Real Estate Market Update for Fredericksburg City County, VA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 8% from one year earlier, and up 10% 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 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 250-thousand dollars. The number of units sold increased 18% year-over-year, and increased 25% 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 City County, VA
Area Information for Fredericksburg City County, VA
  • Population: 28,455
  • Median Age: 32.45 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 2,725/sq mi
  • Population Change Since 2000: 47.63%
  • Closest Airport: Washington Dulles International
  • Closest College: University Of Mary Washington
  • Closest Jr. College: Germanna Community College
  • Median Household Income: $58,798
  • Annual Residential Turnover: 26%
  • Median Home Sales Price: $286,000
  • Closest Major Sports Team: Potomac Nationals (a)
  • Change Avg. Household Income Since 2000: 64.53%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Fredericksburg City County, VA
Median Age: 32.45 Married: 26% Number of Households: 11,206 Households with Children: 2,988
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 City County, VA

      School Name Distance Type Grades School Rating Parent Rating
      The Gladys H Oberle School 0.6 mi Private 5-12 0 0
      Original Walker Grant 0.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Hugh Mercer Elementary School 0.8 mi Public K-2 0 0
      James Monroe High School 1.0 mi Public 9-12 0 0
      Walker-grant Middle School 1.9 mi Public 6-8 0 0
      Lafayette Upper Elementary School 1.9 mi Public 3-5 0 0
      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.
      Local Weather for Fredericksburg City County, VA
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.