$7,113 Closing Credit*
$599,000
2,258 SqFt
3 Beds
•3 Full Baths, 1 Partial
Debbie S Kindig, Listing Office: CENTURY 21 New Millennium
Is Fredericksburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$449,830
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,379(+2.4%)
Key Takeaway
Homes in Fredericksburg have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Fredericksburg was $449,830 in October 2024, up 2.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $230K | -22.8% |
| 2 Bedrooms | $336.9K | $340K | +0.9% |
| 3 Bedrooms | $379.9K | $405K | +6.6% |
| 4 Bedrooms | $495K | $513.3K | +3.7% |
| 5+ Bedrooms | $580K | $600K | +3.4% |
Summary: Fredericksburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Courtland | $392.5K | $460K | +17.2% |
| Fredericksburg | $439.4K | $449.8K | +2.4% |
| Fredericksburg | $439.5K | $449.9K | +2.4% |
| Lee Hill | $450K | $460K | +2.2% |
| Battlefield | $441.3K | $440K | -0.3% |
Housing Supply in Fredericksburg, VA
How many homes are available in Fredericksburg, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 786 | 846 | +7.6% |
Summary: The Fredericksburg real estate market had 846 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 64 | 78 | +21.9% |
| 3 Bedrooms | 285 | 313 | +9.8% |
| 4 Bedrooms | 311 | 310 | -0.3% |
| 5+ Bedrooms | 124 | 143 | +15.3% |
Summary: The Fredericksburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 211 | -4.1% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
82 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fredericksburg, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 211 homes were sold or pending in Fredericksburg in October 2024, down by 4.1% month-over-month. Of the 211 sold homes, 36% were sold under asking, 39% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -3.9% |
Summary: Homes in Fredericksburg had an average of 25 days on market in Oct 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
144 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 211 homes were sold in Fredericksburg; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved