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Market Report Market Reports 5 min July 6, 2026 Updated September 2026

Franklin at $919,585; Nashville Steady at $475,000 — Week of July 6, 2026

A fully-sourced snapshot of Middle Tennessee home prices, inventory, and new construction across Franklin, Nashville, Murfreesboro, Brentwood and more — every figure dated and cited. Corrected in September 2026: several town-level figures that appeared in the original post have been withdrawn, and each withdrawal is marked in place.

Will Johnson

By Will Johnson & The Will Johnson Team

U.S. Army veteran · former CRNA · RealTrends Verified 2026

Middle Tennessee remains split by price tier as of the most recent published figures: Franklin's rolling 12-month median sits at $919,585 (as of May 2026, 2,114 closed sales, per Nashville Home Guru / Redfin / Zillow), while metro Nashville holds at $475,000 (as of May–June 2026, per Redfin / Zillow / Greater Nashville Realtors). Murfreesboro was at $405,000 (June 2026) and Lebanon at $390,000 (May 2026), per Redfin / Zillow. Correction, September 2026: this post originally carried several town-level figures that later re-verification did not support — Franklin's market-time figure, Gallatin's median and months of inventory, Murfreesboro's months of inventory and new-construction share, and a year-over-year price direction for every town. Each has been withdrawn in place below rather than silently restated, and the reason is given where it stood.

What's the Nashville metro median home price right now?

Nashville's metro median sale price is $475,000, with homes typically taking 70 days to sell (Redfin / Zillow, May–June 2026, a figure that includes new-construction presales the MLS records at 0 days) and 5.6–6.0 months of inventory on the market.

MetricFigureAs ofSource
Median sale price$475,000May–June 2026Redfin / Zillow / Greater Nashville Realtors
Days on market70 days (includes new-construction presales the MLS records at 0 days)May–June 2026Redfin / Zillow
Months of inventory5.6–6.0 moMay–June 2026Redfin / Zillow
New-construction share~15% of marketMay–June 2026Redfin / Zillow

What did Franklin's market look like that week?

Franklin's rolling 12-month median was $919,585 against 3.6 months of inventory. We no longer publish a Franklin days-on-market figure: the 13–15 day number originally printed here traces to a new-construction-only subset rather than the whole market, and whole-market reads published elsewhere for the same period run far longer.

MetricFigureAs ofSource
Median sale price$919,585May 2026 (rolling 12-mo)Nashville Home Guru / Redfin / Zillow
Days on marketNot published — withdrawn September 2026 (traces to a new-construction-only subset)May 2026—
Months of inventory3.6 moMay 2026Redfin / Zillow
YoY trendNot published — town-level year-over-year is withheldApr 2026—
New-construction share16.1% of single-family closingsFeb 2026Nashville Home Guru / Greater Nashville Realtors

Knowledge-broker read: Franklin's 3.6 months of inventory reflects limited supply at the premium end rather than heavy builder volume — new construction is a modest 16.1% of closings.

What do the tracked medians for Lebanon and Murfreesboro read?

In the tracked data, Murfreesboro's median read $405,000 (Redfin / Zillow, June 2026) and Lebanon's read $390,000 (Redfin / Zillow, May 2026). Gallatin was originally listed here too; its median was withdrawn in September 2026 because the figure we carried was a rounded restatement of a source figure.

TownMedian PriceInventoryYoYAs ofSource
Lebanon$390,000Not published — no sourced figureNot published — withheldMay 2026Redfin / Zillow
Murfreesboro$405,000Not published — withdrawn Sept 2026Not published — withheldJune 2026Redfin / Zillow
GallatinNot published — withdrawn Sept 2026Not published — withdrawn Sept 2026Not published — withheldJune 2026Zillow / Redfin

Read it straight, as corrected: the towns in this table are separated by price level and market time, not by a direction we can defend. The Gallatin supply figure that carried the original "tightest in the region" reading, the Murfreesboro supply and new-construction-share figures, and every town's year-over-year change have all been withdrawn.

What's happening in the luxury market (Brentwood & Nolensville)?

Brentwood's median sale price was reported in a range of $1,444,136–$1,600,000 (April–May 2026, Redfin / Zillow / Orchard); Nolensville's was $924,318 (May 2026, Redfin).

MarketMedian PriceYoYAs ofSource
Brentwood$1,444,136–$1,600,000Not published — withheldApril–May 2026Redfin / Zillow
Nolensville$924,318Not published — withheldMay 2026Redfin / Zillow

Brentwood's price range reflects month-to-month reporting variance across April–May; treat it as a band, not a single point.

Which towns have the most new construction right now?

Spring Hill leads the towns that publish a clean share, at about a third of single-family closings. The Murfreesboro share originally printed here was withdrawn in September 2026: it was a Rutherford County reading from an earlier month sitting in a city row.

TownNew-Construction ShareMedian PriceAs ofSource
MurfreesboroNot published — withdrawn Sept 2026 (a Rutherford County reading from an earlier month)$405,000June 2026Redfin / Zillow
Spring Hill~33% of single-family closingsNot published — withdrawn September 2026 (the figure we carried was a median list price)Feb 2026Greater Nashville Realtors / Redfin
Franklin16.1% of single-family closings$919,585Feb 2026Nashville Home Guru / Greater Nashville Realtors
Nashville metro~15% of market$475,000May–June 2026Redfin / Zillow

Why we no longer publish a town-level price direction

The cooling-versus-holding list that originally filled this section has been withdrawn in full. A single town's monthly year-over-year price change rests on too few closings to hold its sign: re-measured across six consecutive months on the same public city series, a Middle-TN town's year-over-year reading swings from firmly negative to firmly positive and back. Whoever picks the month picks the answer, so we withdrew all of it — the positive readings as well as the negative ones.

What was withdrawn

  • •Every town-level year-over-year price reading originally published in this section: Franklin, Brentwood, Mount Juliet, Murfreesboro, Smyrna, Lebanon, Goodlettsville, Gallatin, Spring Hill and Nolensville.
  • •Franklin's 13–15 day days-on-market figure, which traces to a new-construction-only subset rather than the whole market.
  • •Gallatin's median sale price and months-of-inventory figures, and the "tightest supply in the region" framing that rested on them.
  • •Murfreesboro's months-of-inventory and new-construction-share figures, both of which were Rutherford County readings from earlier months sitting in a city record.

Where a price direction is still defensible

  • •At the regional and county level, where the sample is large enough that one month's mix of sales cannot flip the sign.
  • •The Greater Nashville REALTORS monthly and quarterly reports, built on RealTracs MLS data, cover the whole nine-county region, use fixed county boundaries, declare their property segment, and print a closing count beside every median.
  • •For a single address, closed comparable sales pulled for that street and price band on the day you ask — a different instrument from a citywide monthly median, and the one that actually governs a list price or an offer.

What we still publish at the town level

  • •Median sale price, where the figure survives re-verification and can be stamped with its source, window and as-of date.
  • •Days on market only with a label saying it includes new-construction presales the MLS records at 0 days, and never two towns side by side.
  • •Months of supply, where a source publishes one we can check.
  • •The gaps themselves — the towns and fields where we publish nothing, and why.

What about how long homes sit on the market?

Why there are no town days-on-market figures here: a town's median days on market counts new-construction presales, which the MLS records at 0 days, alongside resales, so two towns set side by side can rank in the wrong order. We withdrew those figures in September 2026. For a specific home, we pull closed comparable sales for that street and price band instead. The town-by-town market-time list originally printed here, and the reading of faster and slower markets that went with it, were withdrawn with them.

How much supply is there (months of inventory)?

Of the supply figures that survive re-verification, Franklin ran 3.6 months (May 2026) and Nashville 5.6–6.0 months (May–June 2026). The Gallatin and Murfreesboro readings originally printed here have been withdrawn.

MarketMonths of InventoryAs ofSource
GallatinNot published — withdrawn Sept 2026June 2026—
MurfreesboroNot published — withdrawn Sept 2026June 2026—
Franklin3.6 moMay 2026Redfin / Zillow
Spring Hill4.65 moFeb 2026Greater Nashville Realtors
Nashville5.6–6.0 moMay–June 2026Redfin / Zillow

Under roughly 3 months generally favors sellers; over roughly 5 months generally gives buyers more leverage on price and terms. We are not naming a tightest market in the region: the figure that claim rested on has been withdrawn.

We publish no year-over-year price direction for any single town, and no citywide median for Hendersonville or Portland — in both cases the public sources disagree with each other for the same month, and for Hendersonville the widely-quoted figure is derived from median list prices rather than closed sales. This is a snapshot; figures shift monthly — pull current numbers before you list or make an offer.

Questions about your specific market? Call the Will Johnson Team at 615-265-1000 for a no-pressure consultation.

By Will Johnson — U.S. Army veteran and former ICU nurse / CRNA. Knowledge-broker focused on honest, data-driven Middle Tennessee real estate. eXp Realty.

Will Johnson, The Will Johnson Team at eXp Realty

About the authors

By Will Johnson & The Will Johnson Team

Will Johnson leads The Will Johnson Team at eXp Realty, serving buyers and sellers across Middle Tennessee — Nashville, Hendersonville, Gallatin, Sumner County, Brentwood, Franklin, Mount Juliet, Murfreesboro and the surrounding communities. A U.S. Army veteran who served 14 years and rose to the rank of Major, and a former ICU nurse and nurse anesthetist (CRNA) who graduated with a 4.0 from MTSA, he has been licensed in Tennessee since 2013 (license #330494); in the last 12 months (as of 2026) the team has closed $27.7 million in volume across 64 transactions. The team holds a 5.0 rating on Google and Zillow, is RealTrends Verified 2026, has been featured as an expert source by CBS MoneyWatch and Bottom Line Personal, and can be reached at 615-265-1000.

Equal Housing Opportunity · Licensed in Tennessee and regulated by the Tennessee Real Estate Commission (TN #330494) · The Will Johnson Team is affiliated with eXp Realty · This page is general information, not legal, tax, or financial advice.

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