The Downtown Fredericksburg housing market is somewhat competitive. The median sale price of a home in Downtown Fredericksburg was $490K last month, up 8.9% since last year. The median sale price per square foot in Downtown Fredericksburg is $266, down 10.6% since last year.
What is the housing market like in Downtown Fredericksburg today?
In March 2024, Downtown Fredericksburg home prices were up 8.9% compared to last year, selling for a median price of $490K. On average, homes in Downtown Fredericksburg sell after 24 days on the market compared to 45 days last year. There were 12 homes sold in March this year, down from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$490,000
+8.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Fredericksburg, VA
$490,000
+8.9%
United States
To compare other locations to the Downtown Fredericksburg 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Fredericksburg housing market?
Downtown Fredericksburg is somewhat competitive. Homes sell in 34 days.
0
100
35
Somewhat 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 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 34 days.
Hot homes
can sell for around list price and go pending in around 12 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.1%
-1.1 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Fredericksburg, VA
99.1%
-1.1 pt
United States
Home offer insights for Downtown Fredericksburg
Explore recent offers and recently sold homes in Downtown Fredericksburg
Recent offers
View houses in Downtown Fredericksburg that sold recently
Learn about schools in the Downtown Fredericksburg area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown Fredericksburg housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Fredericksburg.
Risk Factor
Flood Factor - Severe
39% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Fredericksburg has a severe risk of flooding. 693 properties in Downtown Fredericksburg are likely to be
severely affected
by flooding over the next 30 years. This represents 39% of all properties in Downtown Fredericksburg. Flood risk is increasing slower than the national average.
55% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Fredericksburg has a moderate risk of wildfire. There are 1,303 properties in Downtown Fredericksburg that have some risk of being affected by wildfire over the next 30 years. This represents 55% of all properties in Downtown Fredericksburg.
98% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Fredericksburg has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Fredericksburg is most at risk from hurricanes. 2,335 properties in Downtown Fredericksburg 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 81 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Fredericksburg has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Fredericksburg have a Severe Heat Factor®.
Downtown Fredericksburg is expected to see a 142% increase in the number of days over 105ºF over the next 30 years. Downtown Fredericksburg is expected to experience 7