As of November 2024, the Fate, Texas housing market exhibits notable trends in home prices, inventory, and market dynamics.
Median Home Prices
Overall Median List Price: The median list price in Fate is $394,997, marking a 3.8% increase from November 2023.
Median Sale Price: In October 2024, the median sale price was $429,000, reflecting a 13.2% year-over-year increase.
Price per Square Foot: The median list price per square foot stands at $171.
Inventory Levels
Homes for Sale: There were 158 homes listed for sale in November 2024, a 3.3% increase from October 2024.
Days on Market: The average listing age is 89 days, a significant decrease of 29% compared to November 2023.
Market Competitiveness
Fate's housing market is considered somewhat competitive, with homes selling for about 2% below list price and going pending in approximately 57 days.
Comparison with Nearby Cities
Neighboring Rockwall has a higher median list price of $553,300, indicating a 5.1% increase from the previous year.
Market Outlook
The increase in both median list and sale prices suggests a robust demand for homes in Fate.
The rise in inventory levels may provide more options for buyers, potentially balancing the market.
The decrease in average days on market indicates that homes are selling more quickly, reflecting strong buyer interest.
Overall, the Fate housing market in November 2024 shows positive growth in home prices and a dynamic market environment, with increasing inventory and quicker sales compared to the previous year.
Ready to buy or sell in Fate? Contact a trusted real estate agent today to get expert guidance tailored to your needs!
🏡🌟💼
Please call us at 469-269-6541 for more details and available homes!
About us: Fate New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Fate, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Fate and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Fate looking to buy a home whether you are relocating to Fate from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Fate. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Fate? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Fate that you can use to help make your home buying decision.