Is Fair Oaks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fair Oaks has remained a Seller's Market.
Housing Prices in Fair Oaks, GA
How much do homes in Fair Oaks, GA cost?
Median Sold Price
$325,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fair Oaks was $325,000 in April 2024, up 4.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $258.5K | +14.9% |
3 Bedrooms | $300K | $325K | +8.3% |
4 Bedrooms | $374K | $360K | -3.7% |
5+ Bedrooms | $365K | $461.5K | +26.4% |
Summary: Fair Oaks 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 14.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 26.4%.
Housing Supply in Fair Oaks, GA
How many homes are available in Fair Oaks, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 103 | +22.6% |
Summary: The Fair Oaks real estate market had 103 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 57 | 68 | +19.3% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fair Oaks 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 20%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Fair Oaks in April 2024, down by 5.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 21 Days | -28.9% |
Summary: Homes in Fair Oaks had an average of 21 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Fair Oaks; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.