Is Forest Trails, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Forest Trails was a Buyer's Market.
Key Takeaway
Forest Trails is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Trails, FL
How much do homes in Forest Trails, FL cost?
Median Sold Price
$326,745
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Forest Trails have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Forest Trails was $326,745 in April 2024, down 4.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $305K | $306.9K | +0.7% |
| 4 Bedrooms | $364K | $328.9K | -9.6% |
| 5+ Bedrooms | $389.9K | $372.9K | -4.4% |
Summary: Forest Trails housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in Forest Trails, FL
How many homes are available in Forest Trails, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The Forest Trails real estate market had 36 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 22 | 13 | -40.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Forest Trails housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Trails, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Forest Trails in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Forest Trails, FL
How long does it take to sell a home in Forest Trails, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 135 Days | 60 Days | -55.0% |
Summary: Homes in Forest Trails had an average of 60 days on market in Apr 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Trails are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Forest Trails; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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