In October 2026, 127 single-family homes closed in Franklin at a median sale price of $1,322,124, up 29 percent from $1,025,000 in October 2025. That median is a marker for the city, and it isn't the value of your house. Your value comes from closed sales in your own subdivision, and I'll run that comparison for you free.
Based on information from Realtracs® for the period October 1, 2025 through October 31, 2026.
Why doesn't the Franklin median tell me what my house is worth?
Because Franklin isn't one market. In the same October, the average single-family sale was $1,536,972, above the median. A run of high-end sales pulls the average up, and a month with more smaller, older homes in the mix pulls the median down. Neither number comes from your street. My Franklin housing market page has the full month.
A home in an established neighborhood near downtown, a new build in a master-planned community, and a house on a few acres can all carry a Franklin address. They don't trade off each other. Buyers shop them as different products, and they price them that way.
How do I price a home in Franklin?
I start with closed sales in your own subdivision. A single recent sale on your street, in your floor plan, tells me more than a dozen sales spread across the ZIP code. Then I widen the search to the ZIP code to find the ceiling and to have the evidence ready when a buyer's agent pushes back on the price.
Closed sales carry the most weight because they show what a buyer actually paid. Pending sales tell me where the market is heading. Active listings tell me who you're competing against the day you go live.
Why do online home value estimates miss in Franklin?
An automated estimate reads public records and recent sales across a wide area, then applies a formula. In a city with a wide spread from established neighborhoods to new construction and acreage, that formula has to compare homes that don't belong in the same set.
It also can't see inside your house. It doesn't know about the kitchen you redid, the finished bonus room, or the roof that's two years old. It doesn't know the lot backs to open space while the comp next door backs to a busy road. Use the online number as a first glance and nothing more.
What does a comparative market analysis include?
A CMA is the report I build to value your house. Mine includes:
- Closed sales in your subdivision from the last several months, matched on size, bedrooms, baths, lot and age
- Adjustments for what's different: condition, updates, lot position, garage and outdoor space
- Pending and active listings in your subdivision and ZIP code, so you see the competition
- The wider ZIP code set, and where your home falls inside it
- A recommended list price and the reasoning behind it, in writing
If you're weighing a sale, I'll also show you what you'd walk away with. My home sale calculator runs the Tennessee net sheet math, and if speed matters more than top dollar, my page on how to sell your house fast in Franklin puts a cash offer, an as-is listing and a full listing side by side.
What are condos and townhomes worth in downtown Franklin and Cool Springs?
They run on their own numbers. In October 2026, 28 sales closed in Realtracs' Franklin condo category at a median of $498,000 (same Realtracs period as above). Twenty-eight sales is a small sample, so one month's median can swing a lot depending on which buildings sold.
For a condo or townhome, your own building or community matters even more than it does for a house. Unit size, floor, view, parking and the HOA's dues and reserves all show up in the price. I compare your unit to sales in the same building or community first.
How long does a well-priced Franklin home take to sell?
In October 2026, the average closed single-family home in Franklin spent 38 days on the market. That average includes every sale, the overpriced ones too, so a home priced right from the first day gives itself the best shot at beating it.
The first weeks matter most. Every buyer with a matching saved search sees your home at once. If the price is wrong, they scroll past, and you end up cutting the price to get their attention back.
Are Franklin home prices going up?
Year over year, yes. The median single-family sale rose from $1,025,000 in October 2025 to $1,322,124 in October 2026, up 29 percent. Months of supply stood at 5.48 in October 2026, which means buyers have choices and your listing has competition. A median moves with the mix of homes that sold that month, so read one month as a direction and watch the next few before calling it a trend.
How do I get a free home valuation in Franklin?
Text or call me at 615-392-1186 with your address. If you can, tell me what you've updated and roughly how old the roof and HVAC are. I'll pull the closed sales in your subdivision, look at the house, and send you a written value with the comps behind it. There's no cost and no obligation, whether you're selling next month or just want to know where your equity stands.
I've been licensed since 2013 and I've been part of more than 500 transactions. I live in Thompson's Station, in Canterbury, across from Avenue Downs, and I value Franklin homes the way I value my own neighborhood's: subdivision first, then the ZIP code. For the bigger picture on neighborhoods, schools and commutes, see my Franklin, TN guide.
Want to know what your Franklin home would sell for today? Start with my free home valuation and I'll pull the comps, read how I sell homes in Franklin, or text or call me at 615-392-1186.
Selling in Thompson's Station instead? See property valuation in Thompson's Station.
Frequently asked questions
How much is my house worth in Franklin, TN?
In October 2026, the median single-family sale in Franklin was $1,322,124 across 127 closings. Based on information from Realtracs® for the period October 1, 2025 through October 31, 2026. Your home's value comes from recent closed sales in your own subdivision, adjusted for size, condition and lot. I'll run that comparison for you free.
How accurate are online home value estimates in Franklin?
Often not very. They use public records and sales across a wide area, so they can't see your updates or tell a new build from an older home a mile away. Franklin's mix of established neighborhoods, new construction and acreage makes that gap wider. A comparative market analysis from closed sales in your subdivision is the number to use.
What is the median home price in Franklin, TN?
In October 2026, the median single-family sale in Franklin was $1,322,124 across 127 closings, and the median in the condo category was $498,000 across 28 closings. Based on information from Realtracs® for the period October 1, 2025 through October 31, 2026. The mix of homes that sell in a month shifts these numbers.
Are home prices going up in Franklin, TN?
The median single-family sale was $1,322,124 in October 2026, up 29 percent from $1,025,000 in October 2025. Based on information from Realtracs® for the period October 1, 2025 through October 31, 2026. Watch a few months before reading a trend into one month's median.
What's included in your free Franklin home valuation?
Closed sales from your subdivision matched to your home, adjustments for condition and updates, the pending and active competition, the wider ZIP code set, and a written price recommendation with the reasoning. If you're thinking about selling, I'll add an estimate of what you'd net.
Is my Williamson County property tax assessment the same as my home's market value?
No. The county assessor sets a value for tax purposes on its own schedule, and it may not match today's market. Market value is what a buyer will pay for your home now, and it can be well above or below the assessed figure.
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