Real Estate Market Update for Fredericksburg, VA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 3% from one year earlier, and up 2% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 250-thousand dollars. The number of units sold increased 6% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Fredericksburg, VA
Area Information for Fredericksburg, VA
  • Population: 25,334
  • Median Age: 28.94 yr
  • Median Commute Time: 15.59 mins
  • Educational Climate*: 4
  • Sales Tax: 5%
  • Population Density: 2,427/sq mi
  • Population Change Since 2000: 31.42%
  • Closest Airport: Washington Dulles International
  • Closest College: University Of Mary Washington
  • Closest Jr. College: Germanna Community College
  • Median Household Income: $44,029
  • Annual Residential Turnover: 26.25%
  • Median Years in Residence: 2.48 yr
  • Median Home Sales Price: $241,250
  • Closest Major Sports Team: Nationals
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Fredericksburg, VA
Median Age: 28.94 Married: 21% Number of Households: 9,933 Households with Children: 2,693
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Fredericksburg, VA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      The Gladys H Oberle School 0.7 mi Private 3-12 0 0
      Childrens House Of Old Town 0.7 mi Private PRESCHOOL-K 0 0
      The James Monroe High School 0.8 mi Public 9-12 2-5 4
      Original Walker Grant 0.9 mi Public PRESCHOOL-PRESCHOOL 0 0
      South Stafford Christian School 1.0 mi Private K-12 0 4
      Hugh Mercer Elem 1.3 mi Public K-2 0 3
      Ferry Farm Elem 1.7 mi Public K-5 2-5 5
      Ferry Farm Baptist Church Preschool/kindergarten 1.8 mi Private PRESCHOOL-K 0 0
      The Marshall School 1.9 mi Private 2-8 0 0
      Fredericksburg Christian Schools 2.2 mi Private PRESCHOOL-12 0 3
      Falmouth Elem 2.3 mi Public K-5 2-5 4
      Odyssey Montessori 2.6 mi Private PRESCHOOL-12 0 4
      Edward E Drew Jr Middle School 2.7 mi Public 6-8 2-5 4
      Walker Grant Middle School 2.7 mi Public 6-8 2-5 4
      Lafayette Upper Elementary 2.7 mi Public 3-5 2 4
      Grafton Village Elem 2.7 mi Public PRESCHOOL-5 2-5 4
      Donald B. Dixon-lyle R. Smith Middle School 2.8 mi Public 6-8 3-5 5
      Conway Elementary 2.8 mi Public PRESCHOOL-5 3-5 4
      Spotswood Elem 3.7 mi Public K-5 1 4
      Faith Baptist School 3.8 mi Private K-12 0 4
      Stafford Sr High School 4.0 mi Public 9-12 3 3
      Salem Elem 4.1 mi Public PRESCHOOL-5 2-5 3
      Fredericksburg Academy 4.1 mi Private PRESCHOOL-12 0 4
      Lighthouse Academy Of Fredericksburg 4.3 mi Private PRESCHOOL-11 0 4
      Blake Farm Dayschool 4.4 mi Private PRESCHOOL-7 0 0
      T Benton Gayle Middle School 4.6 mi Public 6-8 3-5 3
      St Michael The Archangel High School 5.2 mi Catholic 9-12 0 0
      Harrison Road Elem 5.3 mi Public PRESCHOOL-5 2-5 3
      Battlefield Middle School 5.3 mi Public 6-8 2-5 5
      Battlefield Elem 5.3 mi Public K-5 2 3
      Chancellor Middle School 5.3 mi Public 6-8 2 4
      Chancellor High 5.3 mi Public 9-12 1 3
      Holy Cross Academy 5.3 mi Catholic PRESCHOOL-8 0 4
      Lee Hill Elem 5.5 mi Public PRESCHOOL-5 2-5 4
      Rocky Run Elementary School 5.6 mi Public K-5 3 3
      Cedar Forest Elementary School 6.1 mi Public PRESCHOOL-5 2 4
      Riverbend High School 6.3 mi Public 9-12 3 4
      Chancellor Elem 6.6 mi Public PRESCHOOL-5 4-5 5
      Fredericksburg Christian School 6.6 mi Private PRESCHOOL-12 0 4
      Tree Of Life Christian Prep School 6.9 mi Private K-8 0 5
      Freedom Middle School 7.3 mi Public 6-8 3-5 4
      Smith Station Elem 7.4 mi Public K-5 2 3
      Parkside Elem 8.2 mi Public PRESCHOOL-5 3 4
      Hartwood Elem 8.7 mi Public PRESCHOOL-5 3 4
      Massaponax High School 9.0 mi Public 9-12 2-5 4
      St Patrick School 11.7 mi Catholic PRESCHOOL-8 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Fredericksburg, VA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.