How Competitive is the Franklin Housing Market?

by Aaron Glicken

Franklin, a city near Nashville, TN, is a moderately competitive housing market. About 15% of homes sold above list price in the 3 months ending June 2026, and 42% of listings went under contract within two weeks.

The National Picture

Franklin's 15% sold-above rate trails the national 24.6%, but its speed metrics tell a different story. Homes sell in a median of 48 days—faster than the national 50—and its 41.8% off-market-in-two-weeks rate exceeds the national 30.4% by a wide margin. Well-priced Franklin homes attract swift buyer action even if outright bidding wars are less common.

McEwen Leads Franklin's Competitive Pockets

Among Franklin's neighborhoods, McEwen stands out: 19.4% of homes sold above asking with a 98.8% sale-to-list ratio, and a striking 53% went off market within two weeks. West Harpeth (48.8% off-market rate) is similarly fast-paced. Buyers targeting these neighborhoods should be prepared to move quickly, while areas like Goose Creek (33.5% off-market rate) offer a slightly less pressured pace.

Why is Franklin Moderately Competitive?

Despite a median price above $860,000, demand remains steady, pending sales grew 8% year over year. Supply rose modestly (+7% active listings), keeping months of supply at 3.7, below the balanced threshold of 5. With only 28% of listings carrying price drops (one of the lowest rates in the metro), sellers can hold firm, and buyers face enough competition that swift offers on desirable properties are the norm.

Nearby Neighborhoods

Neighborhood	Sold Above List	Sale-to-List	Days on Market	Off Market in 2 Wks
Franklin	15.0%	98.2%	48 days	41.8%
McEwen	19.4%	98.8%	47 days	52.9%
Seward Hall	15.5%	97.5%	44 days	40.2%
Berrys Chapel	15.0%	97.8%	40 days	36.2%
Goose Creek	15.0%	98.2%	51 days	33.5%
West Harpeth	14.0%	98.0%	50 days	48.8%

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.