Is Forest Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Forest Park was a Seller's Market.
Housing Prices
How much do homes in Forest Park, GA cost?
Median Sold Price
$200,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Summary: The median home sold price in Forest Park was $200,000 in October 2023, up 10.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | $60K | N/A |
2 Bedrooms | $160K | $158K | -1.3% |
3 Bedrooms | $179.5K | $194.2K | +8.2% |
4 Bedrooms | $223K | $242.4K | +8.7% |
5+ Bedrooms | $235K | $275K | +17.0% |
Summary: Forest Park housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
Forest Park | $181K | $200K | +10.5% |
Morrow | $212.5K | $232K | +9.2% |
Forest Park-Morrow | $229.7K | $230K | 0.1% |
Conley | $252K | $225K | -10.7% |
Housing Supply
How many homes are available in Forest Park, GA?
Number of Homes For Sale
Sep 2023 | Oct 2023 | CHANGE |
---|---|---|
77 | 92 | +19.5% |
Summary: The Forest Park real estate market had 92 homes for sale in October 2023, a 19.5% increase compared to September 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 45 | 53 | +17.8% |
4 Bedrooms | 13 | 20 | +53.8% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Forest Park housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Sep 2023 | Oct 2023 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Forest Park in October 2023, down by 12.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market
How long does it take to sell a home in Forest Park, GA?
Average Sale Time
Oct 2022 | Oct 2023 | CHANGE |
---|---|---|
19 Days | 48 Days | +145.8% |
Summary: Homes in Forest Park had an average of 48 days on market in Oct 2023, up by 145.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During October 2023, 14 homes were sold in Forest Park; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.