Is Fairbanks Ranch, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fairbanks Ranch was a Seller's Market.
Key Takeaway
Fairbanks Ranch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairbanks Ranch, CA
How much do homes in Fairbanks Ranch, CA cost?
Median Sold Price
$4,126,500
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairbanks Ranch have sold for 10% more than they did a year ago.
Summary: The median home sold price in Fairbanks Ranch was $4,126,500 in April 2024, up 10% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $1.1M | +2.0% |
| 3 Bedrooms | $1.7M | $1.5M | -6.2% |
| 4 Bedrooms | $3.8M | $3.9M | +3.3% |
| 5+ Bedrooms | $5.1M | $4.7M | -7.3% |
Summary: Fairbanks Ranch 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 2%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in Fairbanks Ranch, CA
How many homes are available in Fairbanks Ranch, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The Fairbanks Ranch real estate market had 35 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Fairbanks Ranch 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairbanks Ranch, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fairbanks Ranch in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Fairbanks Ranch, CA
How long does it take to sell a home in Fairbanks Ranch, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 36 Days | +42.8% |
Summary: Homes in Fairbanks Ranch had an average of 36 days on market in Apr 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairbanks Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Fairbanks Ranch; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.