78624
Fredericksburg, Texas

The Fredericksburg market shows a median sale price of $524,995 as of February 2026, reflecting substantial 17.7% year-over-year appreciation despite a cooling buyer environment. Properties are spending an average of 134 days on market, indicating a significant deceleration from previous selling speeds. Only 3% of homes are selling above list price, signaling that seller pricing power has diminished considerably even as nominal prices continue climbing.

This market configuration favors patient buyers with financing secured and flexible timelines who can leverage the 134-day average marketing period to negotiate. The 3% above-list statistic suggests room for offer negotiations below asking price, particularly on properties exceeding 150 days on market. Sellers with equity captured from the 17.7% annual gain can still exit profitably, but those expecting bidding wars face a materially different environment than twelve months prior.

The PropIQ score of 51 reflects transitional risk, suggesting the 17.7% appreciation rate is unsustainable given current velocity metrics. The divergence between rising prices and extending days-on-market typically precedes price stabilization or correction as seller expectations adjust downward. Monitoring month-over-month DOM trends and the percentage of listings taking price reductions will provide early indication of whether this market shifts from deceleration into contraction.