Homes for Sale Under 400K in Franklin, NC

1,118 Homes for Sale

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Franklin, NC Housing Market Overview

Franklin's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a 3-month supply of homes and an average of 74 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

74

Inventory

1,118

Aug 2021May 2024Jul 2026

Median Home Price

$393,950Down 17.23%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
1,118 Up 34.48%
Newly Listed Homes
8 Down 0.00%
Months of Supply
3 Up 34.48%

Housing Demand

Homes Sold
13 Down 0.00%
Sale-to-List Ratio
96.8% Down 3.39%
Homes Sold Above List
0% Down 100.00%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Franklin Market Report
  • mls-img
    Based on information submitted to the MLS GRID from Canopy MLS through Sep 5, 2026, 10:45 AM. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2025 Canopy MLS. All Rights Reserved.
  • mls-imgIDX Logo

    Based on information from the Doorify MLS (Triangle MLS, Inc.) through Sep 5, 2026, 10:45 AM. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. © 2024 Doorify MLS, Inc. of North Carolina. All rights reserved. Non-MLS properties are not included. Properties sold were listed/sold by various MLS participating offices. © 2024 Doorify MLS, Inc. of North Carolina. All Rights Reserved.

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Franklin, NC Housing Marketlink qauare
Homes Available icon

1,118

Homes Available

Median List Price icon

$ 393,950

Median List Price

Avg on Market icon

74 Days

Avg on Market

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