Is Franklin, WI 53132 a buyer’s or seller’s market?

The Franklin housing market right now

In the three months ending August 31, 2026, 53% of homes in Franklin, WI 53132 sold above their list price, the typical home went under contract in 39 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 137 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 48%, homes sold about as fast and the median sale price rose 9% to $469,797. Overall, Franklin is more competitive than a year ago, so tougher for buyers.

Within Milwaukee County, homes here sell more slowly than in 59% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Franklin ranks #41 of 319 WI ZIP codes with enough sales (score 83 out of 100).

Nearby, buyers who want less competition could look at Milwaukee 53205 (0% sold over asking) or Milwaukee 53203 (0% sold over asking), while Milwaukee 53233 (100% sold over asking) and Milwaukee 53214 (71% sold over asking) are even more competitive.