Fredericksburg TX Real Estate Market Report
Showing average land, ranch and home prices in Fredericksburg and Gillespie County TX.
Home Sales Land Sales Tax Receipts Population Projection
2023 Year End Real Estate Report
Fredericksburg and Gillespie County
The Fredericksburg TX and Gillespie County TX Real Estate Market Report also includes data and economic indicators such as sales tax receipts for the City and County as well as Lodging Receipts. Based on information from the Central Hill Country Board of REALTORS® MLS for the period 2006 through dates indicated on charts.
Total Real Estate Sales listed by year for Fredericksburg TX & all of Gillespie County TX
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Year End | |
2007 | $20,550,052 | $41,849,699 | $26,903,207 | $22,276,901 | $111,579,859 |
82 sold | 130 sold | 95 sold | 99 sold | 406 sold / DOM 289 | |
2008 | $21,698,619 | $34,673,597 | $24,301,789 | $18,742,435 | $99,416,440 |
85 sold | 127 sold | 80 sold | 46 old | 338 sold / DOM 278 | |
2009 | $10,335,475 | $17,860,263 | $21,937,743 | $19,929,626 | $70,063,707 |
39 sold | 78 sold | 82 sold | 68 sold | 267 sold / DOM 264 | |
2010 | $17,808,681 | $22,084,624 | $15,911,120 | $20,136,867 | $75,941,292 |
58 sold | 84 sold | 67 sold | 77 sold | 286 sold / DOM 266 | |
2011 | $19,726,581 | $25,781,256 | $20,332,439 | $18,093,853 | $84,131,129 |
55 sold | 87 sold | 86 sold | 70 sold | 302 sold / DOM 317 | |
2012 | $14,784,797 | $29,544,048 | $26,582,655 | $27,347,027 | $98,656,327 |
62 sold | 99 sold | 88 sold | 92 sold | 341 sold / DOM 315 | |
2013 | $14,281,980 | $46,184,125 | $39,155,282 | $32,444,465 | $137,742,485 |
51 sold | 150 sold | 127 sold | 124 sold | 476 sold / 337 DOM | |
2014 | $24,658,162 | $43,695,769 | $34,181,526 | $40,634,788 | $143,170,245 |
98 sold | 137 sold | 136 sold | 126 sold | 497 sold / DOM 274 | |
2015 | $44,491,598 | $54,408,196 | $41,815,840 | $47,597,329 | $189,120,688 |
114 sold | 155 sold | 140 sold | 123 sold | 532 sold / DOM 351 | |
2016 | $39,892,227 | $61,782,874 | $57,999,814.00 | $52,636,018 | $216,809,591 |
113 sold | 139 Sold | 151 Sold | 102 | 524 sold / DOM 275 | |
2017 | $57,839,331.00 | $88,746,683.00 | $62,696,709 | $49,775,141 | $259,417,864 |
143 Sold | 179 Sold | 146 Sold | 114 Sold | 582 Sold / DOM 252 | |
2018 | $51,356,335 | $72,937,701 | $65,060,884.00 | $41,704,423.00 | $231,059.343 |
122 sold | 175 sold | 149 Sold | 116 sold | 253 dom / 568 units | |
2019 | $57,083,656.00 | $73,202,488 | $76,783,684 | $49,039,814 | $256,109,642 |
120 Sold | 173 sold | 157 sold | 126 Units | 206 DOM/ 576 units | |
2020 | $66,105,904.00 | $62,500,491 | $135,912,212 | $146,847,269 | $411,365,865 |
160 sold | 129 Sold | 237 sold | 270 Sold | 329 DOM / 796 Units | |
2021 | $122,250,180 | $131,965,658 | $152,353,603 | $134,444,930 | $541,014,371 |
234 Sold | 248 Sold | 237 Sold | 170 units | 196 dom / 919 Units | |
2022 | $121,072,423 | $157,971,692 | $94,880,124 | $72,834,495 | $445,322,828 |
180 Sold | 180 Sold | 117 Sold | 110 Sold | 125 dom/ 592 Units | |
2023 | $65,337,828 | $115,462.101 | $96,704,808 | $64,709,173 | $342,213,910 |
90 units | 152 units | 121 units | 88 units | 162 dom / 451 Units |
Fredericksburg TX Real Estate Market Report
I’m sure you didn’t have to watch this video to know that the real estate market was certainly much slower in 2023 than the past couple of years and with the doom and gloom you see on TV, you may think its just been awful with dramatic price drops. However, Fredericksburg and Gillespie County have held up pretty well. We did see a lot less volume in total sales, as expected, but nothing earth shattering, just slower pace, with prices remaining mostly level and not the very high appreciation rates we were seeing.
Total dollars sales for all of Gillespie County in 2022 was $445,322,828 compared to last year in 2023 we sold $342,213,910. That’s a pretty significant drop of 23.15%. The slower volume of dollar saleswas seen in the number of individual properties that traded hands. In 2022, we had 592 transactions in Gillespie Country and in 2023 there were 451 real estate transactions, down by 23.82%.
There can be a number of causes for the drop, including, high interest rates (a big factor), economic instability, and really high inflation, which dug into most folks pocket books and hurt expendable income. As usual, I put a lot of this on Fed policy.
As we head into 2024, I believe we will see things start to pick up again, not at the same speed of 2021 or 2022, but we should see total volume a little higher this year, not only in Fredericksburg but most of Texas. Feds have indicated interest rates will be coming down, which should help. Plus, the Texas economy is still very strong. At the Fredericksburg Economic Forum, one of the economist shared that in the last 12 months, 25% of all the jobs created in the Unites States were created in Texas! Really amazing when you think about it. In addition, there is a lot of cash out there thats been sitting on the sidelines patiently waiting and watching the result of the economy while the dollar continues to loose value. With that said, I anticipate a big surge of cash buyers early this years as people look to protect their money. Real Estate is one of the safest bets out there to keep up, or even out inflation. I also bet a lot of folks are going to take at least some of the gains they have made in the stock market in the last few months and diversify some of those gains into real estate. 2023 was a slower year, however, Texas will start pulling out quicker than most places and if you reside in Texas, it’s hard to find a better spot to be than Fredericksburg, Texas.
Please feel free to contact me with any questions and I will be happy to help. Email me at mike@mikestarks.com or call with any questions.
Office (830) 990-8708
Cell (830) 456-3532
Real Estate in Fredericksburg Texas – Homes, Acreage, Land, Commercial property and Ranches for sale. Search MLS listings here for Fredericksburg, Doss, Harper, Stonewall and all of Gillespie County. Mike Starks with RE/MAX Town & Country.