Is Forsyth County, 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, Forsyth County has remained a Seller's Market.
Key Takeaway
Forsyth County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forsyth County, GA
How much do homes in Forsyth County, GA cost?
Median Sold Price
$575,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Forsyth County have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Forsyth County was $575,000 in March 2024, up 4.5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $224K | -37.8% |
| 2 Bedrooms | $324.9K | $350K | +7.7% |
| 3 Bedrooms | $419.9K | $450K | +7.2% |
| 4 Bedrooms | $549.5K | $576.4K | +4.9% |
| 5+ Bedrooms | $698.5K | $732.6K | +4.9% |
Summary: Forsyth County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Fulton County | $435.2K | $462.4K | +6.3% |
| Forsyth County | $549.9K | $575K | +4.5% |
| Dawson County | $406.7K | $419K | +3.0% |
| Hall County | $374.9K | $385K | +2.7% |
| Gwinnett County | $409.3K | $419K | +2.4% |
Housing Supply in Forsyth County, GA
How many homes are available in Forsyth County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 790 | 907 | +14.8% |
Summary: The Forsyth County real estate market had 907 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 53 | 46 | -13.2% |
| 3 Bedrooms | 174 | 230 | +32.2% |
| 4 Bedrooms | 257 | 288 | +12.1% |
| 5+ Bedrooms | 302 | 339 | +12.3% |
Summary: The Forsyth County 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 decreased by 13.2%, 3 bedroom homes increased by 32.2%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 12.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 219 | 212 | -3.2% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forsyth County, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 212 homes were sold or pending in Forsyth County in March 2024, down by 3.2% month-over-month. Of the 207 sold homes, 46% were sold under asking, 17% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 21 Days | -41.7% |
Summary: Homes in Forsyth County had an average of 21 days on market in Mar 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
169 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forsyth County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 212 homes were sold in Forsyth County; 80% of homes were sold within 30 days, 13% 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.