FREDERICKSBURG CITY HOUSING MARKET DATA

There was an increase in total units sold in April, with 26 sold this month in Fredericksburg City Real Estate versus 21 last month, an increase of 24%. This month's total units sold was lower than at this time last year, a decrease of 4% versus April 2024.

Versus last year, the total number of homes available this month is lower by 4 units or 7%. The total number of active inventory this April was 51 compared to 55 in April 2024. This month's total of 51 is lower than the previous month's total supply of available inventory of 61, a decrease of 16%.

Last April, the median sale price for Fredericksburg City Homes was $440,000. This April, the median sale price was $460,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 16% lower than in March.

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

In April, there was 2.0 months of supply available in Fredericksburg City. The amount of supply is similar compared to 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 31 homes newly listed for sale in Fredericksburg City compared to 40 in April 2024, a decrease of 23%. There were 29 current contracts pending sale this April compared to 28 a year ago. The number of current contracts is 4% higher than last April.

In April, the average sale price in Fredericksburg City was 100.3% of the average list price, which is 0.8% higher than at this time last year.

This month, the average number of days on market was 28, higher than the average last year, which was 25, an increase of 12%.





FOCUS ON: FREDERICKSBURG CITY HOUSING MARKET			APRIL 2025

Units Sold 26	Active Inventory 51	Median Sale Price $460,000	Days On Market 28

Down -4% Vs. Year Ago	Down -7% Vs. Year Ago	Up 5% Vs. Year Ago	Up 12% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 26 sold this month in Fredericksburg City Real Estate versus 21 last month, an increase of 24%. This month's total units sold was lower than at this time last year, a decrease of 4% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 4 units or 7%. The total number of active inventory this April was 51 compared to 55 in April 2024. This month's total of 51 is lower than the previous month's total supply of available inventory of 61, a decrease of 16%.
		Median Sale Price Last April, the median sale price for Fredericksburg City Homes was $440,000. This April, the median sale price was $460,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 16% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 31	Current Contracts 29	Sold Vs. List Price 100.3%	Months of Supply 2.0

Down -22% Vs. Year Ago	Up 4% Vs. Year Ago	Up 0.8% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 2.0 months of supply available in Fredericksburg City. The amount of supply is similar compared to 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 31 homes newly listed for sale in Fredericksburg City compared to 40 in April 2024, a decrease of 23%. There were 29 current contracts pending sale this April compared to 28 a year ago. The number of current contracts is 4% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Fredericksburg City was 100.3% of the average list price, which is 0.8% higher than at this time last year. Days on Market This month, the average number of days on market was 28, higher than the average last year, which was 25, an increase of 12%.



	*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.