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

Housing Market Conditions



Gauge showing Forest Park-Morrow is a neutral's market


Difference Since May 2023

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

Key Takeaway

Forest Park-Morrow 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 in Forest Park-Morrow, GA

How much do homes in Forest Park-Morrow, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Forest Park-Morrow have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Forest Park-Morrow was $230,000 in May 2024, down 1.1% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $60K-
2 $147.5K$160K
3 $225K$220K
4 $270K$275K
5+ $310K$310K

Summary: Forest Park-Morrow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lake City
Forest Park
Forest Park-Morrow

Housing Supply in Forest Park-Morrow, GA

How many homes are available in Forest Park-Morrow, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Forest Park-Morrow real estate market had 414 homes for sale in May 2024, a 6.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 3132
3 207234
4 111117
5+ 4131

Summary: The Forest Park-Morrow housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 24.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Park-Morrow, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in Forest Park-Morrow in May 2024, down by 23.1% month-over-month. Of the 60 sold homes, 52% were sold under asking, 23% were sold at asking, and 25% 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

May 2023May 2024CHANGE
32 Days40 Days+22.8%

Summary: Homes in Forest Park-Morrow had an average of 40 days on market in May 2024, up by 22.8% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 70 homes were sold in Forest Park-Morrow; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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 16 Days Ago

Newest Listings in Forest Park-Morrow, GA

Nearby Markets to Forest Park-Morrow, GA

What housing markets are near Forest Park-Morrow, GA?