Is Franklin, TX 77856 a buyer’s or seller’s market?
Franklin is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 2% of U.S. ZIP codes, and #806 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Franklin housing market right now
In the three months ending August 31, 2026, 0% of homes in Franklin, TX 77856 sold above their list price, the typical home went under contract in 178 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (52 days then) and the median sale price rose 53% to $552,261. Overall, Franklin is less competitive than a year ago, which gives buyers more room.
On our competition score, Franklin ranks #806 of 868 TX ZIP codes with enough sales (score 7 out of 100).
Nearby, Hearne 77859 (7% sold over asking) is even more competitive.
Run the numbers for 77856
Nearby markets
Bremond 76629Buyer’s market $133 /sq ftCalvert 77837 — /sq ftHearne 77859Balanced $122 /sq ft Browse all markets →Towns like Franklin nearby
Find towns like Franklin in other states →Where Franklin is
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Questions about Franklin real estate
Is Franklin a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Franklin, TX 77856 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 178 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 97.3% of the list price.
What are property taxes in Franklin?
About 1.01% of a home’s value a year in Robertson County, or roughly $4,040 on a $400,000 home.
What is the median home price in Franklin?
The median sale price was $552,261 in the three months ending August 31, 2026, about $231 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