Franklin TN Real Estate Market Update — June 2026

225 Closings · Avg Sale $1.41M · Median $1.065M · $410/SqFt · 7-Day Median DOM · 99.34% Sale-to-List · Volume Up 17% YOY

Franklin, Tennessee had one of its strongest months of the year in June — 225 homes closed, up 23 percent from May's 183 closings, making it a standout performance for a market that supposedly slows down in summer. Average sale price came in at approximately $1.41 million with a median of $1.065 million, while price per square foot ticked up from $400 in May to $410 in June. Year-over-year, volume is up 17 percent from the prior comparable period, average prices have risen from approximately $1.375 million, and the median has held steady above $1 million — a signal of broad-based market stability rather than outlier-driven appreciation. The typical June

closing was a four-bedroom, three-bath home of approximately 3,348 square feet, built around 1998 — exactly the established Franklin family home profile that relocating buyers from high-cost states are actively seeking. 

The speed and seller data for June is where the Franklin market really stands out. Median days on market dropped from ten days in May to seven days in June — the market actually got faster heading into summer — and that seven-day pace has now held for twelve consecutive months year-over-year. Sellers received 99.34 percent of their asking price at the median, with a maximum sale-to-list ratio of 108.75 percent, meaning at least one Franklin buyer paid nearly nine percent over asking price. When a well-priced Franklin home hits the market, buyers are not deliberating — they are moving, and in competitive situations they are going above ask. 

For buyers, seven days to contract means you need to be fully prepared before you walk in the door — financing locked, school zone map understood, and an agent who can move decisively. One critical nuance: while most of Franklin feeds Williamson County Schools, a portion of older central neighborhoods falls into the separate Franklin Special School District — your specific address determines your feeder school, not just the city. For sellers, June handed you the best conditions of the year. Price with precision, present professionally, and this market will deliver.