Is Fair Oaks Ranch, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fair Oaks Ranch is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Fair Oaks Ranch has remained a Buyer's Market.

Key Takeaway

Fair Oaks Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fair Oaks Ranch, TX

How much do homes in Fair Oaks Ranch, TX cost?

Median Sold Price

$750,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$500(+0.1%)

Key Takeaway

The sold price of homes in Fair Oaks Ranch has remained the same since last year.

Summary: The median home sold price in Fair Oaks Ranch was $750,000 in November 2024, up 0.1% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$265K
N/A
3 $622.5K$636.8K
+2.3%
4 $752.7K$771.5K
+2.5%
5+ $799K$824K
+3.1%

Summary: Fair Oaks Ranch housing prices by bedroom type for November 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 2.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Canyon Lake
+2.1%
San Antonio North
+0.9%
Fair Oaks Ranch
0.1%
San Antonio
-0.5%

Housing Supply in Fair Oaks Ranch, TX

How many homes are available in Fair Oaks Ranch, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4947-4.1%

Summary: The Fair Oaks Ranch real estate market had 47 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1412
-14.3%
4 3131
0.0%
5+ 44
0.0%

Summary: The Fair Oaks Ranch housing inventory by bedroom type for November 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fair Oaks Ranch, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Fair Oaks Ranch in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
144 Days68 Days-52.9%

Summary: Homes in Fair Oaks Ranch had an average of 68 days on market in Nov 2024, down by 52.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fair Oaks Ranch are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Fair Oaks Ranch; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Fair Oaks Ranch, TX

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