FRANKLIN, TN REAL ESTATE MARKET — AUGUST 2026

The Franklin, TN real estate market closed 141 homes in August 2026, down 15.1% from  166 a year earlier and down 27.7% from July's 195 closings. Despite fewer transactions, the  median home sale price in Franklin, TN rose to $990,000, up 9.1% year-over-year from  $907,500 in August 2025. Franklin TN home prices per square foot climbed 3.9% year-over year on the median, confirming genuine appreciation rather than a shift toward larger homes.  Homes in Franklin sold in a median of just 12 days, unchanged from a year ago, and the sale-to-

list ratio rose to 98.38% average, up from 97.1% in August 2025 — a clear sign of improved  seller leverage. 

Month-over-month, Franklin real estate eased from July's especially hot pace: median sale  price fell 13.9% and price per square foot dropped 3.1%, which is a normal seasonal pullback  after peak summer activity rather than a reversal of the broader year-over-year uptrend. The  standout transaction of the month was a Franklin, TN home that sold for 138.33% of its list  price — a clear bidding-war outcome that signals strong, active demand for well-positioned  properties even in a slower-volume month. 

For anyone searching "are home prices going up in Franklin TN," the data says yes on a year over-year basis — median price and price per square foot are both higher than August 2025, days  on market held steady at 12 days, and at least one home this month drew a bidding war well  above asking price, even though total closed sales are down from both last month and last year.