Is Forest Park, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Park is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Forest Park has remained a Seller's Market.

Key Takeaway

Forest Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Forest Park, MA

How much do homes in Forest Park, MA cost?

Median Sold Price

$308,500

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,500(+6.4%)

Key Takeaway

Homes in Forest Park have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Forest Park was $308,500 in April 2024, up 6.4% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $160K$151K
-5.6%
2 $220K$194.9K
-11.4%
3 $258K$267.5K
+3.7%
4 $285.5K$302.5K
+6.0%
5+ $310K$350K
+12.9%

Summary: Forest Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Neighborhoods

Six Corners
+11.8%
East Forest Park
+11.5%
Old Hill
+8.3%
Forest Park
+6.4%
South End
+5.0%

Housing Supply in Forest Park, MA

How many homes are available in Forest Park, MA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6258-6.5%

Summary: The Forest Park real estate market had 58 homes for sale in April 2024, a 6.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1014
+40.0%
4 1411
-21.4%
5+ 3732
-13.5%

Summary: The 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 13.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Park, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Forest Park in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.

Days on Market for Forest Park, MA

How long does it take to sell a home in Forest Park, MA?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days31 Days-7.9%

Summary: Homes in Forest Park had an average of 31 days on market in Apr 2024, down by 7.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 14 homes were sold in Forest Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

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