$6,519 Closing Credit*
$549,000
2,014 SqFt
4 Beds
•2 Full Baths, 1 Partial
JOANNA HEARD, Listing Office: RE/MAX ADVANTAGE
Is Forest Falls, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Forest Falls has remained a Seller's Market.
Key Takeaway
Forest Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Falls, CA
How much do homes in Forest Falls, CA cost?
Median Sold Price
$360,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,250(+4.7%)
Key Takeaway
Homes in Forest Falls have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Forest Falls was $360,000 in October 2024, up 4.7% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $259.5K | -8.9% |
| 2 Bedrooms | $336.2K | $308.5K | -8.3% |
| 3 Bedrooms | $392.5K | $408K | +3.9% |
| 4 Bedrooms | $530K | $399K | -24.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Forest Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 24.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Forest Falls | $343.7K | $360K | +4.7% |
| Big Bear | $450.6K | $439.9K | -2.4% |
Housing Supply in Forest Falls, CA
How many homes are available in Forest Falls, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Forest Falls real estate market had 24 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Forest Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Falls, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Forest Falls in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Forest Falls, CA
How long does it take to sell a home in Forest Falls, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 83 Days | +84.2% |
Summary: Homes in Forest Falls had an average of 83 days on market in Oct 2024, up by 84.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Falls are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Forest Falls; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.