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By the Numbers

Real Estate Market Update

Latest Update: May 8, 2025

Curious about what the market’s doing in your neighborhood? Whether you’re thinking of buying, selling, or just staying informed, our local real estate market updates help you make smarter decisions. Below, you'll find the latest stats, trends, and expert commentary—broken down by county, city, and even neighborhood. This page is updated monthly with insights from The Dunnican Team’s on-the-ground expertise.

 

City of Fate, TX

MEDIAN SALES PRICE

$381,695

MEDIAN SALES PRICE

CLOSED SALES

48

CLOSED SALES

ACTIVE LISTINGS

206

ACTIVE LISTINGS

MONTHS INVENTORY

4.3

MONTHS INVENTORY

Fate, TX Real Estate Market Snapshot – May 2025

Latest Update: June 2025

📊 Key Highlights This Month:
• Median sales price: $381,695 (▼ 9.2%)
• Price per square foot: $178 (▲ 6.0%)
• Days on market: 39 (▼ 17.0%)
• Sale-to-original list price: 93.6%
• Months of inventory: 4.3 (▼ 10.4%)

🏠 Prices Dip While Cost Per Foot Increases

The median sales price in Fate dropped to $381,695 in May 2025 — a 9.2% decrease compared to last year. However, the median price per square foot rose 6.0% to $178, indicating that while overall home prices have softened, buyers may be paying more for newer or smaller homes with updated finishes.

📦 Active Listings Down, Pending Sales Sluggish

Active inventory was down slightly to 206 homes on the market (▼ 1.0%), while pending sales dropped 20.7% year-over-year. The number of closed sales dipped to 48 (▼ 7.7%), and new listings were down 1.2%. These trends signal a slowdown in both buyer and seller activity, despite relatively healthy market conditions overall.

⏱ Homes Selling Faster Despite Market Shift

The average days on market fell to 39 days — a 17% improvement year-over-year, showing that well-priced and well-presented homes are still moving quickly. Sellers received an average of 93.6% of their original asking price, pointing to increased negotiation from buyers in the current climate.

What Sellers Need to Know

  • Pricing strategy matters: With a 9.2% YoY dip in median price, correct pricing is key to attracting offers.
  • Homes are still moving: Days on market dropped 17% — well-prepared homes are selling faster.
  • Negotiation is expected: Average sale-to-list ratio is 93.6% — be ready to make concessions.
  • Competition is lower: Listings and inventory are slightly down — this is your window to stand out.
  • Presentation pays off: Homes in top condition and with modern features continue to command strong attention.

What Buyers Need to Know

  • Prices are more affordable: Median price is down nearly 10% from last year.
  • Homes selling faster: Don't wait too long — DOM is down 17% YoY.
  • Inventory is steady: With over 200 homes available, options remain diverse.
  • Room to negotiate: Sellers are averaging 93.6% of list — ask for repairs or closing help.
  • Focus on value: With price per square foot up, pay attention to size, layout, and finish level.

Source: MLS data via North Texas Real Estate Information Services (NTREIS), May 2025. Data deemed reliable but not guaranteed.

 

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Fate Real Estate Overview

Affordable Growth and Master-Planned Living in Eastern Rockwall County

About Fate, TX

Located just east of Rockwall along the I-30 corridor, Fate is one of the fastest-growing communities in Rockwall County—and for good reason. It offers the kind of peaceful, small-town feel that many buyers crave, combined with modern amenities, new construction opportunities, and easy access to the greater Dallas-Fort Worth Metroplex.

Fate has evolved from a quiet rural town into a thoughtfully planned suburban destination, all while maintaining its close-knit community spirit. With highly rated schools in Rockwall ISD, a city government focused on smart development, and an influx of new residents from across North Texas, Fate is becoming a top choice for first-time homebuyers, growing families, and remote professionals seeking both value and quality of life.

Thanks to its location near Lake Ray Hubbard, downtown Rockwall, and expanding retail and dining options, Fate offers the perfect blend of small-town charm and modern-day convenience.

Homes for Sale in Fate, TX

Fate’s real estate market centers around affordability, new construction, and lifestyle-oriented communities. Most homes were built within the last 10–15 years, which means buyers can expect modern layouts, energy-efficient systems, and community features designed for today’s homeowners.

Housing options in Fate include:

  • New construction homes with builder warranties and contemporary designs

  • Budget-friendly homes in early phases of planned developments—ideal for first-time buyers

  • Upgraded resale properties with extended patios, smart home features, and spacious open-concept floorplans

  • Homes with flexible spaces, such as home offices, game rooms, and multi-use lofts—perfect for work-from-home households

  • Larger lots and semi-custom builds in the outskirts of Fate for those who value space and privacy

Popular Master-Planned Communities in Fate

Two standout communities define much of the local market:

  • Woodcreek – A vibrant, master-planned neighborhood featuring multiple community pools, a fitness center, splash pad, dog park, walking trails, and elementary schools on-site. This community blends lifestyle and convenience with a strong neighborhood feel.

  • Williamsburg – Known for its charming colonial-inspired architecture and resort-style amenities, Williamsburg offers a clubhouse, community events, and scenic green spaces—all minutes from I-30.

Both communities offer on-site schools, parks, trails, and HOA amenities that make everyday life enjoyable and connected.

Why Buyers Are Choosing Fate

Fate stands out in the East DFW real estate landscape as a place where affordability doesn’t mean compromise. Buyers are moving to Fate for its balance of space, value, and lifestyle, often getting more for their money than in neighboring cities like Rockwall or Royse City—without giving up access to schools, shopping, or major employers.

What’s driving interest in Fate:

  • Highly rated schools in Rockwall ISD, including nearby elementary and middle schools within walking or biking distance for many residents

  • Master-planned communities with parks, trails, pools, and community programming

  • A growing retail and dining scene—plus proximity to downtown Rockwall and Lake Ray Hubbard

  • A community-centered atmosphere with city-sponsored events, festivals, and a commitment to maintaining small-town values

  • Strategic location along I-30, offering quick commutes to Dallas, Greenville, and Garland

Whether you’re upsizing, relocating, or buying your very first home, Fate provides an ideal environment to put down roots, build equity, and enjoy a high quality of life.

Your Fate Real Estate Experts

As longtime North Texas agents with a track record in Rockwall County, Cindy and Cory Dunnican of The Dunnican Team at Coldwell Banker Apex, Realtors® are your trusted guides in the Fate housing market. They’ve helped countless buyers and sellers navigate new construction opportunities, resale pricing, and neighborhood dynamics unique to this growing area.

From negotiating with builders to advising on resale timing and pricing strategy, Cindy and Cory bring personalized service, hyper-local insight, and the kind of experience that ensures a smooth process from start to finish. Whether you're buying in Woodcreek, selling in Williamsburg, or exploring your options across Fate, The Dunnican Team is here to help you move forward with confidence.

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