Is Fredericktown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fredericktown has remained a Seller's Market.
Key Takeaway
Fredericktown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fredericktown, PA
How much do homes in Fredericktown, PA cost?
Median Sold Price
$115,850
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fredericktown have sold for 39.6% more than they did a year ago.
Summary: The median home sold price in Fredericktown was $115,850 in May 2024, up 39.6% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $80K | +5.3% |
| 2 Bedrooms | $72K | $87.5K | +21.5% |
| 3 Bedrooms | $130K | $150K | +15.4% |
| 4 Bedrooms | $70K | $112.3K | +60.5% |
| 5+ Bedrooms | - | $325K | N/A |
Summary: Fredericktown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 60.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fredericktown | $83K | $115.8K | +39.6% |
| Centerville | $127.5K | $135K | +5.8% |
Housing Supply in Fredericktown, PA
How many homes are available in Fredericktown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Fredericktown real estate market had 18 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fredericktown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fredericktown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fredericktown in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fredericktown, PA
How long does it take to sell a home in Fredericktown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 99 Days | 81 Days | -17.4% |
Summary: Homes in Fredericktown had an average of 81 days on market in May 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fredericktown has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Fredericktown; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
