Is Fair Oaks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$318,250
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fair Oaks have sold for 1% more than they did a year ago.
Summary: The median home sold price in Fair Oaks was $318,250 in March 2024, up 1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $253.5K | +12.7% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $375.5K | $375K | -0.1% |
| 5+ Bedrooms | $367.5K | $440K | +19.7% |
Summary: Fair Oaks housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 19.7%.
Housing Supply in Fair Oaks, GA
How many homes are available in Fair Oaks, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 94 | 92 | -2.1% |
Summary: The Fair Oaks real estate market had 92 homes for sale in March 2024, a 2.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 57 | 64 | +12.3% |
| 4 Bedrooms | 22 | 16 | -27.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Fair Oaks housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Fair Oaks in March 2024, down by 39.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 20 Days | -36.6% |
Summary: Homes in Fair Oaks had an average of 20 days on market in Mar 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
12 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 March 2024, 17 homes were sold in Fair Oaks; 71% of homes were sold within 30 days, 24% 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.