Is Fredericksburg, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fredericksburg is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Fredericksburg, VA cost?

Median Sold Price

$434,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$34,666(+8.7%)

Key Takeaway

Homes in Fredericksburg have sold for 8.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $275K$252.5K
-8.2%
2 $275K$282.4K
+2.7%
3 $367.5K$410K
+11.6%
4 $458K$485K
+5.9%
5+ $535K$585K
+9.3%

Median Sold Price Compared To Nearby Cities

Battlefield
+11.7%
Fredericksburg
+10.5%
Lee Hill
+10.1%
Fredericksburg
+8.7%
Courtland
+8.3%

How many homes are available in Fredericksburg, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
127111-12.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 32
-33.3%
2 148
-42.9%
3 5252
0.0%
4 3528
-20.0%
5+ 2321
-8.7%

Number of Homes Sold

Aug 2022Sep 2022%
4630-34.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fredericksburg, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
20 Days27 Days+34.8%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fredericksburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fredericksburg, VA

Number of homes for sale in Fredericksburg, VA real estate market have reached 111. In September 2022 in Fredericksburg, VA there were 12.6% less homes for sale than in August 2022. Listings spent 27 days on the market in September 2022, and had a median list price of $434,000 during the same period. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 8.2% more cheaper, 2 bedrooms properties prices increased by 2.7%, prices of 3 bedrooms properties went up by 11.6%, prices of 4 bedrooms properties increased by 5.9%, 5 bedrooms properties prices increased by 9.3%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 33.3%, 2 bedrooms homes inventory decreased by 42.9%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory decreased by 20%, 5 bedrooms homes inventory decreased by 8.7%. Over 10 listings were sold over their listed price in September 2022 in Fredericksburg, VA. In the same period over 10 listings were sold below the listed price and 10 listings were sold for the listed price.

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