Is Free Union, VA 22940 a buyer’s or seller’s market?

The Free Union housing market right now

In the three months ending August 31, 2026, 33% of homes in Free Union, VA 22940 sold above their list price, the typical home went under contract in 29 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (9 days then) and the median sale price rose 67% to $914,604. Overall, Free Union is more competitive than a year ago, so tougher for buyers.

Within Albemarle County, homes here sell faster than in 58% of the county’s ZIP codes, and sell more often over asking than in 83%.

Nearby, buyers who want less competition could look at North Garden 22959 (0% sold over asking) or Esmont 22937 (0% sold over asking), while Greenwood 22943 (50% sold over asking) and Charlottesville 22911 (40% sold over asking) are even more competitive.