Is Frederick County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Frederick County was a Seller's Market.
Key Takeaway
Frederick County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frederick County, VA
How much do homes in Frederick County, VA cost?
Median Sold Price
$399,921
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frederick County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Frederick County was $399,921 in March 2024, up 5.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $170K | +47.8% |
| 2 Bedrooms | $220K | $245K | +11.4% |
| 3 Bedrooms | $339.9K | $365K | +7.4% |
| 4 Bedrooms | $450K | $479.9K | +6.7% |
| 5+ Bedrooms | $550K | $569.9K | +3.6% |
Summary: Frederick County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Hampshire County | $210K | $249.9K | +19.0% |
| Warren County | $336.8K | $376.2K | +11.7% |
| Shenandoah County | $292K | $315K | +7.8% |
| Frederick County | $378.6K | $399.9K | +5.6% |
| Clarke County | $522.9K | $512.5K | -2.0% |
Housing Supply in Frederick County, VA
How many homes are available in Frederick County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 580 | 642 | +10.7% |
Summary: The Frederick County real estate market had 642 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 69 | 73 | +5.8% |
| 3 Bedrooms | 268 | 291 | +8.6% |
| 4 Bedrooms | 173 | 200 | +15.6% |
| 5+ Bedrooms | 66 | 71 | +7.6% |
Summary: The Frederick County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 90 | +26.8% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick County, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Frederick County in March 2024, up by 26.8% month-over-month. Of the 90 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.
Days on Market for Frederick County, VA
How long does it take to sell a home in Frederick County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 46 Days | +5.4% |
Summary: Homes in Frederick County had an average of 46 days on market in Mar 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 90 homes were sold in Frederick County; 56% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
