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.
Average home prices and house values for Fredericksburg TX
In town home sales for Fredericksburg TX city limits. Let’s start off again by talking about total dollar sales. In 2022 we had sold $95,975,260 worth of homes in the Fredericksburg city limits. For the first half of 2023 we have sold $67,232,025. So a significant drop of 29.94% in the total dollar volume. That is roughly the same in the total number of individual homes we sold. In 2022 we sold 146 individual homes in the city limits and in 2023 a total of 104 individual properties so a decrease of 28.76% . But as I mentioned prices are holding pretty much steady in the first half of 2022 the average home price was at $651,689 and at the midpoint of this year the average home price is $646,462 . So that is down 0.8% and I really don’t see that as a decrease in the average price of a home rather it more that we are not be seeing people paying stupid money for things like they were at the beginning of 2022. So as I’ve said before I really suspect this year home prices will be fairly flat, Im not expecting to really go up much but also really not expecting them to go down much and in all honesty it will be good for us to be flat on the appreciation rate for at least 12 months because the 24 months previous we were going up way too fast in comparison to increases of the average income. Although in reality inflation across-the-board has been out placing income for quite a few years which continues to add to the problem of affordability and housing
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