Is Forsyth, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Forsyth has remained a Seller's Market.
Housing Prices in Forsyth, MO
How much do homes in Forsyth, MO cost?
Median Sold Price
$197,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forsyth was $197,000 in May 2024, down 7.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230.5K | $137.5K | -40.3% |
2 Bedrooms | $180K | $167K | -7.2% |
3 Bedrooms | $211.7K | $194.5K | -8.1% |
4 Bedrooms | $273K | $282.5K | +3.5% |
5+ Bedrooms | $750K | $249.9K | -66.7% |
Summary: Forsyth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 66.7%.
Median Sold Price Compared To Nearby Cities
Swan Township | $212.5K | $204K | -4.0% |
Forsyth | $212.9K | $197K | -7.5% |
Housing Supply in Forsyth, MO
How many homes are available in Forsyth, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 53 | +3.9% |
Summary: The Forsyth real estate market had 53 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Forsyth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Forsyth in May 2024, up by 120.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Forsyth, MO
How long does it take to sell a home in Forsyth, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 95 Days | +255.1% |
Summary: Homes in Forsyth had an average of 95 days on market in May 2024, up by 255.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Forsyth; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.