Is Forestville, NC 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, Forestville has remained a Seller's Market.
Key Takeaway
Forestville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forestville, NC
How much do homes in Forestville, NC cost?
Median Sold Price
$369,258
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Forestville have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Forestville was $369,258 in April 2024, down 4.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261.2K | $275K | +5.3% |
| 3 Bedrooms | $351.6K | $341.1K | -3.0% |
| 4 Bedrooms | $429.2K | $439K | +2.3% |
| 5+ Bedrooms | $510.8K | $535.3K | +4.8% |
Summary: Forestville 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 5.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Forestville, NC
How many homes are available in Forestville, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 105 | +9.4% |
Summary: The Forestville real estate market had 105 homes for sale in April 2024, a 9.4% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 49 | 61 | +24.5% |
| 4 Bedrooms | 38 | 33 | -13.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Forestville 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 50%, 3 bedroom homes increased by 24.5%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestville, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Forestville in April 2024, the same as the previous month. Of the 33 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% were sold over asking.
Days on Market for Forestville, NC
How long does it take to sell a home in Forestville, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 19 Days | -72.1% |
Summary: Homes in Forestville had an average of 19 days on market in Apr 2024, down by 72.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forestville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in Forestville; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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