Is Forest Park, GA 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 Park has remained a Seller's Market.
Housing Prices in Forest Park, GA
How much do homes in Forest Park, GA cost?
Median Sold Price
$200,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Park was $200,000 in April 2024, up 5.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $160K | $160K | 0.0% |
3 Bedrooms | $185K | $196.4K | +6.2% |
4 Bedrooms | $225K | $239.5K | +6.4% |
5+ Bedrooms | $247.5K | $298K | +20.4% |
Summary: Forest Park 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 did not change, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
Forest Park | $190K | $200K | +5.3% |
Morrow | $225K | $230K | +2.2% |
Forest Park-Morrow | $232.5K | $232.2K | -0.1% |
Conley | $259.9K | $229.9K | -11.5% |
Housing Supply in Forest Park, GA
How many homes are available in Forest Park, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 110 | +12.2% |
Summary: The Forest Park real estate market had 110 homes for sale in April 2024, a 12.2% 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 | 15 | 16 | +6.7% |
3 Bedrooms | 56 | 63 | +12.5% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Forest Park 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 6.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Forest Park in April 2024, up by 18.2% month-over-month. Of the 20 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for Forest Park, GA
How long does it take to sell a home in Forest Park, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 22 Days | +68.8% |
Summary: Homes in Forest Park had an average of 22 days on market in Apr 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Forest Park; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.