Is Fredericksburg, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fredericksburg has remained a Buyer's Market.
Housing Prices in Fredericksburg, TX
How much do homes in Fredericksburg, TX cost?
Median Sold Price
$1,010,000
$231/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Fredericksburg was $1,010,000 in May 2024, up 47.1% from last month, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $546.7K | - | N/A |
3 Bedrooms | $545K | $1.1M | +118.7% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $1.6M | $1.0M | -40.1% |
Summary: Fredericksburg housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 118.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 40.1%.
Housing Supply in Fredericksburg, TX
How many homes are available in Fredericksburg, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 114 | +10.7% |
Summary: The Fredericksburg real estate market had 114 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 45 | 51 | +13.3% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Fredericksburg 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 increased by 30%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fredericksburg in May 2024, down by 42.9% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fredericksburg, TX
How long does it take to sell a home in Fredericksburg, TX?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 Days | 54 Days | -59.3% |
Summary: Homes in Fredericksburg had an average of 54 days on market in May 2024, down by 59.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Fredericksburg; 13% of homes were sold within 30 days, 88% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.