Quick answer: The median sale price for all homes in Franklin, TN was $1,017,000 in October 2026, up 11% from October 2025. Single-family homes had a median of $1,322,124, and condos and townhomes $498,000. Supply rose to 5.64 months from 3.72, and the average home took 95 days to go under contract, so buyers have more room than they had a year ago.
Prices in Franklin went up over the last year, and homes are taking longer to sell. Both are true, and which one matters depends on whether you're buying or selling.
I pulled these numbers from Realtracs, our local MLS, on November 1, 2026. Closed sales from the last days of October can still be entered, so the closing counts may rise a little.
What are homes selling for in Franklin, TN right now?
The median sale price for all homes was $1,017,000 in October 2026. The average was $1,350,137. Here's the whole month, with October 2025 in parentheses.
| October 2026 | All homes | Single family | Condos and townhomes |
|---|---|---|---|
| Median sale price | $1,017,000 ($919,170) | $1,322,124 ($1,025,000) | $498,000 ($572,500) |
| Average sale price | $1,350,137 ($1,158,003) | $1,536,972 ($1,276,893) | $502,705 ($619,700) |
| Closings | 155 (199) | 127 (163) | 28 (36) |
| New listings | 242 (261) | 210 (226) | 32 (35) |
| Active listings, monthly average | 755 (609) | 604 (492) | 151 (116) |
| Average days on market, closed | 39 (37) | 38 (35) | 43 (45) |
| List to contract, average days | 95 (75) | 87 (71) | 138 (90) |
| Months of supply | 5.64 (3.72) | 5.48 (3.66) | 6.4 (3.99) |
Based on information from Realtracs® for the period October 1, 2025 through October 31, 2026. These figures cover homes with a Franklin mailing address, which includes some outside city limits.
Why did the single-family median jump 29%?
Mostly because of which homes closed. The single-family median was $1,102,500 in September 2026 and $1,322,124 in October. Franklin homes didn't gain $219,624 in value in 31 days.
With 127 closings, a few more high-end sales can move a median a long way. Read this as one month, and watch a few more before you call it a trend. Condos and townhomes show the same thing in the other direction: 28 closings, with a median down 13%.
Is Franklin, TN a buyer's or seller's market?
It's moving toward buyers. Franklin had 5.64 months of supply in October 2026, up from 3.72 a year earlier. The common rule of thumb calls about six months balanced.
Two things pushed that number up. Active listings averaged 755, up from 609, and closings fell to 155 from 199. New listings actually fell, to 242 from 261, so the extra supply is homes sitting longer. It isn't a wave of new sellers.
How long does it take to sell a house in Franklin?
Plan on about three months to get a contract. The average home took 95 days from its list date to go under contract in October 2026, up from 75 a year ago, and 132 days from list to closing.
You'll also see 39 days quoted, and that number is real. It's average days on market for closed sales, and it can reset when a listing is withdrawn and relisted. I plan around the 95.
How far apart are asking prices and sale prices?
About 33% in October 2026. The average active listing in Franklin was asking $1,790,390, and the average home that closed sold for $1,350,137. Those are different groups of homes, since expensive listings tend to sit longer. Still, a lot of what's on the market is priced above what's trading.
If you're selling in Franklin right now
Price from this fall's closed sales in your own subdivision, because a citywide median can't tell you what your house will bring. The all-homes median rose 11%, and that doesn't mean your house did.
With almost six months of supply, a buyer has other homes to compare yours with. Get the house ready before the first showing, and price it right the first day. My guide to what your Franklin home is worth shows how I run that number.
If you're buying in Franklin right now
You have more choice and more time than a year ago. When a house has been sitting for two or three months, asking the seller for something is a normal conversation.
The right street still depends on your budget and your commute. Start with my guide to Franklin neighborhoods, or Franklin condos and townhomes if you want a lower entry price. Budgeting for the whole move? Here's the cost of living in Franklin.
What I'd do next
Send me your address, or the neighborhood you're watching, and I'll pull the closed sales for that subdivision and walk you through what they mean for you. DM, text or call 615-392-1186.
Frequently asked questions
What is the median home price in Franklin, TN?
The median sale price for all homes in Franklin was $1,017,000 in October 2026. Single-family homes had a median of $1,322,124, and condos and townhomes $498,000. Based on information from Realtracs® for the period October 1, 2026 through October 31, 2026.
What is the average home price in Franklin, TN?
The average sale price for all homes in Franklin was $1,350,137 in October 2026, and $1,536,972 for single-family homes. A few high-end sales pull the average well above the median.
Is Franklin, TN a buyer's or seller's market?
It's moving toward buyers. Franklin had 5.64 months of supply in October 2026, up from 3.72 a year earlier, and the common rule of thumb calls about six months balanced.
Are home prices going up in Franklin, TN?
Year over year, yes. The all-homes median rose 11%, from $919,170 in October 2025 to $1,017,000 in October 2026. One month's median moves with the mix of homes that sold, so watch a few months before reading a trend into it.
How long does it take to sell a house in Franklin, TN?
The average home took 95 days from its list date to go under contract in October 2026, and 132 days from list to closing. Closed sales averaged 39 days on market, a number that can reset when a listing is relisted.
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