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.
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- 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.
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Lot Size15,639 sqft
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Home Size3,802 sqft
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Beds5 Beds
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Baths4 Baths
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Year Built2023
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Lot Size1,307 sqft
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Home Size2,106 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built2015
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Lot Size26,136 sqft
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Home Size5,308 sqft
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Beds6 Beds
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Baths6 Baths
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Year Built2023
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Lot Size19,602 sqft
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Home Size3,677 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built2012
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Lot Size1,307 sqft
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Home Size1,656 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1975
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Lot Size
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Home Size3,669 sqft
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Beds4 Beds
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Baths6 Baths
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Year Built2023
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Lot Size3.61 ac
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Home Size3,868 sqft
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Beds4 Beds
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Baths5 Baths
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Year Built2023
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Lot Size15,246 sqft
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Home Size3,445 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built2023
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Lot Size14,811 sqft
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Home Size4,307 sqft
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Beds5 Beds
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Baths5 Baths
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Year Built2023
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Lot Size18,296 sqft
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Home Size2,544 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1985
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Lot Size1.10 ac
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Home Size2,524 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1971
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Lot Size13,504 sqft
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Home Size3,290 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1994
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(all data current as of
2/6/2023)
Listing information deemed reliable but not guaranteed. Read full disclaimer.