DOWNTOWN FREDERICKSBURG HOUSING MARKET DATA

There was an increase in total units sold in May, with 31 sold this month in Downtown Fredericksburg Real Estate versus 24 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 29% versus May 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 10%. The total number of active inventory this May was 52 compared to 58 in May 2024. This month's total of 52 is lower than the previous month's total supply of available inventory of 56, a decrease of 7%.

Last May, the median sale price for Downtown Fredericksburg Homes was $447,500. This May, the median sale price was $525,000, an increase of 17% or $77,500 compared to last year. The current median sold price is 7% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.7 months of supply available in Downtown Fredericksburg, compared to 2.4 in May 2024. That is a decrease of 31% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 46 homes newly listed for sale in Downtown Fredericksburg compared to 47 in May 2024, a decrease of 2%. There were 30 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 7% higher than last month.

In May, the average sale price in Downtown Fredericksburg was 98.5% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 26, higher than the average last year, which was 25, an increase of 4%.





FOCUS ON: DOWNTOWN FREDERICKSBURG HOUSING MARKET			MAY 2025

Zip Code(s): 22401
Units Sold 31	Active Inventory 52	Median Sale Price $525,000	Days On Market 26

Up 29% Vs. Year Ago	Down -10% Vs. Year Ago	Up 17% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 31 sold this month in Downtown Fredericksburg Real Estate versus 24 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 29% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 10%. The total number of active inventory this May was 52 compared to 58 in May 2024. This month's total of 52 is lower than the previous month's total supply of available inventory of 56, a decrease of 7%.
		Median Sale Price Last May, the median sale price for Downtown Fredericksburg Homes was $447,500. This May, the median sale price was $525,000, an increase of 17% or $77,500 compared to last year. The current median sold price is 7% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 46	Current Contracts 30	Sold Vs. List Price 98.5%	Months of Supply 1.7

Down -2% Vs. Year Ago	No Change Vs. Year Ago	Down -1% Vs. Year Ago	Down -31% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Downtown Fredericksburg, compared to 2.4 in May 2024. That is a decrease of 31% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 46 homes newly listed for sale in Downtown Fredericksburg compared to 47 in May 2024, a decrease of 2%. There were 30 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 7% higher than last month.
		Sale Price to List Price Ratio In May, the average sale price in Downtown Fredericksburg was 98.5% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 26, higher than the average last year, which was 25, an increase of 4%.


	Downtown Fredericksburg are defined as properties listed in zip code/s 22401.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.