Sheryl Smith's "How's the Market?" Report

Fair Oaks, CA

Single-Family Homes

Smith Real Estate Services I Broker, Realtor #01381095 I 916-472-0103



Fair Oaks, CA

Thu Jun 20 2024
This week the median list price for Fair Oaks, CA is $780,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 72. Click here to stay informed with the Fair Oaks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Fair Oaks, CA

Thu Jun 20 2024
This week the median list price for Fair Oaks, CA is $780,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 72. Click here to stay informed with the Fair Oaks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Fair Oaks market.
Median List Price $780,000
Median Price of New Listings $639,900
Per Square Foot $346
Average Days on Market 54
Median Days on Market 28
Price Decreased 47%
Price Increased 1%
Relisted 13%
Inventory 72
Median Rent
Market Action 54
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,224,000 3,440 0.5 - 1 acre 4 3.8 41 4 1 66
$862,450 2,647 0.25 - 0.5 acre 4 3 50 4 1 21
$649,995 2,008 8,000 - 10,000 sqft 4 2.3 46 5 4 56
$566,950 1,484 8,000 - 10,000 sqft 3 2 57 10 5 7