Is 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, Forest Park has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $151K | -5.6% |
2 Bedrooms | $220K | $194.9K | -11.4% |
3 Bedrooms | $258K | $267.5K | +3.7% |
4 Bedrooms | $285.5K | $302.5K | +6.0% |
5+ Bedrooms | $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 | $225K | $251.5K | +11.8% |
East Forest Park | $260K | $290K | +11.5% |
Old Hill | $240K | $260K | +8.3% |
Forest Park | $290K | $308.5K | +6.4% |
South End | $300K | $315K | +5.0% |
Housing Supply in Forest Park, MA
How many homes are available in Forest Park, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 58 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 37 | 32 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 14 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 31 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
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.