Is Fredericksburg, IN 47120 a buyer’s or seller’s market?
Fredericksburg is a seller’s market. With about 1.1 months of supply and 0% 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.
The Fredericksburg housing market right now
In the three months ending August 31, 2026, 0% of homes in Fredericksburg, IN 47120 sold above their list price, the typical home went under contract in 7 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (54 days then) and the median sale price fell 31% to $149,935. Overall, Fredericksburg is more competitive than a year ago, so tougher for buyers.
Within Washington County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Salem 47167 (24% sold over asking) and Pekin 47165 (10% sold over asking) are even more competitive.
Run the numbers for 47120
Nearby markets
Campbellsburg 47108Buyer’s market $181 /sq ftHardinsburg 47125Balanced $142 /sq ftPekin 47165Balanced $147 /sq ftSalem 47167Balanced $122 /sq ft Browse all markets →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 1.1 months of supply in Fredericksburg, IN 47120 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 7 days in the latest three months.
Do homes in Fredericksburg sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.4% of the list price.
What are property taxes in Fredericksburg?
About 0.63% of a home’s value a year in Washington County, or roughly $2,520 on a $400,000 home.
What is the median home price in Fredericksburg?
The median sale price was $149,935 in the three months ending August 31, 2026, about $138 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