Is Forest City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Forest City was a Seller's Market.
Housing Prices in Forest City, NC
How much do homes in Forest City, NC cost?
Median Sold Price
$215,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest City was $215,000 in April 2024, up 15.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $131.5K | -48.4% |
2 Bedrooms | $139.5K | $179.9K | +29.0% |
3 Bedrooms | $194K | $215K | +10.8% |
4 Bedrooms | $236.7K | $280K | +18.3% |
5+ Bedrooms | $340.7K | $238K | -30.1% |
Summary: Forest City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.4%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 30.1%.
Median Sold Price Compared To Nearby Cities
Forest City | $186.5K | $215K | +15.3% |
Cool Spring Township | $195K | $216K | +10.8% |
Rutherfordton Township | $234K | $250K | +6.8% |
Spindale | $164K | $160K | -2.4% |
Housing Supply in Forest City, NC
How many homes are available in Forest City, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 70 | +2.9% |
Summary: The Forest City real estate market had 70 homes for sale in April 2024, a 2.9% 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 | 12 | 17 | +41.7% |
3 Bedrooms | 45 | 43 | -4.4% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Forest City 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 41.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Forest City in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Forest City, NC
How long does it take to sell a home in Forest City, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 100 Days | +847.4% |
Summary: Homes in Forest City had an average of 100 days on market in Apr 2024, up by 847.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Forest City; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.