$225,000
24.53 Acres
Land
Listing Office: Caroline Akt Realty LLC
Is Forestburgh, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Forestburgh was a Buyer's Market.
Key Takeaway
Forestburgh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forestburgh, NY
How much do homes in Forestburgh, NY cost?
Median Sold Price
$525,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$230,000(+78.0%)
Key Takeaway
Homes in Forestburgh have sold for 78% more than they did a year ago.
Summary: The median home sold price in Forestburgh was $525,000 in September 2024, up 78% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $600K | +361.5% |
| 2 Bedrooms | - | $400K | N/A |
| 3 Bedrooms | $562.5K | $462.2K | -17.8% |
| 4 Bedrooms | $367.5K | $540K | +46.9% |
| 5+ Bedrooms | $295K | $1.1M | +289.8% |
Summary: Forestburgh housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 361.5%, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.8%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes increased by 289.8%.
Median Sold Price Compared To Nearby Cities
| Forestburgh | $295K | $525K | +78.0% |
| Lumberland | $337.5K | $408K | +20.9% |
| Glen Spey | $335K | $350K | +4.5% |
| Cuddebackville | $302.5K | $270K | -10.7% |
Housing Supply in Forestburgh, NY
How many homes are available in Forestburgh, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Forestburgh real estate market had 10 homes for sale in September 2024, a 42.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Forestburgh housing inventory by bedroom type for September 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestburgh, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Forestburgh in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Forestburgh, NY
How long does it take to sell a home in Forestburgh, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 81 Days | 126 Days | +55.6% |
Summary: Homes in Forestburgh had an average of 126 days on market in Sep 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forestburgh has remained consistent over time.
Summary: During September 2024, 2 homes were sold in Forestburgh; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.