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Featured local agent — Free Union, VA
Sarah Mitchell
Compass Real Estate · Free Union, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Free Union, VA Housing Market
The typical home in Free Union, VA is worth $586,868, rose 1.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $874,900 (through May 2026). With 2.0 months of supply and homes going under contract in about 7 days, Free Union is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $586,868 home is about $3,133/mo in principal and interest.
Key numbers for Free Union, VA
Typical home value
$586,868
+1.2% in 12 months
Zillow, August 2026
Median sale price
$874,900
Last published period
Redfin, through May 2026
Days on market
7
Fast-moving
Redfin, through May 2026
Active listings
2
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Free Union a buyer's or seller's market?
Free Union, VA is a seller's market, based on 2.0 months of supply and homes selling in about 7 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Free Union housing market data show?
Every row below is Redfin's final published month for Free Union, VA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $874,900 |
| Median price per sq ft | $362/sq ft |
| Median days on market | 7 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Free Union is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Free Union is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Free Union home prices moved?
Across the 9 months we hold for Free Union, VA, the median sale price fell 38.6%, from $1.43M in June 2021 to $874,900. The live Zillow value series has rose 1.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Free Union?
Priced off the typical home value of $586,868 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $117,374 | $469,495 | $3,133/mo |
| 5% | $29,343 | $557,525 | $3,720/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,133, that implies roughly $134,273 a year before you add taxes and insurance. We do not hold a Census income figure for Free Union, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Free Union in the next 12 months?
Tell us your timeline. We send the Free Union market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Free Union?
Zillow does not publish a rent index (ZORI) for Free Union, VA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Free Union?
Active listings in Free Union, VA went from 1 in November 2021 to 2 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| November 2021 | 1 | 1 |
| May 2023 | 1 | not published |
| May 2026 | 2 | not published |
Redfin, through May 2026
How does Free Union compare to Virginia and the U.S.?
Free Union homes sell for $874,900 — 75% above the Virginia median of $499,300. Against the national median of $410,700, Free Union runs 113% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Free Union, VA | $874,900 | not published | 7 days |
| Virginia statewide | $499,300 | +3.9% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Free Union
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $587 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $586,868 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Free Union listing goes under contract in 7 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +1.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Free Union varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Free Union
There are currently 2 homes listed for sale in Free Union, Virginia.
Active listings
2
Homes on market
Avg. days on market
7
Days until sale
How much do homes cost in Free Union by property type?
How the Free Union, VA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $874,900 | $362/sq ft | 1 | 7 days |
Who lives in Free Union?
American Community Survey estimates for Free Union. U.S. Census ACS, 2023
Population
185
Households
105
Median age
62.6 years
Owner-occupied
100.0%
Median home value
$1.27M
100.0% of occupied homes in Free Union are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $1.27M against Zillow's $586,868 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Free Union, VA?
Ordered by distance from Free Union, not by size. Compare Free Union side by side with any of them.
Free Union housing market FAQ
Is Free Union a buyer's or seller's market?
Free Union, VA is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 7 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Free Union?
The typical home in Free Union, VA is worth $586,868 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $874,900, about $362 per square foot.
Is Free Union cheaper than the rest of Virginia?
Free Union's median sale price of $874,900 is 75% higher than the Virginia statewide median of $499,300, and 113% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Free Union?
Homes in Free Union, VA spent a median of 7 days on market before going under contract, versus 28 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Free Union?
At the current 30-year fixed rate of 7.03%, 20% down on a $586,868 home is about $3,133 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $134,273 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Free Union?
The typical home value in Free Union, VA rose 1.2% over the last 12 months, from $579,628 to $586,868 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Free Union?
Free Union ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Free Union?
That depends on your timeline, not on a headline. What the data says today: Free Union, VA is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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