This chart shows the history of the Fredericksburg TX real Estate Market report average home price with home values and median price per foot for in the City Limits.
Total Sales Land Sales Tax Receipts Population Projection
Average home prices and house values for Fredericksburg TX
Total Sells | Total Units | Avg price | Avg DOM | Avg Price per ft | |
2006 | $42,118,831 | 152 | $232,683 | 178 | $132.96 |
2007 | $36,974,483 | 156 | $237,016 | 187 | $140.05 |
2008 | $29,065,945 | 126 | $230,682 | 199 | $131.83 |
2009 | $29,659,400 | 133 | $223,003 | 196 | $134.02 |
2010 | $29,096,349 | 141 | $206,357 | 207 | $125.79 |
2011 | $31,936,250 | 145 | $232,589 | 198 | $129.26 |
2012 | $38,430,507 | 162 | $237,225 | 184 | $133.36 |
2013 | $53,416,520 | 208 | $256,810 | 182 | $137.98 |
2014 | $51,055,562 | 202 | $252,750 | 159 | $150.18 |
2015 | $62,714,410 | 210 | $298,640 | 119 | $168.28 |
2016 | $71,673,589 | 206 | $361,726 | 120 | $180.66 |
2017 | $85,713,754 | 222 | $386,098 | 120 | $209.92 |
2018 | $86,373,171 | 231 | $373,909 | 143 | $205.90 |
2019 | $100,658,759 | 258 | $390,150 | 123 | $213.62 |
2020 | $149,995,717 | 328 | $457,304 | 134 | $237.39 |
2021 | $193,539,773 | 352 | $549,829 | 110 | $302.82 |
2022 | $166,241,556 | 252 | $659,689 | 113 | $355.47 |
2023 | $132,439,124 | 213 | $631,780 | 132 | $334.19 |
2023 | Without STR | 165 | $554,886 | 136 | $282.92 |
Note: Short term rental sales will no longer be included in the average home sales data beginning in 2023.
Total Sales | Total Units | Avg Price | Avg DOM | Avg Price Per Ft | |
2023 | $92,145,599 | 165 | $554,886 | 156 | $282.92 |
2024 Mid Year | $39,655,409 | 71 | $558,527 | 155 | $288.12 |
Average Short Term Rental Prices for Fredericksburg TX
Total Sales | Total Units | Avg Price | Avg DOM | Avg Price per ft | |
2023 | $39,443,950 | 46 | $857,477 | 136 | $471.68 |
2024 Mid Year | 21,241,900 | 31 | 685,223 | 134 | $465.16 |
For the first half of 2024, you’ll see a majority of the decline in total dollar sales in the county was in residential properties with the hardest hit being in townhomes. so if we look in the city of Fredericksburg for 2024 we’ve sold $39,655,409 worth of real estate and for the first half of 2023 we sold $46,114,200 that’s a drop of 16.28% year to year. And the number of Home sold in the city limits show about the same result with 71 home selling in the first half of 2024 and 80 home selling in the first half of 2023 in the city limits, so a declined of 12.67%. Now, when you first hear those stats, I just spit out you’re probably thinking man. Fredericksburg’s home market is really taking the beating and from the perspective in total sales we are certainly down, but pricing is actually holding steady and even showing a little improvement over last year. In 2023 we ended the year with an average price of $282.92 per foot and for the first half of 2024 the average home price in the Fredericksburg city limits is $288.12 per foot so very modest increase of 1.83% but point being even though total homes volume is down prices remain relatively steady although I am seeing some cases where if a seller really wants out there making more concessions than usual, but this is more of the exception than the rule. Same can be seen with the average home price where we ended 2023 at an average price in the city limits of $554,886 and as of June 30, 2024 the average home price in Fredericksburg was $558,527 so again very modest .65% increase.
Short term Rentals in 2024 Mid Year – So the first half of 2023 we sold 21 short term rentals in the city limits and in 2024 we sold 31 short term rentals in the city limits. So 47.61% increase. If you’re trying to sell a short term rental, that price sounds like great news, but honestly, the big jump in the number of cells. It’s mainly because we have more STR on the market than we probably ever had at one time in the past. Right now 66 of the 195 homes for sale in Fredericksburg are STRS , that 33.3 % of whats for sale is an STR. And STRs prices.are still out preforming single-family residential sales. As of the first six months of 2024 the average STR price is at $465.16 per foot compared to the average single-family residential home price of $288.12 per foot. So still a big difference in pricing and as I mentioned previously it will be very interesting to see just how far the spread between an single family home and an STR grows in the coming years now that the city has made it so difficult to get new permits.
email me at mike@mikestarks.com or call with any questions
Office (830) 990-8708
Cell (830) 456-3532