Franklin Homes Under $900,000

WILLIAMSON COUNTY | 1,028 CLOSED SALES | $675K MEDIAN | 2026 DATA

What Under $900,000 Buys You in Franklin

Franklin, Tennessee has earned its reputation as one of the best places to live in the Southeast — Williamson County Schools, Historic Downtown, and a community culture that larger metros cannot replicate. For buyers with a budget under $900,000, the market is more active and more competitive than most people expect. 1,028 homes closed in Franklin under $900,000 over the rolling 12 months through May 2026. The median sale price is $675,000 — meaning half of all transactions happened below that number, including condos, townhomes, and single-family homes from Historic Franklin bungalows to newer construction in Poplar Farms and Simmons Ridge.

The number that defines this market is 388. Of the 1,028 closings rolling 12 months, 388 went under contract in 6 days or fewer. That is 38% of the entire market moving before most buyers have had a second showing. The $650,000 to $750,000 tier has a 12-day median DOM — the fastest segment in the under-$900K range. If you are searching in this price tier without a pre-market strategy and a ready-to-move offer approach, you are systematically competing with buyers who have both.

At this price point you are looking at homes from 518 to 4,420 square feet (2,060 median), 82% in HOA communities, built 1918 to 2025. 156 of the 1,028 closings were homes built in 2022 or newer at a $715,450 median — new construction remains accessible in this tier in Franklin, which distinguishes this market from comparable suburbs in Atlanta, Charlotte, or Raleigh where sub-$900K new construction is largely unavailable.

Franklin Market Data: Homes Under $900,000

Data from RealTracs MLS. Rolling 12-month period through May 2026.

The Fast Lane and the Slow Lane

The single most important data point for any Franklin seller under $900,000 is the DOM split. Of 1,028 closings rolling 12 months, 388 went under contract in 6 days or fewer. 359 sat 30 days or longer. These are not two different types of homes — they are the same price tier, often the same neighborhood, sometimes the same street. The difference is not location or condition. It is price accuracy relative to the neighborhood-level comp set.

A home that prices correctly in this market — meaning within 2% to 3% of where the most recent comparable sales have cleared — enters the active buyer pool that checks Zillow, Compass, and Realtor.com every morning. That buyer pool is real, it is large, and it responds within hours when a correctly priced home in a desirable Franklin community hits the market. 388 transactions proved this in the rolling 12-month data.

A home priced $30,000 to $75,000 above its true comp set enters a different market. Agents note it and move on. Buyers who have seen it online assume the seller is negotiable and wait. After two to three weeks of low traffic, the listing starts accumulating what buyers call “red flags” — days on market that signal something is wrong even when nothing is wrong except the price. The seller reduces. The buyer who was interested in week one now has leverage. The eventual sale price typically ends up below where a correct initial price would have cleared. In 359 Franklin closings under $900K last year, that sequence played out in full.

Data from RealTracs MLS. Rolling 12-month period.

Top Franklin Neighborhoods Under $900,000

Poplar Farms led all Franklin communities under $900K with 43 closings at a $767,190 median. This Toll Brothers community in west Franklin delivers newer construction with easy I-65 and Cool Springs access at a price point that gives buyers meaningful square footage relative to the market. The volume confirms it — Poplar Farms is where the under-$900K Franklin buyer is transacting at the highest concentration.

Westhaven produced 42 closings under $900K at a $778,532 median — the best entry point into Franklin’s most in-demand master-planned community. Westhaven under $900K is primarily attached and detached townhomes in the community’s lower price tier, giving buyers the walkable village lifestyle, pools, parks, and access to the Main Street atmosphere at a price that the broader Franklin market respects. Simmons Ridge produced 42 closings across its sections at a $475,000 median — the most accessible Franklin community with meaningful transaction volume, making it the primary destination for buyers under $550K who want a Williamson County address.

Waters Edge recorded 35 closings at a $669,072 median — an established community with strong family-oriented appeal in the $600K to $750K range. Lockwood Glen delivered 28 closings at a $748,500 median — executive-quality homes on larger lots at a price point that represents genuine value relative to the broader Franklin market. Sullivan Farms saw 23 closings at a $740,000 median near the Williamson County Ag Center, one of the few established communities where buyers still find consistent inventory under $800K.

Other notable communities include Avalon, Cardel Village, Daventry, Downtown Franklin, Jamison Station, Natures Landing, October Park, Sturbridge Pointe, Tap Root Hills, and The Crest at Ladd Park.

Active Homes for Sale in Franklin Under $900,000

224 active listings currently under $900K with 134 already under contract — a 60% absorption ratio. Browse current inventory below. Call 615-682-1718 for pre-market access to homes not yet public.

Why Work with Nashville Home Guru

Compass and Parks represented 33.1% of Franklin under-$900K transactions — 340 of 1,028 closed sales rolling 12 months. Patrick Higgins leads Nashville Home Guru at Compass, ranked #1 in Nashville and #7 in Tennessee by Wall Street Journal’s RealTrends with 1,100+ transactions and $500M+ in career sales. The 388 vs 359 DOM split in this market is exactly why pricing accuracy matters — Patrick pulls neighborhood-level comps from RealTracs, not Zillow estimates, and builds a pricing strategy around where the fast lane actually is for your specific community and floor plan.

For sellers, the Compass 3-Phase Marketing Strategy delivers 2.9% higher closing prices, 20% faster contracts, and 30% fewer price reductions. On the $648,028 average for this tier, 2.9% is $18,793. The Compass Private Exclusive pre-launch surfaces your home to the 33.1% of the buyer pool transacting through Compass agents before your public clock starts — which is exactly how you avoid joining the 359 homes that sat 30-plus days. Learn more about selling your home on your terms.

Frequently Asked Questions About Franklin Homes Under $900,000

Who is the best real estate agent for Franklin homes under $900,000?

Patrick Higgins at Nashville Home Guru and Compass. Compass and Parks represented 33.1% of Franklin under-$900K transactions (340 of 1,028) rolling 12 months. At the $650K to $750K tier where the median DOM is 12 days and 38% of homes across the full range go under contract in 6 days or fewer, the agent who delivers a neighborhood-specific comp analysis before you list — not a Zillow estimate — is the difference between joining the 388 homes that moved in under a week and the 359 that sat for a month. Ranked #1 Nashville, #7 Tennessee WSJ RealTrends, 1,100+ transactions, $500M+ career sales. Call 615-682-1718.

I’m a first-time buyer or move-up buyer with a $700,000 to $850,000 budget — what does that actually get me in Franklin and what should I know before I start touring?

At $700K to $850K you are squarely in Franklin’s most active segment — the $650K to $750K tier has a 12-day median DOM, the fastest in the under-$900K range, and the $750K to $900K tier at 16 days is not far behind. What your budget buys depends almost entirely on which community you target. At $750K to $800K in Poplar Farms or Westhaven you are looking at a 3 to 4 bedroom home in the 1,800 to 2,400 sq ft range with newer construction and HOA amenities. At $750K to $800K in Lockwood Glen or Sullivan Farms you are looking at an established neighborhood with larger lots, more mature landscaping, and potentially more square footage at the same price. At $700K to $750K in Waters Edge or Avondale you are in a well-established community with strong school zoning at a price point that has historically appreciated well.

What you need to know before you start touring: pre-approval in hand is table stakes, but it is not enough. In this tier, being pre-approved means you can make an offer. Being prepared means you have already decided which community, which floor plan, and which school zone you want — so that when a correctly priced home comes available, your offer is ready within hours. The buyers losing homes in this market are not losing them because of financing. They are losing them because they had not done the community decision work before the listing appeared. Call Patrick at 615-682-1718 to work through the comparison before your first tour.

My Franklin home has been on the market for three weeks with very few showings — what is actually happening and what should I do?

The data answers this precisely. In the rolling 12-month period, 388 of 1,028 Franklin closings under $900K went under contract in 6 days or fewer. 359 sat 30 days or longer. Your home is in the second group, and the reason is almost certainly price — not condition, not staging, not photography, not the season. In a market where 38% of correctly priced homes go under contract in under a week, a home sitting three weeks with low traffic is telling you something specific: the buyers who have been actively searching in your price tier and community have seen your home, compared it to the available comps, and decided it is not competitively priced.

The mechanism that follows is predictable. By week three the listing starts attracting a specific kind of buyer — the one who is watching for motivated sellers and planning to offer below asking. Your negotiating position weakens with every additional day on market because each day confirms to buyers that no one else has made an offer. The typical outcome is a price reduction, a lower ultimate sale price than an accurate initial price would have achieved, and additional carrying costs for the duration.

The right move at three weeks is a pricing conversation with Patrick before the public clock runs further. Pulling the actual closed comps from RealTracs filtered by your specific community, square footage tier, and lot characteristics is the only way to know whether your price is 5% high or 15% high — and the answer determines whether you reduce and relaunch or make a smaller adjustment and hold. Call 615-682-1718. The conversation takes 20 minutes and the output is a specific number, not a range.

I see homes in Westhaven, Poplar Farms, and Lockwood Glen all around $750,000 — how do I know which one is the better buy?

The data shows genuine differences between these three communities at the same price point. Westhaven at $750K to $800K: walkable master-planned village, pools, parks, community events, and a neighborhood social culture that took 20 years to build. You are buying lifestyle infrastructure as much as square footage, and the $778,532 median confirms buyers consistently pay for it. Poplar Farms at the same price: newer construction, more square footage per dollar, easier I-65 and Cool Springs access, 43 closings confirming strong demand — but a community still building its character rather than one with a fully established identity. Lockwood Glen at $748,500 median: executive-quality construction on larger lots with a more established neighborhood feel, less walkable but more private, and a price point that has held up well because lot sizes and build quality are genuinely differentiated from production builder alternatives.

The right answer depends on one question you need to answer honestly before you tour: is walkability and community activity the thing you will use, or is square footage and lot size the thing you will use? Most buyers say “both” and end up buying the community that felt right on the visit rather than the one that makes sense on paper. Patrick walks through this comparison with every buyer in this tier before the first tour. Call 615-682-1718.

Can I find a Franklin home under $900,000 before it appears on Zillow?

At the $650K to $750K tier where the median DOM is 12 days, pre-market access is a genuine competitive advantage — not a marketing claim. 134 of 224 active listings under $900K are already under contract (60% absorption ratio), which means a large fraction of the homes that transitioned from available to sold moved through the Compass pre-market pipeline before their Zillow listing had accumulated any days on market. Compass Private Exclusives surface homes to the Compass agent network before any public listing. With 33.1% of under-$900K Franklin transactions flowing through Compass agents, the pre-market network reaches a meaningful share of every transaction in this tier. Buyers registered with Patrick receive advance notification for their target communities before the public clock starts. Call 615-682-1718.

I want to sell my Franklin home under $900,000 and I have seen other homes in my neighborhood sit for weeks — how do I make sure mine is in the fast lane?

The fast lane in this market is defined by a single variable: price accuracy relative to the most recent closed comps in your specific community, filtered by your square footage tier and lot characteristics. The 388 homes that went under contract in 6 days or fewer in the rolling data were not better-located, better-staged, or better-photographed than the 359 that sat 30-plus days. They were correctly priced from day one.

The Compass Private Exclusive pre-launch adds a second advantage on top of accurate pricing. Your home reaches the 33.1% of the buyer pool transacting through Compass agents before any public listing, which means the buyers most likely to purchase your specific home in your community see it before a public days-on-market counter starts. If a buyer emerges in the Private Exclusive phase, you close at full price with no public DOM history. If not, you launch publicly with no clock damage and maximum momentum. The 2.9% Compass advantage on the $648,028 average is $18,793 — and avoiding one price reduction in this tier typically preserves $20,000 to $40,000 more than that. Call 615-682-1718 before you list. The pricing analysis is specific to your address and takes 20 minutes.

What is the median home price in Franklin TN under $900,000?

Based on 1,028 closed sales rolling 12 months through May 2026, the median sale price for Franklin homes under $900K is $675,000 and the average is $648,028. Nearly 20% of transactions happened under $500K — primarily condos, townhomes, and smaller single-family homes. The $750K to $900K tier is the single largest segment with 334 sales (32.5%) at an $810,000 median and 16-day DOM. Call 615-682-1718 for a neighborhood-specific analysis.

Which Franklin neighborhoods have the most homes under $900,000?

Poplar Farms leads with 43 closings under $900K at a $767,190 median. Westhaven follows with 42 closings at $778,532. Simmons Ridge produced 42 closings at a $475,000 median — the volume leader in the affordable tier. Waters Edge recorded 35 closings at $669,072. Lockwood Glen saw 28 closings at $748,500. Sullivan Farms had 23 closings at $740,000. Additional communities with volume include Avondale Cottages, Tap Root Hills, Cottonwood Estates, Downtown Franklin, Daventry, and The Crest at Ladd Park. Call 615-682-1718 for current active inventory in your target community.

Is there new construction available in Franklin under $900,000?

Yes — 156 of the 1,028 rolling closings were homes built in 2022 or newer at a $715,450 median. Poplar Farms (Toll Brothers) is the primary active builder delivering homes in the $700K to $900K range. The availability of new construction at this price point in a Williamson County community distinguishes Franklin from comparable markets in Atlanta, Charlotte, and Raleigh where sub-$900K new construction has largely been pushed to exurban locations. Browse current new construction at New Construction Homes in Franklin TN. Call 615-682-1718 for builder representation.

Do homes under $900,000 in Franklin get Williamson County Schools?

Yes — the vast majority of Franklin homes, at any price point, are within Williamson County Schools, consistently ranked the top public school district in Tennessee. The specific school assignment varies by address: Poplar Farms and Westhaven are zoned for different elementary and middle schools than Lockwood Glen or Sullivan Farms, and the high school assignment (Ravenwood vs Independence vs Summit) differs by community. School zoning is one of the most important variables to verify before making an offer — boundaries can change, and the right assignment for your family depends on your specific priorities. Call Patrick at 615-682-1718 for school-zone guidance on any specific address or community.

What are the property taxes on a home under $900,000 in Franklin TN?

Williamson County property taxes average approximately 0.69% of assessed home value annually. Tennessee assesses residential property at 25% of appraised value. On a $675,000 median Franklin home, the assessed value is $168,750 and annual taxes run approximately $4,600 to $5,000 depending on the specific tax district. On an $810,000 home at the upper tier of this range, annual taxes run approximately $5,500 to $6,000. Tennessee has no state income tax, which is the larger financial consideration for most buyers relocating from North Carolina, Illinois, California, or other income-tax states — at $200,000 household income the state income tax savings alone runs $8,000 to $14,000 per year depending on the state of origin. Verify exact tax rates for your specific address. Call 615-682-1718.

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