Fredericksburg Market Report

    2017 Year End Market Report

    Nationally, the median home price is now $246,800.  In Texas, the housing market held steady as sales rose 4%, maintaining the current four-year average.  The median sale price increased 5.8%, to an annual average of $222,106.  Texas housing affordability remained favorable compared to other states but, continued the steady decline that began in 2013.  Rapid price increases, fueled by shortages of homes priced under $300,000, has challenged Texas buyers.  In 2018, single-family housing sales are projected to reach 6.6% growth before moderating in 2019.

    Here in Fredericksburg, the number of in-town home sales in 2017 rose 6%.  The median home price increased 13% from $297,000 to $342,675, and the price per square foot rose 7.7% from $167.47 to $181.50.  Days on Market stayed almost the same as 2016, at 121 vs 119.

    In 2017, there were 96 Homes on Acreage that sold.  The Median selling price increased 12% over 2016 from $424,500 to $484,000. With the median per square foot price increasing 15% from 177.32 to $209.50.

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