Is Forest Glen, MD 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 Glen has remained a Seller's Market.
Housing Prices in Forest Glen, MD
How much do homes in Forest Glen, MD cost?
Median Sold Price
$420,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Glen was $420,000 in April 2024, down 16% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187K | $193K | +3.2% |
2 Bedrooms | $263.2K | $249K | -5.4% |
3 Bedrooms | $563.5K | $535K | -5.1% |
4 Bedrooms | $675K | $705K | +4.4% |
5+ Bedrooms | $895K | $980K | +9.5% |
Summary: Forest Glen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Neighborhoods
Silver Spring | $570K | $631.9K | +10.9% |
Kemp Mill | $555K | $575K | +3.6% |
Forest Estates | $625K | $632.5K | +1.2% |
Forest Glen | $500K | $420K | -16.0% |
Housing Supply in Forest Glen, MD
How many homes are available in Forest Glen, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Summary: The Forest Glen real estate market had 26 homes for sale in April 2024, a 44.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Forest Glen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Forest Glen in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Forest Glen, MD
How long does it take to sell a home in Forest Glen, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 12 Days | +49.4% |
Summary: Homes in Forest Glen had an average of 12 days on market in Apr 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Forest Glen; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.