Is East Forest Park, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Forest Park has remained a Seller's Market.
Key Takeaway
East Forest Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Forest Park, MA
How much do homes in East Forest Park, MA cost?
Median Sold Price
$290,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Forest Park have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in East Forest Park was $290,000 in April 2024, up 11.5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $230K | $260K | +13.0% |
| 3 Bedrooms | $271K | $296.5K | +9.4% |
| 4 Bedrooms | $302.5K | $300K | -0.8% |
| 5+ Bedrooms | $413K | $342.5K | -17.1% |
Summary: East Forest Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper Hill | $251.2K | $295K | +17.4% |
| East Forest Park | $260K | $290K | +11.5% |
| Sixteen Acres | $271.5K | $295K | +8.7% |
Housing Supply in East Forest Park, MA
How many homes are available in East Forest Park, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 37 | +32.1% |
Summary: The East Forest Park real estate market had 37 homes for sale in April 2024, a 32.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Forest Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Forest Park, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in East Forest Park in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for East Forest Park, MA
How long does it take to sell a home in East Forest Park, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +28.4% |
Summary: Homes in East Forest Park had an average of 32 days on market in Apr 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Forest Park has remained consistent over time.
Summary: During April 2024, 11 homes were sold in East Forest Park; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
