The University-Central Route 1 housing market is somewhat competitive. The median sale price of a home in University-Central Route 1 was $570K last month, up 15.1% since last year. The median sale price per square foot in University-Central Route 1 is $198, down 3.9% since last year.
What is the housing market like in University-Central Route 1 today?
In March 2024, University-Central Route 1 home prices were up 15.1% compared to last year, selling for a median price of $570K. On average, homes in University-Central Route 1 sell after 36 days on the market compared to 22 days last year. There were 4 homes sold in March this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$569,750
+15.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
University-Central Route 1, VA
$569,750
+15.1%
United States
To compare other locations to the University-Central Route 1 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 University-Central Route 1 housing market?
University-Central Route 1 is somewhat competitive. Homes sell in 34 days.
0
100
51
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 12 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 34 days.
Hot homes
can sell for about 2% above list price and go pending in around 8 days.
Learn about schools in the University-Central Route 1 area
Elementary
Middle
High
GreatSchools Rating
2/10
Hugh Mercer Elementary School
Public • K-2
916
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 University-Central Route 1 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in University-Central Route 1.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
University-Central Route 1 has a moderate risk of flooding. 114 properties in University-Central Route 1 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in University-Central Route 1. Flood risk is increasing slower than the national average.
56% of properties are at risk of wildfire over the next 30 years
Fire Factor
University-Central Route 1 has a moderate risk of wildfire. There are 548 properties in University-Central Route 1 that have some risk of being affected by wildfire over the next 30 years. This represents 56% of all properties in University-Central Route 1.
55% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
University-Central Route 1 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. University-Central Route 1 is most at risk from hurricanes. 535 properties in University-Central Route 1 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
University-Central Route 1 has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in University-Central Route 1 have a Severe Heat Factor®.
University-Central Route 1 is expected to see a 142% increase in the number of days over 106ºF over the next 30 years. University-Central Route 1 is expected to experience 8