I get this question a lot lately, are home prices starting to come down in Franklin. It’s a good question, and the data seems to indicate that it is happening, but very slowly. Franklin home prices are still considerably higher than they were at this time last year with the median sales price up 16% year over year. However, the number of homes sold for July of 2021 was 260, compared to just 155 this year, a reduction of 41%. For the first time in many months, we have more homes available to sell that we sold in the previous month. Usually when this happens we start to see price reductions and competition for buyers instead of multiple offers for every home. The reason for the change is much higher interest rates compared to last year. The Federal Reserve Bank has decided that we need a recession to cool down the prices, and that is what we have.
-
- 155 Franklin TN homes sold in the month of July compared to 260 for July of 2021
- The median sales price for homes sold was $815,000 compared to $700,000 for the same month last year and $830,000 for June of this year
- the average price per square foot was $318 compared to $258 for July of 2021 and $$320 for June of this year
- 392 Franklin homes are currently listed in the Nashville MLS as available for purchase
- 315 Franklin homes are under contract at this time, many of these are new construction waiting for completion
Search for Franklin TN homes for sale here
Search for Franklin TN homes for sale here – information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. View the top Franklin neighborhoods here.
- List View
- Map View
-
-
Lot Size41,382 sqft
-
Home Size2,928 sqft
-
Beds4 Beds
-
Baths4 Baths
-
Year Built1981
-
-
-
Lot Size3,485 sqft
-
Home Size1,374 sqft
-
Beds3 Beds
-
Baths2.5 Baths
-
Year Built1995
-
-
-
Lot Size12,197 sqft
-
Home Size3,187 sqft
-
Beds4 Beds
-
Baths3 Baths
-
Year Built1978
-
-
-
Lot Size10,455 sqft
-
Home Size1,831 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built1975
-
-
-
Lot Size19,167 sqft
-
Home Size3,683 sqft
-
Beds4 Beds
-
Baths3.5 Baths
-
Year Built2018
-
-
-
Lot Size16,118 sqft
-
Home Size4,359 sqft
-
Beds4 Beds
-
Baths3.5 Baths
-
Year Built2010
-
-
-
Lot Size1.05 ac
-
Home Size3,796 sqft
-
Beds4 Beds
-
Baths3.5 Baths
-
Year Built2000
-
-
-
Lot Size4,792 sqft
-
Home Size1,809 sqft
-
Beds2 Beds
-
Baths3 Baths
-
Year Built2017
-
-
-
Lot Size16,989 sqft
-
Home Size1,366 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built1974
-
-
-
Lot Size5,228 sqft
-
Home Size1,733 sqft
-
Beds3 Beds
-
Baths2.5 Baths
-
Year Built1999
-
-
-
Lot Size
-
Home Size2,319 sqft
-
Beds3 Beds
-
Baths3.5 Baths
-
Year Built2023
-
-
-
Lot Size13,504 sqft
-
Home Size3,255 sqft
-
Beds4 Beds
-
Baths3 Baths
-
Year Built2005
-
-
-
Lot Size
-
Home Size2,440 sqft
-
Beds3 Beds
-
Baths3.5 Baths
-
Year Built2023
-
-
-
Lot Size9,584 sqft
-
Home Size2,206 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built1992
-
-
-
Lot Size3.13 ac
-
Home Size2,478 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built2013
-
See all Real estate matching your search.
(all data current as of
12/6/2023)
Listing information deemed reliable but not guaranteed. Read full disclaimer.