Is Frankewing, TN 38459 a buyer’s or seller’s market?
Frankewing is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Frankewing housing market right now
In the three months ending August 31, 2026, 0% of homes in Frankewing, TN 38459 sold above their list price, the typical home went under contract in 53 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (346 days then) and the median sale price rose 529% to $1,699,265. Overall, Frankewing is more competitive than a year ago, so tougher for buyers.
Within Lincoln County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Ardmore 38449 (25% sold over asking) and Elora 37328 (20% sold over asking) are even more competitive.
Run the numbers for 38459
Nearby markets
Ardmore 38449Buyer’s market $173 /sq ftDellrose 38453Seller’s market $814 /sq ftElora 37328Seller’s market $189 /sq ftFayetteville 37334Balanced $167 /sq ft Browse all markets →Where Frankewing is
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Questions about Frankewing real estate
Is Frankewing a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Frankewing, TN 38459 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Frankewing?
The typical home went under contract in 53 days in the latest three months.
Do homes in Frankewing sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.9% of the list price.
What are property taxes in Frankewing?
About 0.45% of a home’s value a year in Lincoln County, or roughly $1,800 on a $400,000 home.
What is the median home price in Frankewing?
The median sale price was $1,699,265 in the three months ending August 31, 2026, about $590 per square foot.
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More tools for 38459
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology