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City in Ontario

Detached houses for sale in Faraday

Name: HOMEH Market Pulse — Faraday closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 18 detached houses for sale in Faraday today, with a median asking price of $599,500 (+33% vs. all homes in Faraday). 13 are bungalows.

quiet affordable

1,612 people lived in Faraday at the 2021 Census, in 755 households. 90% of households owned their home and 10% rented. The most common homes were single-detached houses (92%) and low-rise apartments (1%). 60% of homes were built before 1981, and 9% since 2011. 93% of commuters went to work by car and 0% by public transit.

Walkability score: 51

Faraday, Ontario

Bungalows & Detached Homes in Faraday

Day to dayLivability

Walkability

out of 100 · averaged over 46 past and present listings

Average walk score reported on listings here

4.9

Schools near listings

out of 10 · averaged over 46 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$449,900

37% below Ontario

In Faraday

$449,900

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

$280

Per square foot

On the marketMarket snapshot

For sale

Median $449,900

Houses 27

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Lower median sale price than the provincial average
Affordable rental price
Decent school ratings

Keep in mind

Limited amenities in the area
Walkability could be improved

The feel of the placeLifestyle

Daily life in Faraday is quiet with limited local services. Residents may need to travel for shopping and entertainment.

Great for first-time buyers budget-conscious renters

Within the boundaryWhat's nearby

The boundary

213.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Restaurants

Counted across all 213.1 km² of Faraday. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

Elementary

Cardiff Elementary School
Public · Grades JK–3 · Trillium Lakelands DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Faraday, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

1,612

Population (2021)

217.4 km²

Area

People per km²

57.1

Median age

$64,506

Median income

90%

Own their home

2.1

People per household

755

Households

Every age

Children (under 15)10.5%
Working age (15–64)58.3%
Seniors (65+)31.2%

What is built here

Detached houses92.1%
Semi-detached0.7%
Low-rise apartments1.3%
Other attached homes1.3%

Own or rent

90%Owners

10%Renters

Across 755 households

When it was built

Mostly 1961–1980

1960 or earlier17%
1961–198044%
1981–199011%
1991–20009%
2001–20057%
2006–20103%
2011–20156%
2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

8.8%
Born outside Canada: 14.5%
Hold a degree or higher: 39.1%
Employment rate: 0%
Commute by transit: 92.8%
Commute by car: 1.7
Children per family: $57,945
Median income after tax: $79,815
Average household income: 16.6%
Living on a low income: $749/mo
Owners pay, per month: $390,370
Median home value at census: 0%
Renters spending 30%+ of income on housing: 14.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 3 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Detached houses only Through September 2026 Thin sales history — read the monthly counts

What Houses in Faraday Sell For

At least 20 detached houses changed hands in Faraday over the 12 months to September 2026. Half sold above $392,500 and half below, 8.3% lower than the 12 months before. A typical detached house found its buyer in 60 days — 41 days slower than a year ago.

4 of the last 10 months had at least 5 closed detached houses sales in Faraday. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median sold price: $393K; -8.3% year over year
Days to sell: 60; 41 days slower
Sales closed: 20; last 12 months
Per square foot: $377; from 20 sized sales

Three years of sold prices

The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one detached house here differs from the next.

$1.09M$786K$485K$184K

May ’24Apr ’25Oct ’25Jul ’26

Median sold price Middle half of sales

What buyers actually paid

$949,200

on a $1,000,000 asking price — under ask by $50,800

−10%Asking price+10%

Of the asking price: 94.9%
Sold over asking: 15%

From 20 sales that closed here in the last 12 months.

How fast it moves

Median days on market, month by month. Taller means slower.

May 2024Jul 2026

Terracotta marks the last 12 months.

Every month behind these charts — Faraday, sales

Monthly closed sales in Faraday
Month	Closed	Median	Middle half	Days	% of ask
Jul 2026	5	$430,000	$355K – $531K	39	91.3%
Jun 2026	5	$430,000	$403K – $444K	46	98.0%
Apr 2026	5	$350,000	$300K – $425K	136	95.5%
Oct 2025	5	$360,000	$320K – $464K	20	94.9%
Jun 2025	6	$367,500	$246K – $702K	18	96.1%
May 2025	6	$470,000	$368K – $563K	19	97.3%
Apr 2025	5	$450,000	$360K – $630K	21	98.4%
Sep 2024	5	$710,000	$550K – $1000K	93	93.4%
Jul 2024	12	$574,950	$384K – $1.03M	64	94.8%
May 2024	7	$749,000	$640K – $780K	18	100.0%

What people ask about Faraday

How much does a detached house cost in Faraday?

Detached houses in Faraday sold for a median of $392,500 over the 12 months to September 2026, across at least 20 closed sales — half sold for more and half for less. That is 8.3% lower than the 12 months before it.

How long does it take to sell a detached house in Faraday?

A detached house in Faraday took a median of 60 days on the market over the 12 months to September 2026. Detached houses there closed at 94.9% of the asking price on average, with 15.0% selling over asking.

Compiled by HOMEH from sales reported closed in Faraday on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one detached house. Not an appraisal or an opinion of value.

Keep looking

More Homes for Sale in Faraday

27 homes are for sale in Faraday. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.