Altos Market Data for Realtors

Fredericksburg, VA

Single-Family Homes

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Fredericksburg, VA

Sun Nov 17 2019
This week the median list price for Fredericksburg, VA is $397,494 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 484. Click here to stay informed with the Fredericksburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fredericksburg, VA

Sun Nov 17 2019
This week the median list price for Fredericksburg, VA is $397,494 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 484. Click here to stay informed with the Fredericksburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fredericksburg market.
Median List Price $397,494
Per Square Foot $131
Days on Market 106
Price Decreased 45%
Price Increased 4%
Relisted 12%
Inventory 484
Median Rent $1,495
Most Expensive $3,195,000
Least Expensive $85,000
Market Action 38
Slight Seller's Advantage

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$619,000 5,026 1 - 2.5 acres 5 3 9 3 14 151
$434,900 3,700 0.5 - 1 acre 4 3 12 6 15 104
$363,900 2,895 0.25 - 0.5 acre 4 2 15 11 20 91
$269,900 1,784 0.25 - 0.5 acre 3 2 35 16 29 75