Is Franklin, TN 37064 a buyer’s or seller’s market?

The Franklin housing market right now

In the three months ending August 31, 2026, 16% of homes in Franklin, TN 37064 sold above their list price, the typical home went under contract in 55 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 434 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold about as fast and the median sale price rose 9% to $974,578. Overall, Franklin is more competitive than a year ago, so tougher for buyers.

Within Williamson County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Franklin ranks #79 of 299 TN ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at Franklin 37069 (12% sold over asking) or Brentwood 37027 (13% sold over asking), while College Grove 37046 (31% sold over asking) and Thompsons Station 37179 (22% sold over asking) are even more competitive.