Franklin Home Prices Climb Year Over Year as Sales Slow
Franklin, TN – March 8, 2026 – Home prices rose year over year in early 2026 while sales dipped and days on market lengthened.
Home values in Franklin are starting 2026 higher than a year ago, even as buyers take longer to commit and closed sales edge lower.
Top takeaways
- Median sale price reached $875K in January, up 17.8% year over year.
- Homes averaged 93 days on market, longer than last year.
- Typical home value is about $904K, up 1.5% from a year ago.
- Inventory stood at 504 homes for sale at the end of January.
Market snapshot
According to Redfin, the median sale price in January 2026 was $875,000, with 87 homes sold during the month. That is slightly fewer sales than January 2025, and properties are taking longer to move, averaging 93 days on market.
Zillow’s Home Value Index shows a typical home value of $903,745 through January 31, 2026, a 1.5% annual increase. Zillow also reported 504 homes for sale and 95 new listings at the end of January, with a median list price near $980K and a median sale price of $833K in recent data.
While prices remain elevated, a median sale-to-list ratio just under 1.0 suggests buyers are negotiating more often than during the peak frenzy years.
Rental trends
Zillow data shows the average rent around $2,006 as of late January, broadly steady year over year. That stability may offer some relief for renters weighing whether to enter the for-sale market this spring.
What it means for spring
Higher prices paired with longer marketing times point to a market that is still competitive but less hurried. Sellers appear to be testing price ceilings, while buyers are showing more selectivity as inventory builds modestly.
Sources
Are you seeing more price reductions or multiple-offer situations in your neighborhood this winter?