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 | 186 | $554,886 | 136 | $282.92 |
2024 Q1 | $18,831,532 | 35 | $538,044 | 147 | $286.42 |
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 Q1 | $9,120,250 | 15 | $608,017 | 153 | $496.72 |
For the first quarter of 2024 we have sold 35 homes with the value of $18,831,532 compared to the first quarter of 2023 where we had sold 32 homes with a value of $17,741,390. So the total dollar of sales is up by 6.41% and the number of individual home sold is up by 9.37%. Then take a look at how home prices are doing let’s start with the average price per foot of a home in Fredericksburg city limits. For 2024 the average price per foot for the first quarter is $286.42 per foot compared to the first quarter of 20 23 when the average price per foot was $282.92 per foot. That’s modest increase of 1.24%. putting the average price of a home and Fredericksburg for the first quarter of this year at $538,044 . Please note that effective 2024 STR sales numbers will be calculated separately form single family home sales
Short term Rentals in 2024 first quarter – we’ve sold 15 short term rentals for a value of $9,120,250 compared to 2023 first quarter where we sold 7 short term rentals for a total value of $6,999,000. So thats an increase 30.3% in total dollars ales for the 1st quarter o this year . And to look at prices the average sold price per foot of an STR in 2023 $459.90 compared to the first quarter of 2024 where the average price per foot is $496.72 an increase of 8.06% and the average STR price right now for the 1st quarter of 24 is $608.017 which sounds kinda low but that is because so far this year most of what has sold has been smaller units with an average of only 1267 sqft feet
email me at mike@mikestarks.com or call with any questions
Office (830) 990-8708
Cell (830) 456-3532