$4,156 Closing Credit*
$350,000
1,280 SqFt
3 Beds
•1 Full Bath, 1 Partial
Oskar Murillo, Listing Office: FLORIDA REALTY INVESTMENTS
Is Forest City, FL 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 City has remained a Seller's Market.
Key Takeaway
Forest City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest City, FL
How much do homes in Forest City, FL cost?
Median Sold Price
$355,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.6%)
Key Takeaway
Homes in Forest City have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Forest City was $355,000 in October 2024, up 0.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $147.5K | -1.7% |
| 2 Bedrooms | $263.5K | $248.5K | -5.7% |
| 3 Bedrooms | $348K | $353K | +1.4% |
| 4 Bedrooms | $425K | $410K | -3.5% |
| 5+ Bedrooms | $707.5K | $937.5K | +32.5% |
Summary: Forest City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 32.5%.
Housing Supply in Forest City, FL
How many homes are available in Forest City, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 76 | -1.3% |
Summary: The Forest City real estate market had 76 homes for sale in October 2024, a 1.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Forest City 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 increased by 6.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest City, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Forest City in October 2024, the same as the previous month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Forest City, FL
How long does it take to sell a home in Forest City, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +92.6% |
Summary: Homes in Forest City had an average of 47 days on market in Oct 2024, up by 92.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Forest City; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.