The Plank Road-Route 3 housing market is very competitive. The median sale price of a home in Plank Road-Route 3 was $528K last month, up 6.6% since last year. The median sale price per square foot in Plank Road-Route 3 is $194, up 6.0% since last year.
What is the housing market like in Plank Road-Route 3 today?
In April 2024, Plank Road-Route 3 home prices were up 6.6% compared to last year, selling for a median price of $528K. On average, homes in Plank Road-Route 3 sell after 21 days on the market compared to 17 days last year. There were 7 homes sold in April this year, down from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$527,500
+6.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Plank Road-Route 3, VA
$527,500
+6.6%
United States
To compare other locations to the Plank Road-Route 3 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Fredericksburg add value to a home.
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How hot is the Plank Road-Route 3 housing market?
Plank Road-Route 3 is very competitive. Homes sell in 26 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 26 days.
Hot homes
can sell for around list price and go pending in around 9 days.
Learn about schools in the Plank Road-Route 3 area
Elementary
Middle
High
GreatSchools Rating
4/10
Hugh Mercer Elementary School
Public • K-2
866
Students
22 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Plank Road-Route 3 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Plank Road-Route 3.
Risk Factor
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Plank Road-Route 3 has a minor risk of flooding. 42 properties in Plank Road-Route 3 are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Plank Road-Route 3. Flood risk is increasing slower than the national average.
85% of properties are at risk of wildfire over the next 30 years
Fire Factor
Plank Road-Route 3 has a moderate risk of wildfire. There are 1,109 properties in Plank Road-Route 3 that have some risk of being affected by wildfire over the next 30 years. This represents 85% of all properties in Plank Road-Route 3.
61% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Plank Road-Route 3 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Plank Road-Route 3 is most at risk from hurricanes. 791 properties in Plank Road-Route 3 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 65 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 79 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Plank Road-Route 3 has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Plank Road-Route 3 have a Severe Heat Factor®.
Plank Road-Route 3 is expected to see a 128% increase in the number of days over 106ºF over the next 30 years. Plank Road-Route 3 is expected to experience 7