The local real estate market in May continued to post higher rates of inventory than in the past, but also posted the highest median price ever on record.  May saw the month close out with a chart-topping median price of $489,900 compared to $474,000 a year ago, a more than 3% increase.  Those stubborn high prices didn’t deter buyers as units sold increased nearly 3% from last May with 577 homes sold in 2024 compared to 591 homes in 2025.  Robust sales coupled with high prices led to a nearly 8% increase in total sold dollar volume, besting last year’s approximately $292.4 million with $313.8 million in sales for this May.  

Stafford County led the pack again in May of 2025, posting the county’s highest median price on record of $579,000, a 5% year-over-year increase from 2024.  Stafford County has seen its median price jump over $200,000 in just 6 years.  Median price in May of 2019 was just $350,000. 

Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service increased by 24% going from 21 days last May to 26 days this year. 

Active listings exceeded 1,000 homes again this month, only the second time since 2020 that the market has seen two consecutive months of 1,000 homes or more on the market.  At the end of May 2025, there were 1,143 homes actively listed on the MLS, a more than 40% increase from the 814 homes that were for sale at the end of last May.  New listings coming onto the market were also fairly robust with 727 newly listed homes available, up nearly 20% from last May.  New pendings fell by 5% compared to last year with 583 homes under contract this May compared to 614 last year.

FAAR Board of Director Randy Walther comments, “May finally saw the beginning of spring in the Fredericksburg area. Along with better weather, the housing market continued to be strong. While prices have leveled off, they have not retreated to a lower level. However, days on market have increased somewhat and sellers seem to be entering the market with a realistic idea of value. Buyers are finding better loan rates are allowing them to put forth more competitive offers. Our inventory has increased but still has areas that are short of reaching demand. The summer should show the market staying relatively stable.”

06 10 2025 May Market Statistics