Is Forsyth County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forsyth County is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Forsyth County was a Seller's Market.

Key Takeaway

Forsyth County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Forsyth County, GA

How much do homes in Forsyth County, GA cost?

Median Sold Price

$586,700

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$36,909(+6.7%)

Key Takeaway

Homes in Forsyth County have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Forsyth County was $586,700 in September 2024, up 6.7% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $320K$224K
-30.0%
2 $334.9K$370K
+10.5%
3 $431.3K$469K
+8.7%
4 $553.3K$599K
+8.2%
5+ $700K$760K
+8.6%

Summary: Forsyth County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Counties

Fulton County
+8.9%
Forsyth County
+6.7%
Gwinnett County
+6.2%
Dawson County
+5.4%
Hall County
+4.9%

Housing Supply in Forsyth County, GA

How many homes are available in Forsyth County, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1,0601,110+4.7%

Summary: The Forsyth County real estate market had 1,110 homes for sale in September 2024, a 4.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 4757
+21.3%
3 246257
+4.5%
4 338350
+3.6%
5+ 428445
+4.0%

Summary: The Forsyth County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
251153-39.0%

Asking Price vs. Sold Price

92 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forsyth County, you may be able to get a good deal. 64.8% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Forsyth County in September 2024, down by 39.0% month-over-month. Of the 142 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.

Days on Market for Forsyth County, GA

How long does it take to sell a home in Forsyth County, GA?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days33 Days+60.6%

Summary: Homes in Forsyth County had an average of 33 days on market in Sep 2024, up by 60.6% compared to last year.

Breakdown of Home Sale Times

84 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 153 homes were sold in Forsyth County; 55% of homes were sold within 30 days, 39% 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 26 Days Ago

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