Is Fair Oaks Ranch, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fair Oaks Ranch has remained a Seller's Market.
Key Takeaway
Fair Oaks Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fair Oaks Ranch, TX
How much do homes in Fair Oaks Ranch, TX cost?
Median Sold Price
$769,950
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fair Oaks Ranch have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Fair Oaks Ranch was $769,950 in May 2024, up 8.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $265K | N/A |
| 3 Bedrooms | $580.5K | $660K | +13.7% |
| 4 Bedrooms | $737.9K | $805K | +9.1% |
| 5+ Bedrooms | $865K | $803.5K | -7.1% |
Summary: Fair Oaks Ranch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Fair Oaks Ranch | $711K | $769.9K | +8.3% |
| San Antonio North | $424.6K | $430K | +1.3% |
| San Antonio | $299.9K | $295K | -1.6% |
| Canyon Lake | $481.4K | $455.6K | -5.4% |
Housing Supply in Fair Oaks Ranch, TX
How many homes are available in Fair Oaks Ranch, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The Fair Oaks Ranch real estate market had 52 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Fair Oaks Ranch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Oaks Ranch, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fair Oaks Ranch in May 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Fair Oaks Ranch, TX
How long does it take to sell a home in Fair Oaks Ranch, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 133 Days | 43 Days | -67.1% |
Summary: Homes in Fair Oaks Ranch had an average of 43 days on market in May 2024, down by 67.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fair Oaks Ranch are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Fair Oaks Ranch; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved. 
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.