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Fredericksburg Virginia Home Prices

Stafford, Spotsylvania, and Fredericksburg Real Estate
From 1998 to present, the homes for sale in Fredericksburg, Stafford, Spotsylvania, have followed a similar trend. As demand increased (as measured by decreased Days-On-Market) the median sold prices showed a larger year-to-year increase. Stafford County's closer proximity to Northern Virginia is the likely reason that the median selling prices have been generally higher. The large variations in the Fredericksburg homes for sale data may be explained by the periodic opening of new housing developments and by Fredericksburg’s smaller data set compared with surrounding counties.

Comparison of Fredericksburg Virginia Home Prices
The following table compares the median sold price, the percentage year-to-year rise in prices, and the number of Days-On-Market (DOM) for Stafford, Spotsylvania, and Fredericksburg real estate markets.

Stafford Spotsylvania Fredericksburg

Year Sold Price Change DOM Sold Price Change DOM Sold Price Change DOM

1998 $150,357 0.75% 173 $122,350 2.82% 171 $115,000 -6.8% 196

1999 $152,254 5.00% 105 $129,400 5.72% 108 $130,200 13.2% 158

2000 $157,000 3.29% 80 $135,000 4.65% 87 $126,500 -3.6% 97

2001 $172,000 9.55% 50 $146,000 8.15% 57 $140,000 10.7% 92

2002 $199,950 16.3% 38 $167,500 14.7% 42 $159,500 13.9% 42

2003 $239,900 20.0% 39 $190,000 13.4% 42 $239,900 50.4% 66

2004 $290,000 20.9% 31 $241,590 27.2% 33 $186,950 -22.1% 35

2005 $379,000 30.7% 28 $305,000 36.3% 32 $334,000 78.7% 41

2006 $380,000 0.28% 74 $315,000 3.28% 77 $355,000 6.29% 70

2007 $360,000 -5.26 124 $295,000 -6.35 126 $285,000 -19.72% 101

Source: Metropolitan Regional Information System (MRIS).

The information provided here is believed to be accurate but not guaranteed. Because the decision to purchase or sell real estate is one of life's most important financial decisions, multiple sources of information should be considered in making an informed decision. Consult your accountant, financial planner, attorney and Fredericksburg real estate agent.

We would appreciate any feedback or suggestions on the statistics provided here. And, please contact us if you would like us to provide you with specialize analysis on the Fredericksburg real estate market.

	Stafford			Spotsylvania			Fredericksburg
Year	Sold Price	Change	DOM	Sold Price	Change	DOM	Sold Price	Change	DOM
1998	$150,357	0.75%	173	$122,350	2.82%	171	$115,000	-6.8%	196
1999	$152,254	5.00%	105	$129,400	5.72%	108	$130,200	13.2%	158
2000	$157,000	3.29%	80	$135,000	4.65%	87	$126,500	-3.6%	97
2001	$172,000	9.55%	50	$146,000	8.15%	57	$140,000	10.7%	92
2002	$199,950	16.3%	38	$167,500	14.7%	42	$159,500	13.9%	42
2003	$239,900	20.0%	39	$190,000	13.4%	42	$239,900	50.4%	66
2004	$290,000	20.9%	31	$241,590	27.2%	33	$186,950	-22.1%	35
2005	$379,000	30.7%	28	$305,000	36.3%	32	$334,000	78.7%	41
2006	$380,000	0.28%	74	$315,000	3.28%	77	$355,000	6.29%	70
2007	$360,000	-5.26	124	$295,000	-6.35	126	$285,000	-19.72%	101
Source: Metropolitan Regional Information System (MRIS).