Is Forest, NY 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.
Key Takeaway
Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest, NY
How much do homes in Forest, NY cost?
Median Sold Price
$228,800
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Forest have sold for 27.1% more than they did a year ago.
Summary: The median home sold price in Forest was $228,800 in April 2024, up 27.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | - | N/A |
| 2 Bedrooms | $137K | $195K | +42.3% |
| 3 Bedrooms | $180K | $216K | +20.0% |
| 4 Bedrooms | $155.4K | $261.6K | +68.3% |
| 5+ Bedrooms | $495K | $228.8K | -53.8% |
Summary: Forest 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 42.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 68.3%, and 5+ bedroom homes decreased by 53.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest | $180K | $228.8K | +27.1% |
| Grant Ferry | $175K | $219K | +25.1% |
| Black Rock | $120.6K | $127.6K | +5.8% |
Housing Supply in Forest, NY
How many homes are available in Forest, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Forest real estate market had 16 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Forest 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Forest in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Forest, NY
How long does it take to sell a home in Forest, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 24 Days | +160.7% |
Summary: Homes in Forest had an average of 24 days on market in Apr 2024, up by 160.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Forest; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
