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 June 2023
At the same time last year, Forest Park-Morrow was a Seller's Market.
Housing Prices in Forest Park-Morrow, GA
How much do homes in Forest Park-Morrow, GA cost?
Median Sold Price
$230,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Forest Park-Morrow was $230,000 in June 2024, down 0.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $147.5K | $160K | +8.5% |
3 Bedrooms | $224.9K | $220K | -2.2% |
4 Bedrooms | $270K | $270K | 0.0% |
5+ Bedrooms | $300K | $307.5K | +2.5% |
Summary: Forest Park-Morrow housing prices by bedroom type for June 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 did not change, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Lake City | $205K | $235K | +14.6% |
Forest Park | $190K | $199.6K | +5.1% |
Morrow | $229K | $233K | +1.7% |
Forest Park-Morrow | $230.6K | $230K | -0.3% |
Rex | $260K | $255K | -1.9% |
Housing Supply in Forest Park-Morrow, GA
How many homes are available in Forest Park-Morrow, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
386 | 446 | +15.5% |
Summary: The Forest Park-Morrow real estate market had 446 homes for sale in June 2024, a 15.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 34 | +25.9% |
3 Bedrooms | 225 | 256 | +13.8% |
4 Bedrooms | 104 | 120 | +15.4% |
5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The Forest Park-Morrow housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
76 | 74 | -2.6% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Forest Park-Morrow in June 2024, down by 2.6% month-over-month. Of the 66 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
37 Days | 27 Days | -26.6% |
Summary: Homes in Forest Park-Morrow had an average of 27 days on market in Jun 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 74 homes were sold in Forest Park-Morrow; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.