
$3,150,000

110 Poplar St

Franklin, TN 37064

5 bd6 ba7,337 sqft
House1.15 acres
Est. $1.9MSold 2021 for $1.6M

James Fuertes · Realty One Group Music City

More about this property

Looking to buy in Franklin?

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Active listings

373

Homes on market

Median list price

$925K

Avg. days on market

90

Days until sale

New this week

139

Newly listed

Price drops:16.1%of listings
Sale-to-list:97.2%

Top public schools in 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

Public

Centennial High School

Grades 9-12 · 1,389 students

Public

Fred J Page High School

Grades 9-12 · 1,356 students

Public

Fred J Page Middle School

Grades 6-8 · 1,308 students

Public

Grassland Middle School

Grades 6-8 · 831 students

Public

Creekside Elementary School

Grades K-5 · 792 students

Public

Trinity Elementary

Grades PK-5 · 765 students

Public

Clovercroft Elementary School

Grades K-5 · 680 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

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Frequently asked questions

What is the average home price in Franklin?

The median home sale price in Franklin is $830,000, up 2.1% from last year.

How long do homes stay on market in Franklin?

Homes typically spend 90 days on market before going under contract.

Is Franklin a buyer's or seller's market?

With 4.1 months of supply, Franklin is currently a leaning buyer's.

How many homes are for sale in Franklin?

There are currently 373 homes listed for sale in Franklin, TN.

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