Homes for Sale Under 500K in Franklin, TN

406 Homes for Sale

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Franklin, TN Housing Market Overview

Franklin is a balanced market, giving buyers and sellers room to negotiate. With 3.9 months of supply and homes averaging 50.5 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

51

Inventory

406

Aug 2021May 2024Jul 2026

Median Home Price

$996,882Up 18.68%

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
406 Up 152.50%
Newly Listed Homes
348 Up 24.29%
Months of Supply
3.9 Up 47.96%

Housing Demand

Homes Sold
500 Up 70.65%
Sale-to-List Ratio
97.3% Down 0.42%
Homes Sold Above List
15.7% Up 5.72%

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

View Full Franklin Market Report
  • mls-img
    Based on information from Realtracs® through Sep 24, 2026, 3:01 AM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. 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 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 Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved.

    Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com
    Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
  • mls-imgIDX Logo
    Based on information from the Greater Chattanooga REALTORS® (or, alternatively, from the MLS of Chattanooga, Inc.) through Sep 24, 2026, 3:00 AM. IDX information is provided exclusively for consumers' personal, non-commercial use; it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 the Greater Chattanooga REALTORS®. All Rights Reserved.

    Angela Fowler | Angela Fowler Real Estate, LLC. | (423) 320-4620 | afowler@catt.com
    Mailing Address: 452 Kailors Cove Cir Ringgold, GA 30736
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Franklin, TN Housing Marketlink qauare
Homes Available icon

406

Homes Available

Median List Price icon

$ 996,882

Median List Price

Avg on Market icon

50.5 Days

Avg on Market

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