Is Fair Oaks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$326,237
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fair Oaks was $326,237 in May 2024, up 6.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $259.5K | +15.3% |
3 Bedrooms | $295K | $325K | +10.2% |
4 Bedrooms | $365K | $360K | -1.4% |
5+ Bedrooms | $395K | $483K | +22.3% |
Summary: Fair Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 22.3%.
Housing Supply in Fair Oaks, GA
How many homes are available in Fair Oaks, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 113 | +22.8% |
Summary: The Fair Oaks real estate market had 113 homes for sale in May 2024, a 22.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 60 | 79 | +31.7% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Fair Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Fair Oaks in May 2024, up by 33.3% month-over-month. Of the 28 sold homes, 54% were sold under asking, 14% were sold at asking, and 32% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -44.1% |
Summary: Homes in Fair Oaks had an average of 13 days on market in May 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Fair Oaks; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.