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.
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
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
| # 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
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 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
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.