Is Fair Oaks, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fair Oaks is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Fair Oaks, GA cost?

Median Sold Price

$310,750

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$58,566(+23.2%)

Key Takeaway

Homes in Fair Oaks have sold for 23.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $171.5K$223.2K
+30.2%
3 $245K$304K
+24.1%
4 $293.5K$365K
+24.4%
5+ $314.5K$362.5K
+15.3%

Median Sold Price Compared To Nearby Cities

Fair Oaks
+23.2%
Marietta
+15.6%
Smyrna
+11.9%

How many homes are available in Fair Oaks, GA?

Number of Homes For Sale

Aug 2022Sep 2022%
9085-5.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 99
0.0%
3 5648
-14.3%
4 1818
0.0%
5+ 710
+42.9%

Number of Homes Sold

Aug 2022Sep 2022%
3023-23.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fair Oaks, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days41 Days+185.3%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fair Oaks are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fair Oaks, GA

There are 85 homes are for sale in Fair Oaks, GA real estate market. The number of homes for sale in Fair Oaks, GA decreased by 5.6% between August 2022 and September 2022. While the average time on the market in September 2022 was 41 days, the median list price was $310,750. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 30.2% more expensive, 3 bedrooms properties became 24.1% more expensive, prices of 4 bedrooms properties increased by 24.4%, prices of 5 bedrooms properties went up by 15.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 14.3%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went up by 42.9%. While more than 5 listings in Fair Oaks, GA in September 2022 were sold above asking price, there were more than 6 listings sold at asking price, and more than 7 were sold below.

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