Fair Oaks Housing Market Data for December 2021
Median Housing Market Data
In Fair Oaks, it is hard to look at the housing market data. The reason, is there are some million-dollar homes that sell which throw off the housing market numbers.
Looking at the housing data below. In blue each month there are fewer active listings. This is normal as the holidays get closer.
Looking at the last 4 months of home sales (in red). The selling price continues to increase. From September to December the home prices increased 9%.
The list price is lower than the sale price each month. Indicating multiple offers. September had 61% with more than one offer. 60%, 64%, and December had 66% of offers received more than one offer.
Last year 64%, 63%, 61% and 55% from September to December.
When comparing December home sales this year compared to December last year. Fair Oaks home prices are up 13%.
When comparing home sales from September to December this year. Home prices are up 9%. Again, this can be thrown off by higher-priced homes selling.
|
September-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
46 |
$675,000 |
$0 |
28 |
|
Pending |
71 |
$560,000 |
$0 |
13 |
|
Sold |
72 |
$532,000 |
$535,000 |
8 |
|
Sold 2020 |
70 |
$532,450 |
$532,000 |
8 |
|
October-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
47 |
$620,000 |
$0 |
13 |
|
Pending |
61 |
$545,000 |
$0 |
8 |
|
Sold |
62 |
$599,500 |
$612,500 |
13 |
|
Sold 2020 |
82 |
$472,450 |
$477,500 |
7 |
|
November-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
26 |
$597,500 |
$0 |
33 |
|
Pending |
56 |
$545,000 |
$0 |
8 |
|
Sold |
55 |
$529,900 |
$550,000 |
8 |
|
Sold 2020 |
75 |
$500,000 |
$525,000 |
7 |
|
December-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
22 |
$597,500 |
$0 |
21 |
|
Pending |
41 |
$575,000 |
$0 |
10 |
|
Sold |
55 |
$575,000 |
$585,000 |
8 |
|
Sold 2020 |
62 |
$499,700 |
$518,500 |
6 |
Below is a list of all 55 homes that sold in December. The list is sorted by the percentage below list price to the highest above list price.
Of the 12 homes that sold below list price. They averaged 30 plus days on the market. Many of them had to do a price drop. Most important notice that many got even less for their home.
It’s so important to price your home correctly. DON’T go By Zillow Estimate!!! That’s why they call it ESTIMATE. Zillow can be off as much as 40%.
Of the 29 homes that sold for the above list price. They were only on the market for just above 10 days. Only 2 had to drop their price.
To the right of the blue line are the amounts the sellers had to drop or increase their price.
|
Status |
Original Price |
List Price |
Sold Price |
DOM |
|
Percent Above or Below List Price |
|
Price drops/ Increases |
|
Closed |
225000 |
225000 |
205000 |
65 |
|
-9% |
|
0 |
|
Closed |
415000 |
395000 |
365000 |
6 |
|
-8% |
|
-20000 |
|
Closed |
1262000 |
975000 |
910000 |
39 |
|
-7% |
|
-287000 |
|
Closed |
649900 |
649900 |
626000 |
31 |
|
-4% |
|
0 |
|
Closed |
690000 |
674500 |
650000 |
34 |
|
-4% |
|
-15500 |
|
Closed |
929900 |
929900 |
900000 |
6 |
|
-3% |
|
0 |
|
Closed |
1250000 |
1250000 |
1210000 |
50 |
|
-3% |
|
0 |
|
Closed |
540000 |
540000 |
525000 |
63 |
|
-3% |
|
0 |
|
Closed |
615000 |
615000 |
600000 |
14 |
|
-2% |
|
0 |
|
Closed |
439900 |
434900 |
426200 |
15 |
|
-2% |
|
-5000 |
|
Closed |
550000 |
550000 |
545000 |
8 |
|
-1% |
|
0 |
|
Closed |
699000 |
699000 |
695000 |
34 |
|
-1% |
|
0 |
|
Closed |
499000 |
499000 |
497020 |
5 |
|
0% |
|
0 |
|
Closed |
787000 |
739900 |
739900 |
60 |
|
0% |
|
-47100 |
|
Closed |
699000 |
699000 |
699000 |
25 |
|
0% |
|
0 |
|
Closed |
449000 |
449888 |
449888 |
18 |
|
0% |
|
888 |
|
Closed |
995000 |
995000 |
995000 |
7 |
|
0% |
|
0 |
|
Closed |
750000 |
750000 |
750000 |
14 |
|
0% |
|
0 |
|
Closed |
690000 |
670000 |
670000 |
21 |
|
0% |
|
-20000 |
|
Closed |
235000 |
235000 |
235000 |
5 |
|
0% |
|
0 |
|
Closed |
694000 |
694000 |
694000 |
7 |
|
0% |
|
0 |
|
Closed |
825000 |
799950 |
800000 |
21 |
|
0% |
|
-25050 |
|
Closed |
760900 |
714900 |
715000 |
48 |
|
0% |
|
-46000 |
|
Closed |
649000 |
649000 |
650000 |
8 |
|
0% |
|
0 |
|
Closed |
499000 |
499000 |
500000 |
43 |
|
0% |
|
0 |
|
Closed |
549000 |
528000 |
530000 |
21 |
|
0% |
|
-21000 |
|
Closed |
560000 |
545000 |
550000 |
13 |
|
1% |
|
-15000 |
|
Closed |
750000 |
750000 |
757000 |
5 |
|
1% |
|
0 |
|
Closed |
619000 |
619000 |
625000 |
40 |
|
1% |
|
0 |
|
Closed |
510000 |
499900 |
505000 |
8 |
|
1% |
|
-10100 |
|
Closed |
865000 |
865000 |
875000 |
40 |
|
1% |
|
0 |
|
Closed |
849000 |
849000 |
860000 |
5 |
|
1% |
|
0 |
|
Closed |
429000 |
429000 |
435000 |
18 |
|
1% |
|
0 |
|
Closed |
349900 |
349900 |
354900 |
6 |
|
1% |
|
0 |
|
Closed |
575000 |
575000 |
585000 |
12 |
|
2% |
|
0 |
|
Closed |
774900 |
774900 |
790000 |
4 |
|
2% |
|
0 |
|
Closed |
475000 |
475000 |
485500 |
8 |
|
2% |
|
0 |
|
Closed |
540000 |
540000 |
554000 |
28 |
|
3% |
|
0 |
|
Closed |
855000 |
855000 |
880000 |
18 |
|
3% |
|
0 |
|
Closed |
290000 |
290000 |
300000 |
8 |
|
3% |
|
0 |
|
Closed |
525000 |
525000 |
545000 |
0 |
|
4% |
|
0 |
|
Closed |
519900 |
519900 |
540000 |
3 |
|
4% |
|
0 |
|
Closed |
315000 |
315000 |
330000 |
9 |
|
5% |
|
0 |
|
Closed |
675000 |
675000 |
715000 |
4 |
|
6% |
|
0 |
|
Closed |
879000 |
879000 |
935000 |
3 |
|
6% |
|
0 |
|
Closed |
949000 |
949000 |
1010000 |
6 |
|
6% |
|
0 |
|
Closed |
599000 |
599000 |
640000 |
7 |
|
7% |
|
0 |
|
Closed |
399900 |
399900 |
430000 |
17 |
|
8% |
|
0 |
|
Closed |
410000 |
410000 |
445000 |
6 |
|
9% |
|
0 |
|
Closed |
529000 |
529000 |
575000 |
7 |
|
9% |
|
0 |
|
Closed |
525000 |
525000 |
575000 |
7 |
|
10% |
|
0 |
|
Closed |
465000 |
465000 |
516500 |
2 |
|
11% |
|
0 |
|
Closed |
519000 |
519000 |
580000 |
6 |
|
12% |
|
0 |
|
Closed |
470000 |
470000 |
535500 |
5 |
|
14% |
|
0 |
|
Closed |
999000 |
999000 |
1225000 |
5 |
|
23% |
|
0 |
Average Housing Market Data
Looking at the numbers below. In red below notice the original price compared to the list price. Notice how the numbers are close.
Now, look at the active listings in blue. Notice the larger gap between the original price and the list price. This is because more home sellers are having to drop their prices.
Also, look at the DOM (days on market). Look how much higher they are in the active listings.
Therefore, it’s so important to list your home correctly when you decide to sell.
|
September-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
46 |
$766,989 |
$741,926 |
$0 |
38 |
|
Pending |
71 |
$642,214 |
$639,957 |
$0 |
20 |
|
Sold |
72 |
$592,947 |
$587,674 |
$595,060 |
15 |
|
Sold 2020 |
70 |
$551,991 |
$545,234 |
$548,282 |
21 |
|
October-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
47 |
$709,413 |
$687,436 |
$0 |
31 |
|
Pending |
61 |
$633,201 |
$619,161 |
$0 |
22 |
|
Sold |
62 |
$630,821 |
$627,713 |
$636,098 |
21 |
|
Sold 2020 |
82 |
$518,924 |
$514,656 |
$518,901 |
18 |
|
November-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
26 |
$755,185 |
$716,142 |
$0 |
51 |
|
Pending |
56 |
$617,955 |
$605,765 |
$0 |
18 |
|
Sold |
55 |
$593,589 |
$584,322 |
$592,528 |
23 |
|
Sold 2020 |
75 |
$565,450 |
$562,002 |
$568,004 |
17 |
|
December-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
22 |
$708,984 |
$689,532 |
$0 |
47 |
|
Pending |
41 |
$636,094 |
$614,999 |
$0 |
24 |
|
Sold |
55 |
$618,967 |
$619,206 |
$631,553 |
18 |
|
Sold 2020 |
62 |
$544,679 |
$539,289 |
$544,632 |
18 |
When comparing the last 6 months of homes sales this year to the same time last year. In the red notice that home prices are falling. Home prices dropped almost 2% during those 4 months.
Last year notice that home prices increased during the same time.
The number of sales (in blue) this year has dropped compared to last year.
In green are last year's sales. Notice the increase each month.
|
Fair Oaks, CA |
||||
|
Home Sales last 6 months |
||||
|
|
Number of Sales |
Median List Price |
Median Sales Price |
DOM |
|
Sep 20 |
365 |
$485,000 |
$480,000 |
10 |
|
Sep 21 |
411 |
$565,000 |
$589,000 |
7 |
|
Oct 20 |
409 |
$475,000 |
$480,000 |
10 |
|
Oct 21 |
417 |
$575,000 |
$600,000 |
8 |
|
Nov 20 |
445 |
$495,000 |
$499,000 |
9 |
|
Nov 21 |
399 |
$575,000 |
$590,000 |
8 |
|
Dec 20 |
447 |
$499,000 |
$503,000 |
8 |
|
Dec 21 |
384 |
$569,495 |
$580,000 |
8 |