$5,224 Closing Credit*
$439,900
1,820 SqFt
4 Beds
•2 Full Baths
Andrew D Schweigman, Listing Office: Douglas Realty LLC
Is Forest Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Forest Heights has remained a Seller's Market.
Key Takeaway
Forest Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Heights, MD
How much do homes in Forest Heights, MD cost?
Median Sold Price
$379,000
$309/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$28,000(-6.9%)
Key Takeaway
Homes in Forest Heights have sold for 6.9% less than they did a month ago.
Summary: The median home sold price in Forest Heights was $379,000 in August 2024, down 6.9% from last month, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $350K | $369.5K | +5.6% |
| 4 Bedrooms | $428.5K | - | N/A |
| 5+ Bedrooms | - | $460K | N/A |
Summary: Forest Heights housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Forest Heights, MD
How many homes are available in Forest Heights, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Forest Heights real estate market had 10 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Forest Heights housing inventory by bedroom type for August 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 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Forest Heights in August 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Forest Heights, MD
How long does it take to sell a home in Forest Heights, MD?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 35 Days | 33 Days | -5.7% |
Summary: Homes in Forest Heights had an average of 33 days on market in Aug 2024, down by 5.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forest Heights has remained consistent over time.
Summary: During August 2024, 3 homes were sold in Forest Heights; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
