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Fate Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median home price down 5.8% to $368,845
• Closed sales up 50% YoY
• Inventory up 39.5% — now at 5.1 months
🏠 Home Prices: Decline Amid Rising Supply
The median home price in Fate fell to $368,845 in April 2025 — a 5.8% decrease compared to April 2024. This dip reflects broader shifts toward buyer-favoring conditions and a higher volume of inventory.
📈 Inventory Surges as Sales Recover
Closed sales rose sharply to 36 homes (▲ 50.0% YoY), while active listings jumped to 152 properties (▲ 39.5%). Months of inventory climbed to 5.1, showing increased supply and less urgency for buyers.
⏱ Transaction Timelines Edge Up
Days on Market: 76 (up 4 days YoY)
Days to Close: 35 (unchanged)
Total Transaction Time: 111 days (up 4 days YoY)
Other key stats: Median price per square foot: $163.05 (▼ 5.1%)
Median home size: 2,097 sq ft
Median year built: 2019
Close-to-original list price ratio: 93.6%
What Sellers Need to Know
- ✅ Inventory is growing: Listings are up nearly 40% — more competition for attention.
- ✅ Prices are adjusting: Median values fell 5.8% — pricing accurately is crucial.
- ✅ Sales are active: Closings are up 50%, but buyers are pickier and expect value.
- ✅ Plan for time: The average transaction now takes 111 days start to finish.
- ✅ Negotiation is common: Sellers are accepting offers at about 93.6% of list price.
What Buyers Need to Know
- ✅ More homes on the market: Inventory continues to climb, with 5.1 months available.
- ✅ Prices are more flexible: Buyers are paying below list in most cases — 93.6% ratio.
- ✅ Take your time: With longer DOM and stable closings, you have time to choose wisely.
- ✅ Great for newer homes: Median year built is 2019 — fewer repairs, modern features.
- ✅ Value per sq ft improving: Price per foot down to $163 — better value for space.
Note: The Dallas-Fort Worth-Arlington statistical market area includes cities in the following counties: Collin, Dallas, Denton, Ellis, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant, and Wise.
