Is Forest Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$205,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Forest Park was $205,000 in February 2024, up 12.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $160K | $162.5K | +1.6% |
3 Bedrooms | $180K | $199K | +10.6% |
4 Bedrooms | $225K | $239.9K | +6.6% |
5+ Bedrooms | $220K | $275K | +25.0% |
Summary: Forest Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Forest Park | $182.5K | $205K | +12.3% |
Morrow | $221K | $230K | +4.1% |
Forest Park-Morrow | $230.2K | $232.1K | +0.9% |
Conley | $257.5K | $221K | -14.2% |
Housing Supply in Forest Park, GA
How many homes are available in Forest Park, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
82 | 109 | +32.9% |
Summary: The Forest Park real estate market had 109 homes for sale in February 2024, a 32.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 19 | +46.2% |
3 Bedrooms | 45 | 57 | +26.7% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Forest Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Forest Park in February 2024, up by 53.8% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 38 Days | +56.2% |
Summary: Homes in Forest Park had an average of 38 days on market in Feb 2024, up by 56.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Forest Park; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.