Homes for Sale Under 500K in Gallatin, TN

686 Homes for Sale

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Gallatin, TN Housing Market Overview

Gallatin's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 6.34-month supply of homes and properties spending 58 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

58

Inventory

686

Aug 2021May 2024Jul 2026

Median Home Price

$477,357Up 5.06%

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
686 Up 338.61%
Newly Listed Homes
239 Up 17.16%
Months of Supply
6.3 Up 345.29%

Housing Demand

Homes Sold
328 Down 1.50%
Sale-to-List Ratio
98.4% Down 0.94%
Homes Sold Above List
16% Down 8.17%

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

View Full Gallatin Market Report
  • mls-img
    Based on information from Realtracs® through Sep 1, 2026, 11:46 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. © 2025 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

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Gallatin, TN Housing Marketlink qauare
Homes Available icon

686

Homes Available

Median List Price icon

$ 477,357

Median List Price

Avg on Market icon

58 Days

Avg on Market

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