Is Forsyth, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forsyth is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Forsyth has remained a Seller's Market.

Key Takeaway

Forsyth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Forsyth, MO

How much do homes in Forsyth, MO cost?

Median Sold Price

$197,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,950(-7.5%)

Key Takeaway

Homes in Forsyth have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in Forsyth was $197,000 in May 2024, down 7.5% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $230.5K$137.5K
-40.3%
2 $180K$167K
-7.2%
3 $211.7K$194.5K
-8.1%
4 $273K$282.5K
+3.5%
5+ $750K$249.9K
-66.7%

Summary: Forsyth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 66.7%.

Median Sold Price Compared To Nearby Cities

Swan Township
-4.0%
Forsyth
-7.5%

Housing Supply in Forsyth, MO

How many homes are available in Forsyth, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5153+3.9%

Summary: The Forsyth real estate market had 53 homes for sale in May 2024, a 3.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 1718
+5.9%
3 1821
+16.7%
4 910
+11.1%
5+ 42
-50.0%

Summary: The Forsyth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forsyth, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Forsyth in May 2024, up by 120.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for Forsyth, MO

How long does it take to sell a home in Forsyth, MO?

Average Sale Time

May 2023May 2024CHANGE
26 Days95 Days+255.1%

Summary: Homes in Forsyth had an average of 95 days on market in May 2024, up by 255.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Forsyth are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 11 homes were sold in Forsyth; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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