Is Fair Oaks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fair Oaks has remained a Seller's Market.
Key Takeaway
Fair Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fair Oaks, GA
How much do homes in Fair Oaks, GA cost?
Median Sold Price
$325,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fair Oaks have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Fair Oaks was $325,000 in April 2024, up 4.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $258.5K | +14.9% |
| 3 Bedrooms | $300K | $325K | +8.3% |
| 4 Bedrooms | $374K | $360K | -3.7% |
| 5+ Bedrooms | $365K | $461.5K | +26.4% |
Summary: Fair Oaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 26.4%.
Housing Supply in Fair Oaks, GA
How many homes are available in Fair Oaks, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 103 | +22.6% |
Summary: The Fair Oaks real estate market had 103 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 57 | 68 | +19.3% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fair Oaks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Oaks, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Fair Oaks in April 2024, down by 5.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Fair Oaks, GA
How long does it take to sell a home in Fair Oaks, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -28.9% |
Summary: Homes in Fair Oaks had an average of 21 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fair Oaks are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Fair Oaks; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.