Is Franklin, AR 72536 a buyer’s or seller’s market?
Franklin is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Franklin housing market right now
In the three months ending August 31, 2026, 0% of homes in Franklin, AR 72536 sold above their list price, the typical home went under contract in 171 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (23 days then) and the median sale price fell 42% to $245,394. Overall, Franklin is less competitive than a year ago, which gives buyers more room.
Within Izard County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Oxford 72565 (50% sold over asking) and Melbourne 72556 (18% sold over asking) are even more competitive.
Run the numbers for 72536
Nearby markets
Brockwell 72517Seller’s market $108 /sq ftGuion 72540 — /sq ftHorseshoe Bend 72512Balanced $97 /sq ftMelbourne 72556Balanced $127 /sq ft Browse all markets →Where Franklin is
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Questions about Franklin real estate
Is Franklin a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Franklin, AR 72536 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 Franklin?
The typical home went under contract in 171 days in the latest three months.
Do homes in Franklin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.8% of the list price.
What are property taxes in Franklin?
About 0.57% of a home’s value a year in Izard County, or roughly $2,280 on a $400,000 home.
What is the median home price in Franklin?
The median sale price was $245,394 in the three months ending August 31, 2026, about $207 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology