$6,293 Closing Credit*
$529,900
2,572 SqFt
5 Beds
•3 Full Baths, 1 Partial
Daiana Garcia Medrano, Listing Office: LA ROSA REALTY ORLANDO LLC
Is Forest City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$360,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.4%)
Key Takeaway
Homes in Forest City have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Forest City was $360,000 in November 2024, up 1.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $145K | -3.3% |
| 2 Bedrooms | $263.5K | $273.5K | +3.8% |
| 3 Bedrooms | $351.5K | $353K | 0.4% |
| 4 Bedrooms | $410K | $415K | +1.2% |
| 5+ Bedrooms | $707.5K | $937.5K | +32.5% |
Summary: Forest City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 76 | 0.0% |
Summary: The Forest City real estate market had 76 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Forest City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 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. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Forest City in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 57 Days | +249.0% |
Summary: Homes in Forest City had an average of 57 days on market in Nov 2024, up by 249% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 13 homes were sold in Forest City; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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