Franklin, told straight. By the numbers.
Franklin single-family in May 2026: higher median, faster closes, and the action has shifted decisively to the upper bands. Here's the read.
Where the market sits, may 2026.
Franklin median came in at $553,257 in May — well above the rest of south Milwaukee County. The mix is skewing upmarket fast.
Sale-to-list ratio at 101.0%. Above asking is still the rule, but the typical premium has compressed from the 102–103% range of a year ago.
Median CDOM at 21 days. Quick but not frantic. The market gives buyers a real weekend to think — and then it moves.
Absorption at 1.6 months — still tight, but Franklin's been below 1.0 in recent quarters. There's more inventory now than there has been in a year.
Source: MLS (FlexMLS via GMAR), single-family, pulled May 17, 2026. Filtered to Franklin, Milwaukee County. Numbers reflect what closed in May 2026 and the 2026 year-to-date period.
The upper bands are doing the work — and there's room to negotiate.
Franklin's May breakdown is the cleanest illustration of where Milwaukee County's south-side growth has gone: $650K–$800K is up 50% YTD, $800K+ is up 33%, and the under-$300K band has essentially evaporated (1 sale, down 67%). Buyers who could afford Franklin five years ago at $375K are buying it now at $550K+. The market hasn't just inflated — it's resegmented.
Absorption at 1.6 months sounds tight on its face, and it is — but it's looser than the 0.9–1.1 month range Franklin ran in 2024. New listings are catching up to demand. Active inventory is now 41 single-family homes against 20 May closings.
Sale-to-list at 101.0% means bidding wars are still happening but they're contained. The most-stretched buyers are no longer the ones writing winning offers. Quality of offer (clean inspection windows, real financing, flexible close dates) is starting to beat raw price again.
For buyers under $500K, Franklin is increasingly thin. Only 7 of May's 20 sales were below $500K. If your budget caps in the $400s, Oak Creek or Greendale will give you more options.
For sellers in the $500K–$800K range, you're in the strongest band Franklin has. Price right, prep the house, and you'll close in three weeks at or slightly over list.
May 2026 sales, by price tier.
Franklin's May activity skewed firmly upper-bracket — 13 of 20 closings were $500K+, and the $650K+ tiers are up sharply YTD. The under-$400K segments have all but disappeared from this market.
Numbers tell you what. A conversation tells you whether.
Twenty minutes on the phone. I'll tell you what the May Franklin data means for your specific timeline and price band — and where else to look if Franklin has priced you out.
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