Is Forest, VA 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 has remained a Seller's Market.
Housing Prices in Forest, VA
How much do homes in Forest, VA cost?
Median Sold Price
$395,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest was $395,000 in April 2024, down 3.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $149.9K | -14.3% |
2 Bedrooms | $229.9K | $245K | +6.5% |
3 Bedrooms | $329K | $343.5K | +4.4% |
4 Bedrooms | $489.9K | $499.9K | +2.0% |
5+ Bedrooms | $584.5K | $615K | +5.2% |
Summary: Forest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in Forest, VA
How many homes are available in Forest, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 103 | +47.1% |
Summary: The Forest real estate market had 103 homes for sale in April 2024, a 47.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 21 | +133.3% |
3 Bedrooms | 24 | 30 | +25.0% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 13 | 23 | +76.9% |
Summary: The Forest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 76.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Forest in April 2024, up by 3.6% month-over-month. Of the 29 sold homes, 24% were sold under asking, 52% were sold at asking, and 24% were sold over asking.
Days on Market for Forest, VA
How long does it take to sell a home in Forest, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 23 Days | -34.3% |
Summary: Homes in Forest had an average of 23 days on market in Apr 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Forest; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.