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Featured local agent — Franklin Farm, VA
Sarah Mitchell
Compass Real Estate · Franklin Farm, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin Farm, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$968,041median sale price
How is the Franklin Farm, VA housing market right now?
The median home sale price in Franklin Farm, VA is $968,041, up 7.9% year-over-year. Homes sell in an average of 14 days with 28 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin Farm a buyer's or seller's market?
Franklin Farm, VA is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
36
Last 12 weeks
Days on market
14
Fast-moving
Active listings
28
0.8 months supply
Sale-to-list
102.8%
Above asking
What does the Franklin Farm housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $968,041 |
| Median list price | $879,000 |
| Year-over-year price change | +7.9% |
| Average days on market | 14 days |
| Active inventory | 28 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 102.8% |
| Median price per sq ft | $334/sq ft |
| Homes sold (latest month) | 36 |
| New listings (latest month) | 27 |
| Listings with a price cut | 39.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin Farm by property type?
How the Franklin Farm, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $988,888 | $336/sq ft | 35 | 13 days |
| Townhouse | $620,000 | $328/sq ft | 1 | 21 days |
Source: Redfin · Updated monthly
The Franklin Farm housing market is currently classified as a strong seller's market with a median sale price of $968,041. Prices have risen 7.9% compared to last year, with homes spending an average of 14 days on market, indicating 0.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Franklin Farm
There are currently 28 homes listed for sale in Franklin Farm, Virginia. The median listing price is $879K.
Active listings
28
Homes on market
Median list price
$879K
Avg. days on market
14
Days until sale
New this week
27
Newly listed
Who lives in Franklin Farm?
Population
18,509
Median income
$210,169/yr
Median age
43 years
Owner-occupied
92.8%
College grads
78.0%
Avg commute
29.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Franklin Farm?
Franklin Farm is a community of approximately 19K residents with a median age of 43 years.The median household income is $210,169, which reflects a relatively affluent area with strong earning potential. 78.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 92.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Franklin Farm offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Franklin Farm, VA?
Want a head-to-head view? Compare Franklin Farm side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Franklin Farm?
The median home sale price in Franklin Farm is $968,041, up 7.9% from last year.
How long do homes stay on market in Franklin Farm?
Homes typically spend 14 days on market before going under contract.
What is the median income in Franklin Farm?
The median household income is $210,169 per year.
Is Franklin Farm a buyer's or seller's market?
With 0.8 months of supply, Franklin Farm is currently a strong seller's market.
How much does a single-family home cost in Franklin Farm?
The median single-family home price in Franklin Farm, VA is $988,888 (about $336 per square foot).
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