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Sarah Mitchell

CNESRESABR

Compass Real Estate · Franklin Farm, VA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Franklin Farm, VA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Franklin Farm, VA Housing Market & Real Estate

Strong seller's market+7.9% YoY

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?

Strong seller's market0.8 months of supply14 avg. days on 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?

Current housing market statistics for Franklin Farm, VA
MetricValue
Median sale price$968,041
Median list price$879,000
Year-over-year price change+7.9%
Average days on market14 days
Active inventory28 listings
Months of supply0.8 months
Sale-to-list price ratio102.8%
Median price per sq ft$334/sq ft
Homes sold (latest month)36
New listings (latest month)27
Listings with a price cut39.3%
Market conditionStrong 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.

Median price, price per square foot, homes sold and days on market by property type in Franklin Farm, VA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$988,888$336/sq ft3513 days
Townhouse$620,000$328/sq ft121 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

Price drops:39.3%of listings
Sale-to-list:102.8%

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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