The Long & Foster Market Minute

FOCUS ON: FREDERICKSBURG CITY HOUSING MARKET MAY 2025

Units Sold
32
Active Inventory
53
Median Sale Price
$524,950
Days On Market
25
Up 28%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 32 sold this month in Fredericksburg City Real Estate versus 26 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 28% versus May 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 5 units or 9%. The total number of active inventory this May was 53 compared to 58 in May 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 57, a decrease of 7%.

Median Sale Price
Last May, the median sale price for Fredericksburg City Homes was $445,000. This May, the median sale price was $524,950, an increase of 18% or $79,950 compared to last year. The current median sold price is 14% 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
47
Current Contracts
31
Sold Vs. List Price
98.6%
Months of Supply
1.7
No Change
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In May, there was 1.7 months of supply available in Fredericksburg City, compared to 2.3 in May 2024. That is a decrease of 29% 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 47 homes newly listed for sale in Fredericksburg City, which is similar to the amount in May 2024. There were 31 current contracts pending sale this May compared to 33 a year ago. The number of current contracts is 6% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Fredericksburg City was 98.6% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 26, a decrease of 4%.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation 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.