$4,809 Closing Credit*
$405,000
1,200 SqFt
5 Beds
•2 Full Baths
Jason Roby, Listing Office: Roby Residential Group
Is Fair Oaks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Fair Oaks was a Seller's Market.
Key Takeaway
Fair Oaks 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 Fair Oaks, GA
How much do homes in Fair Oaks, GA cost?
Median Sold Price
$330,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$23,000(+7.5%)
Key Takeaway
Homes in Fair Oaks have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Fair Oaks was $330,000 in August 2024, up 7.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $255K | +13.3% |
| 3 Bedrooms | $300K | $330K | +10.0% |
| 4 Bedrooms | $360K | $375K | +4.2% |
| 5+ Bedrooms | $395K | $399.5K | +1.1% |
Summary: Fair Oaks housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Fair Oaks, GA
How many homes are available in Fair Oaks, GA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 105 | 125 | +19.0% |
Summary: The Fair Oaks real estate market had 125 homes for sale in August 2024, a 19.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 62 | 70 | +12.9% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Fair Oaks housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Oaks, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Fair Oaks in August 2024, down by 13.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | +4.3% |
Summary: Homes in Fair Oaks had an average of 21 days on market in Aug 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 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 August 2024, 20 homes were sold in Fair Oaks; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% 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.