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 neutral's market

Buyer's
Market

Difference Since October 2022

At the same time last year, Forest Park was a Seller's Market.

Key Takeaway

Forest Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$19,000(+10.5%)

Key Takeaway

Homes in Forest Park have sold for 10.5% more than they did a year ago.

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

# BEDSOct 2022Oct 2023CHANGE
1 -$60K
N/A
2 $160K$158K
-1.3%
3 $179.5K$194.2K
+8.2%
4 $223K$242.4K
+8.7%
5+ $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
+10.5%
Morrow
+9.2%
Forest Park-Morrow
0.1%
Conley
-10.7%

Housing Supply

How many homes are available in Forest Park, GA?

Number of Homes For Sale

Sep 2023Oct 2023CHANGE
7792+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

# BEDSSep 2023Oct 2023CHANGE
1 00
0.0%
2 1013
+30.0%
3 4553
+17.8%
4 1320
+53.8%
5+ 96
-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 2023Oct 2023CHANGE
1614-12.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Park, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

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 2022Oct 2023CHANGE
19 Days48 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

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Nearby Markets

What housing markets are near Forest Park, GA?