Is Fredericksburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fredericksburg has remained a Seller's Market.
Housing Prices in Fredericksburg, VA
How much do homes in Fredericksburg, VA cost?
Median Sold Price
$439,918
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fredericksburg was $439,918 in April 2024, up 4.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $265K | +6.0% |
2 Bedrooms | $317.4K | $340K | +7.1% |
3 Bedrooms | $369.9K | $390K | +5.4% |
4 Bedrooms | $495K | $495K | 0.0% |
5+ Bedrooms | $555.7K | $584.7K | +5.2% |
Summary: Fredericksburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Courtland | $375K | $412K | +9.9% |
Fredericksburg | $421.7K | $439.9K | +4.3% |
Battlefield | $412.7K | $428K | +3.7% |
Lee Hill | $435K | $446.4K | +2.6% |
Fredericksburg | $430.1K | $439.9K | +2.3% |
Housing Supply in Fredericksburg, VA
How many homes are available in Fredericksburg, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
717 | 775 | +8.1% |
Summary: The Fredericksburg real estate market had 775 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 3 | -57.1% |
2 Bedrooms | 62 | 71 | +14.5% |
3 Bedrooms | 261 | 280 | +7.3% |
4 Bedrooms | 263 | 272 | +3.4% |
5+ Bedrooms | 124 | 149 | +20.2% |
Summary: The Fredericksburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 20.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
219 | 233 | +6.4% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Summary: A total of 233 homes were sold or pending in Fredericksburg in April 2024, up by 6.4% month-over-month. Of the 232 sold homes, 25% were sold under asking, 28% were sold at asking, and 47% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 21 Days | -8.5% |
Summary: Homes in Fredericksburg had an average of 21 days on market in Apr 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
185 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 233 homes were sold in Fredericksburg; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.