What Do Luxury Homes Cost in Franklin TN? (2026)
The direct answer
A luxury home in Franklin TN typically costs between $1M and $2M. The median sale in a 2,146 closing sample was $891,500 overall and $1,375,000 among sales of $1M or more. About 42 percent of closings landed at $1M or higher, roughly 9 percent at $2M or higher, and true trophy territory above $4M remains rare at about 1 percent of closings.
In plain English: Franklin is a market where $1M buys you a real luxury product, $1.4M is the middle of the luxury pack, and $2M and above puts you in the top tenth of the market.
What luxury costs in Franklin right now
Entry level luxury, $1M to $1.5M. This is the heart of the Franklin luxury market. Homes here are typically newer builds or well updated homes in established neighborhoods, often 3,500 to 5,000 square feet with strong lot sizes and the finishes buyers expect at this level. The median among closings of $1M or more was $1,375,000. If you are buying at this tier, expect competition: well priced homes are moving fast.
The middle of the pack, $1.5M to $2M. You are buying acreage, custom builds, or prime location homes in Franklin's most established luxury pockets. About 42 percent of all closings in the sample cleared $1M, so this tier has the deepest bench of inventory and the most buyer demand at the same time.
The top tenth, $2M to $4M. Roughly 9 percent of closings reached $2M. This is where Franklin starts looking like estate country: custom builds, larger lots, and homes where the finishes stop being upgrades and start being the point.
Trophy territory, $4M and up. Just 31 closings in the 2,146 home sample reached $4M, about 1 percent. Franklin has genuine ultra luxury product, but it trades thin. If you are selling at this tier, pricing discipline matters more than anywhere else in the city because the buyer pool is small and patient.
How fast Franklin is moving
Between September 12 and 19, 2026, Franklin saw 46 homes go under contract against 42 that expired or were cancelled. That made Franklin the strongest of Williamson County's major cities that week, but nearly half of all sellers still watched their listings die. In plain English: demand is real, but it does not rescue a bad price.
August closed with 4.78 months of supply. In plain English: at August's sales pace it would take just under five months to sell everything currently listed, which gives buyers real choices and punishes hopeful pricing. Homes that closed in August averaged 26 days on market, and in the larger sample the median was 14 days. Well priced homes are moving in about two to four weeks.
What this means for you
If you are buying luxury in Franklin, the price band matters more than the neighborhood marketing. Homes priced with the market are moving in weeks. Homes priced on hope are joining the 42 that died in a single September week. A real valuation of the specific home, built from comparable sales with reasoning, is worth more than any listing description.
If you are selling, the sample is your warning and your playbook. Franklin's luxury buyers showed up in force in September, but only for homes priced to meet them. A launch price built on real comparable sales is the difference between 14 days and an expiration notice.
Frequently asked questions
How much does a luxury home cost in Franklin TN?
A luxury home in Franklin TN typically costs $1M to $2M. The median among sales of $1M or more was $1,375,000 in a sample of 2,146 Franklin closings exported September 16, 2026.
What is considered luxury in Franklin TN?
Homes priced at $1M and above make up the luxury tier in Franklin. About 42 percent of the sampled closings cleared $1M, and roughly 9 percent reached $2M or higher.
How long do luxury homes take to sell in Franklin TN?
Well priced homes in Franklin are moving in about two to four weeks. August closings averaged 26 days on market, and the median across the full sample was 14 days.
Is Franklin TN a buyer's market or a seller's market in 2026?
Franklin is tilted slightly toward buyers. August showed 4.78 months of supply, and in the September 12 to 19 week nearly as many listings died as went under contract. Buyers have choices, so pricing discipline decides who sells.
What does $2M buy in Franklin TN right now?
Two million dollars puts you in the top tenth of the Franklin market. Expect a custom or near custom home, a larger lot, and the kind of finishes that read as luxury from the street, not just on the spec sheet.
Speakable summary
Luxury homes in Franklin TN typically cost between $1M and $2M, with a median of $1,375,000 among sales of $1M or more. Franklin remains Williamson County's strongest luxury market, but nearly half of all sellers watched their listings expire in one September week. Well priced homes sell in two to four weeks.
About this data
Figures come from a point in time export of 2,146 closed Realtracs listings for Franklin, exported September 16, 2026, plus Realtracs weekly activity for September 12 to 19 and August 2026 monthly figures. The export does not include a close date field, so the price figures describe that sample rather than a trailing 12 month window. Weekly and monthly figures are dated as stated.
The Coleman Johns Group serves luxury buyers and sellers across Franklin, Brentwood, College Grove, Belle Meade, Oak Hill, and Forest Hills. Phone (615) 545-1251. Office at 8119 Isabella Ln, #105, Brentwood TN 37027.
Ready for a private conversation about your home? Text (615) 545-1251 or email [email protected] for a complimentary valuation delivered within one business day.
