Is Forest Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Forest Park has remained a Seller's Market.
Housing Prices in Forest Park, GA
How much do homes in Forest Park, GA cost?
Median Sold Price
$199,666
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Forest Park was $199,666 in June 2024, up 5.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $160K | $160K | 0.0% |
3 Bedrooms | $180.7K | $195K | +7.9% |
4 Bedrooms | $230K | $226K | -1.7% |
5+ Bedrooms | $260K | $280K | +7.7% |
Summary: Forest Park housing prices by bedroom type for June 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 7.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Lake City | $205K | $235K | +14.6% |
Forest Park | $190K | $199.6K | +5.1% |
Morrow | $229K | $233K | +1.7% |
Forest Park-Morrow | $230.6K | $230K | -0.3% |
Conley | $233.7K | $230K | -1.6% |
Housing Supply in Forest Park, GA
How many homes are available in Forest Park, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
100 | 117 | +17.0% |
Summary: The Forest Park real estate market had 117 homes for sale in June 2024, a 17.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 63 | 67 | +6.3% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Forest Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Forest Park in June 2024, up by 36.8% month-over-month. Of the 23 sold homes, 52% were sold under asking, 13% were sold at asking, and 35% were sold over asking.
Days on Market for Forest Park, GA
How long does it take to sell a home in Forest Park, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
50 Days | 19 Days | -60.9% |
Summary: Homes in Forest Park had an average of 19 days on market in Jun 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 26 homes were sold in Forest Park; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.