Is Fredericksburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fredericksburg has remained a Seller's Market.
Key Takeaway
Fredericksburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fredericksburg, PA
How much do homes in Fredericksburg, PA cost?
Median Sold Price
$297,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fredericksburg have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Fredericksburg was $297,500 in April 2024, up 3.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $195.5K | $270.5K | +38.3% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $307.5K | $380K | +23.6% |
| 5+ Bedrooms | $384K | $350K | -8.9% |
Summary: Fredericksburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Pine Grove Township | $205K | $234K | +14.1% |
| Bethel Township | $267K | $277.5K | +3.9% |
| Fredericksburg | $287.5K | $297.5K | +3.5% |
Housing Supply in Fredericksburg, PA
How many homes are available in Fredericksburg, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Fredericksburg real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fredericksburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fredericksburg, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Fredericksburg in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Fredericksburg, PA
How long does it take to sell a home in Fredericksburg, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +16.1% |
Summary: Homes in Fredericksburg had an average of 16 days on market in Apr 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fredericksburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Fredericksburg; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
