Is Fredericksburg, PA 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 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, PA
How much do homes in Fredericksburg, PA cost?
Median Sold Price
$315,000
$180/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Fredericksburg have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Fredericksburg was $315,000 in May 2024, up 11.5% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | - | N/A |
| 3 Bedrooms | $220K | $315K | +43.2% |
| 4 Bedrooms | $305K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
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 43.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fredericksburg | $282.5K | $315K | +11.5% |
| Bethel Township | $230K | $255K | +10.9% |
Housing Supply in Fredericksburg, PA
How many homes are available in Fredericksburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Fredericksburg real estate market had 7 homes for sale in May 2024, a 22.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fredericksburg, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Fredericksburg in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Fredericksburg, PA
How long does it take to sell a home in Fredericksburg, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 7 Days | -52.8% |
Summary: Homes in Fredericksburg had an average of 7 days on market in May 2024, down by 52.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fredericksburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Fredericksburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
