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 April 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
$760,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fair Oaks Ranch was $760,000 in April 2024, up 2.7% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $265K | N/A |
3 Bedrooms | $599.5K | $658.5K | +9.8% |
4 Bedrooms | $799.5K | $780K | -2.4% |
5+ Bedrooms | $886K | $808K | -8.8% |
Summary: Fair Oaks Ranch 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 did not change, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
San Antonio | $285.6K | $295.1K | +3.3% |
Fair Oaks Ranch | $740K | $760K | +2.7% |
San Antonio North | $420K | $426.2K | +1.5% |
Canyon Lake | $513.7K | $453.8K | -11.7% |
Housing Supply in Fair Oaks Ranch, TX
How many homes are available in Fair Oaks Ranch, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Fair Oaks Ranch real estate market had 48 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Fair Oaks Ranch 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fair Oaks Ranch in April 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
100 Days | 63 Days | -37.2% |
Summary: Homes in Fair Oaks Ranch had an average of 63 days on market in Apr 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Fair Oaks Ranch; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.