Is Forest Park-Morrow, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Forest Park-Morrow has remained a Seller's Market.
Key Takeaway
Forest Park-Morrow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Park-Morrow, GA
How much do homes in Forest Park-Morrow, GA cost?
Median Sold Price
$232,265
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Forest Park-Morrow has remained the same since last year.
Summary: The median home sold price in Forest Park-Morrow was $232,265 in March 2024, up 0.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $155K | $160K | +3.2% |
| 3 Bedrooms | $224.9K | $220.8K | -1.8% |
| 4 Bedrooms | $270K | $273K | +1.1% |
| 5+ Bedrooms | $292.5K | $298.5K | +2.1% |
Summary: Forest Park-Morrow housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Morrow | $219.9K | $232.3K | +5.7% |
| Forest Park | $190K | $200K | +5.3% |
| Forest Park-Morrow | $231.3K | $232.2K | 0.4% |
| Rex | $262K | $255K | -2.7% |
Housing Supply in Forest Park-Morrow, GA
How many homes are available in Forest Park-Morrow, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 335 | 397 | +18.5% |
Summary: The Forest Park-Morrow real estate market had 397 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 34 | 36 | +5.9% |
| 3 Bedrooms | 172 | 209 | +21.5% |
| 4 Bedrooms | 106 | 118 | +11.3% |
| 5+ Bedrooms | 23 | 34 | +47.8% |
Summary: The Forest Park-Morrow housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 47.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Park-Morrow, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Forest Park-Morrow in March 2024, up by 13.6% month-over-month. Of the 68 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.
Days on Market for Forest Park-Morrow, GA
How long does it take to sell a home in Forest Park-Morrow, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +30.3% |
Summary: Homes in Forest Park-Morrow had an average of 35 days on market in Mar 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Park-Morrow are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in Forest Park-Morrow; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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.