Is Forest Park-Morrow, 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-Morrow has remained a Seller's Market.
Housing Prices in Forest Park-Morrow, GA
How much do homes in Forest Park-Morrow, GA cost?
Median Sold Price
$232,223
$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-Morrow was $232,223 in April 2024, down 0.1% 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 | $155K | $160K | +3.2% |
3 Bedrooms | $225K | $220K | -2.2% |
4 Bedrooms | $270K | $275K | +1.9% |
5+ Bedrooms | $315.7K | $305K | -3.4% |
Summary: Forest Park-Morrow 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 3.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.4%.
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% |
Rex | $260.7K | $255K | -2.2% |
Housing Supply in Forest Park-Morrow, GA
How many homes are available in Forest Park-Morrow, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
377 | 414 | +9.8% |
Summary: The Forest Park-Morrow real estate market had 414 homes for sale in April 2024, a 9.8% 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 | 32 | 33 | +3.1% |
3 Bedrooms | 199 | 224 | +12.6% |
4 Bedrooms | 112 | 118 | +5.4% |
5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The Forest Park-Morrow 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 3.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 88 | +8.6% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Forest Park-Morrow in April 2024, up by 8.6% month-over-month. Of the 75 sold homes, 49% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Forest Park-Morrow, GA
How long does it take to sell a home in Forest Park-Morrow, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -10.2% |
Summary: Homes in Forest Park-Morrow had an average of 30 days on market in Apr 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 88 homes were sold in Forest Park-Morrow; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.