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

Housing Market Conditions



Gauge showing Fredericksburg is a seller's market


Difference Since May 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, VA

How much do homes in Fredericksburg, VA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Fredericksburg have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Fredericksburg was $442,723 in May 2024, up 2.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $289.5K$255K
2 $315K$345K
3 $374.9K$391.9K
4 $488.6K$500K
5+ $569K$589.8K

Summary: Fredericksburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Fredericksburg, VA

How many homes are available in Fredericksburg, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Fredericksburg real estate market had 838 homes for sale in May 2024, a 3.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
2 7868
3 294312
4 282293
5+ 153163

Summary: The Fredericksburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 6.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

108 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fredericksburg, you could pay more than the asking price. 52.7% of homes here sold above asking price last month.

Summary: A total of 205 homes were sold or pending in Fredericksburg in May 2024, down by 20.5% month-over-month. Of the 205 sold homes, 23% were sold under asking, 24% were sold at asking, and 53% were sold over asking.

Days on Market for Fredericksburg, VA

How long does it take to sell a home in Fredericksburg, VA?

Average Sale Time

May 2023May 2024CHANGE
16 Days21 Days+28.9%

Summary: Homes in Fredericksburg had an average of 21 days on market in May 2024, up by 28.9% compared to last year.

Breakdown of Home Sale Times

168 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During May 2024, 205 homes were sold in Fredericksburg; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Fredericksburg, VA

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What housing markets are near Fredericksburg, VA?