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 March 2023
Since last year, Fair Oaks Ranch has remained a Seller's Market.
Housing Prices in Fair Oaks Ranch, TX
How much do homes in Fair Oaks Ranch, TX cost?
Median Sold Price
$755,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fair Oaks Ranch was $755,000 in March 2024, up 2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $265K | N/A |
3 Bedrooms | $600K | $640.9K | +6.8% |
4 Bedrooms | $800K | $786.2K | -1.7% |
5+ Bedrooms | $892.5K | $803.5K | -10.0% |
Summary: Fair Oaks Ranch 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 did not change, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
San Antonio | $284K | $294.9K | +3.9% |
Fair Oaks Ranch | $739.9K | $755K | +2.0% |
San Antonio North | $420K | $424.9K | +1.2% |
Canyon Lake | $514.9K | $458.4K | -11.0% |
Housing Supply in Fair Oaks Ranch, TX
How many homes are available in Fair Oaks Ranch, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The Fair Oaks Ranch real estate market had 43 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 8 | 14 | +75.0% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Fair Oaks Ranch 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 100%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fair Oaks Ranch in March 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 100 Days | +33.9% |
Summary: Homes in Fair Oaks Ranch had an average of 100 days on market in Mar 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Fair Oaks Ranch; 22% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.