Fredericksburg Market Recap: Sales Drop as Prices Shift in August

Fredericksburg saw a significant shift in market dynamics over the last six months, with median closing prices dropping 27.5% to $560,000 compared to the prior period. This decline occurred alongside a 32.9% reduction in median days on market, which now stands at 55 days across 41 closed sales. The data reflects a distinct change from the previous six-month window where prices were higher and homes took longer to sell. ALEX Intelligence analyzed the pricing trends to show that while the median price per square foot fell 9.0% to $322, sellers are achieving closer to their original list prices. The median close-to-original list ratio improved by 4.9% to 0.949, indicating that homes are selling for a higher percentage of their asking price than before, even as the overall price point decreases. The current market shows 69 active listings and 10.1 months of inventory, suggesting a buyer-favorable environment compared to the prior period. New construction activity remains steady with 8 closed sales, though the average living area has shrunk by 16.7% to 1,884 square feet. With mortgage rates at 7.28%, buyers are navigating a market where prices have adjusted downward while transaction speeds have increased. This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 108 Ellendale PL, Fredericksburg TX 78624 · MLS #4213446 Listed at $295,000, 4 bed, 2.5 bath, 1,891 sq ft. Listed 23% below the ALEX valuation; 54% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1180559834/108-Ellendale-PL-Fredericksburg-TX 2. 103 Ellendale PL, Fredericksburg TX 78624 · MLS #9998492 Listed at $285,000, 4 bed, 2 bath, 1,667 sq ft. Listed 13% below the ALEX valuation; 49% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1180139359/103-Ellendale-PL-Fredericksburg-TX 3. 114 Ellendale PL, Fredericksburg TX 78624 · MLS #3756408 Listed at $265,500, 3 bed, 2 bath, 1,474 sq ft. Listed 13% below the ALEX valuation; 47% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182517234/114-Ellendale-PL-Fredericksburg-TX 4. 101 Ellendale PL, Fredericksburg TX 78624 · MLS #1344829 Listed at $269,900, 3 bed, 2 bath, 1,474 sq ft. Listed 11% below the ALEX valuation; 46% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182517143/101-Ellendale-PL-Fredericksburg-TX 5. 488 SONOMA ST, Fredericksburg TX 78624 · MLS #8540280 Listed at $474,500, 4 bed, 3 bath, 2,290 sq ft. Listed 5% below the ALEX valuation; 39% under the local price per sq ft; price reduced 4% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182519675/488-SONOMA-ST-Fredericksburg-TX Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951