Counties › Franklin County, TN
Are sellers cutting their asking price in Franklin County, TN?
In Franklin County, TN, 24% of the homes on the market cut their asking price during May 2026 — roughly 2 in every 10 listings. That is about where it was a year earlier (23%).
A price cut means a home was listed, did not sell at that number, and the seller lowered it. It is the clearest sign of the gap between what sellers are asking and what buyers will pay, and it shows up months before it shows up in sale prices.
The share has barely moved against a year ago, which means sellers and buyers are about as far apart as they were then — no better, no worse.
The other side of the same market: 15% of homes here sold for MORE than the asking price. Read the two together: the well-priced homes still move, the ambitious ones do not.
Over the last 36 months the highest this got was 37%, in November 2023.
If you are selling here, the number to take from this is that about 2 in 10 of your competitors got their first price wrong. If you are buying, a home that has already been cut once is a seller who has accepted that the market disagreed with them.
One caution: price cuts are seasonal everywhere. Listings that sit through the summer get cut in the fall. That is why the honest comparison is to the same month a year ago, which is the one we show, rather than to last month.
Source: Redfin's published market data for the Franklin County, TN area, through May 2026.
Are you the agent for Franklin County, TN?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Franklin County, TN market
- When is the best month to sell a house in Franklin County, TN?
- How long does it take to sell a house in Franklin County, TN?
- Do homes sell above asking price in Franklin County, TN?
- Are home prices going up or down in Franklin County, TN?
- Is Franklin County, TN a buyer's market or a seller's market?
- Is the housing market slowing down in Franklin County, TN?
- What is the average home price in Franklin County, TN?
- How many homes are for sale in Franklin County, TN?
- All Franklin County, TN housing numbers
Other markets
- Are sellers cutting prices in Nashville, TN?
- Are sellers cutting prices in Memphis, TN?
- Are sellers cutting prices in Knoxville, TN?
- Are sellers cutting prices in Clarksville, TN?
- Are sellers cutting prices in Kingsport, TN?
- Are sellers cutting prices in Johnson City, TN?
- Are sellers cutting prices in Morristown, TN?
- Are sellers cutting prices in Jackson, TN?
Figures come from Redfin's published market data for the Franklin County, TN area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.