Is Forest Park, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Park is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Forest Park, GA cost?

Median Sold Price

$165,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$44,500(+36.9%)

Key Takeaway

Homes in Forest Park have sold for 36.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $95K$125K
+31.6%
3 $122K$160K
+31.1%
4 $141K$200K
+41.8%
5+ $152K$230K
+51.3%

Median Sold Price Compared To Nearby Cities

Conley
+48.1%
Forest Park
+36.9%
Forest Park-Morrow
+29.7%
Morrow
+29.0%

How many homes are available in Forest Park, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
6150-18.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 1310
-23.1%
3 3020
-33.3%
4 1617
+6.3%
5+ 23
+50.0%

Number of Homes Sold

Mar 2022Apr 2022%
2322-4.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Park, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
16 Days31 Days+84.0%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Forest Park are selling fast, if you're buying plan to act quickly.

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

About Forest Park, GA

Number of homes for sale in Forest Park, GA real estate market have reached 50. Between March 2022 and April 2022, Forest Park, GA real estate market has seen decrease in the number of listings by 18%. Listings spent 31 days on the market in April 2022, and had a median list price of $165,000 during the same period. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 31.6%, prices of 3 bedrooms properties increased by 31.1%, the cost of 4 bedrooms properties went up by 41.8%, 5 bedrooms properties prices increased by 51.3%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 23.1%, the quantity of 3 bedrooms homes went down by 33.3%, 4 bedrooms homes inventory increased by 6.3%, 5 bedrooms homes inventory increased by 50%. In April 2022, from all listings sold in Forest Park, GA there were more than 11 sold above asking price, over 6 sold below and more than 3 were sold right at the asked price.

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