Is Fredericksburg, VA 22408 a buyer’s or seller’s market?
Fredericksburg is a seller’s market. With about 2.1 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 71% of U.S. ZIP codes, and #133 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Fredericksburg housing market right now
In the three months ending August 31, 2026, 30% of homes in Fredericksburg, VA 22408 sold above their list price, the typical home went under contract in 36 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 129 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (34 days then) and the median sale price rose 10% to $484,790. Overall, Fredericksburg is less competitive than a year ago, which gives buyers more room.
Within Spotsylvania County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Fredericksburg ranks #133 of 358 VA ZIP codes with enough sales (score 67 out of 100).
Nearby, buyers who want less competition could look at Spotsylvania 22553 (11% sold over asking) or Partlow 22534 (25% sold over asking).
Run the numbers for 22408
Nearby markets
Fredericksburg 22407Seller’s market $219 /sq ftPartlow 22534Seller’s market $267 /sq ftSpotsylvania 22551Seller’s market $236 /sq ftSpotsylvania 22553Seller’s market $210 /sq ft Browse all markets →Towns like Fredericksburg nearby
Find towns like Fredericksburg in other states →Where Fredericksburg is
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Questions about Fredericksburg real estate
Is Fredericksburg a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Fredericksburg, VA 22408 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Fredericksburg?
The typical home went under contract in 36 days in the latest three months.
Do homes in Fredericksburg sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Fredericksburg?
About 0.58% of a home’s value a year in Spotsylvania County, or roughly $2,320 on a $400,000 home.
What is the median home price in Fredericksburg?
The median sale price was $484,790 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology