Fredericksburg Market Recap: Prices Drop, Sales Pick Up

Fredericksburg home prices have cooled significantly over the past six months, with the median sale price dropping to $588,400 from $648,025 in the prior period. This represents a 9.2% decline and is 35.3% lower than the same window last year when the median was $910,000. The market saw 31 closed sales in this six-month window, up from 26 previously, indicating increased activity despite lower prices. The time it takes to sell a home has also shortened. Median days on market fell to 61 days from 89 days in the prior period, a 31.5% improvement. Homes are selling for 94.1% of their original list price, slightly better than the 93.7% seen previously, though still below the 95.5% recorded last year. Inventory remains elevated with 70 active listings and an estimated 13.1 months of supply based on recent sales pace. This suggests a continued buyer advantage in terms of selection and negotiation leverage. The median price per square foot dropped to $294 from $344, reflecting both lower prices and smaller average home sizes sold recently. ALEX Intelligence analyzed these figures to provide a clear view of the current Fredericksburg market conditions for buyers and sellers navigating this transition period. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Coverage: most home sales in Fredericksburg are listed in the Central Hill Country MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog