Market Statistics
SmartCharts that provide up-to-date market statistics in the region.Looking for in-depth historical data?
FAAR Monthly Housing Market Press Release
Narrative about the market produced each month by FAAR
Virginia Realtors® Quarterly Report
Detailed quarterly report exploring housing, employment, and business data points broken down by locality
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Market News
Local Real Estate Prices Continue to Rise Despite Uncertainty
The February real estate market continued the trend of increasing prices paired with varying demand across the local footprint. The regional median price soared nearly 6% in February of 2025, coming in at $460,000 compared to $435,000 last year. While prices remained...
FAAR Sends Letter of Concern on King George Septic Issue
It has recently come to our attention that Stafford County is no longer accepting wastewater from King George County, forcing local citizens to pay higher costs to have their septic systems pumped or inspected. Since there is no wastewater processing capacity for...
2025 Local Real Estate Market Starts With Rising Prices Amid Uncertainty
The local real estate market kicked off 2025 with higher prices and total sold volume, but slightly fewer sales and a lot more homes on the market against a backdrop of uncertainty with the potential for major changes in the federal workforce. Total sold dollar...
King George County looks to major downzoning to stop growth in rural areas
On November 4, 2024, the King George County Board of Supervisors voted 5-0 to send a resolution to the Planning Commission to initiate a text amendment to dramatically increase minimum lot sizes in all three agricultural zoning districts. These changes would impact...
2024 Housing Market Sees Cautious Buyers and Sellers Amid High Prices and Low Inventory
“The Fredericksburg area real estate market in 2024 was marked by constrained inventory, making it a challenging year for buyers and sellers alike,” comments 2025 FAAR President Lauren Tate. “Buyers faced intense competition, rising interest rates, and affordability...
November real estate market picked up steam
As 2024 draws to a close, the Fredericksburg regional housing market saw big increases in median price and units sold, while active listings continue to slowly expand. Total sold dollar volume increased a whopping 46% in November, coming in at approximately $244...
City of Fredericksburg considers expanding housing affordability
The City of Fredericksburg is hosting a public hearing and potential final vote on the affordable housing project, Jeremiah Community, proposed by Micah Ecumenical Ministries. Micah Ministries is looking to build 100+ affordable units off Fall Hill Avenue and the...
Price, Inventory Up as Units Sold Remains Steady
The regional median home price was up year-over-year for the 18th month in a row this October, though at a lower percentage than many previous months. The median sold price settled at $455,000 in October of 2024 compared to $440,000 in October of 2023, representing a...
FAAR sends letter of concern on Stafford County impact fees
Stafford County is currently considering a change to its current Transportation Impact Fee of $2,999. FAAR is concerned that the exorbitant fee will further impact housing affordability in the County and place an undue burden on purchasers of new home construction....
FAAR sends letter of concern on new rental property inspection guidelines
FAAR recently sent a letter to Virginia Housing, the agency that administers the Section 8 Housing Choice Voucher program in our region, expressing concerns about the new NSPIRE property inspection guidelines that HUD has issued for any properties being rented through...
BrightMLS Data by Locality
