$2,613 Closing Credit*
$220,000
3 Beds
•2 Full Baths
Mateo Castano, Listing Office: HomeSmart
Is Forest Park, GA 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 Park has remained a Seller's Market.
Key Takeaway
Forest Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Park, GA
How much do homes in Forest Park, GA cost?
Median Sold Price
$187,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,000(-6.5%)
Key Takeaway
Homes in Forest Park have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Forest Park was $187,000 in October 2024, down 6.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $158K | $152K | -3.8% |
| 3 Bedrooms | $194.2K | $180K | -7.3% |
| 4 Bedrooms | $239.9K | $230K | -4.1% |
| 5+ Bedrooms | $275K | $258.9K | -5.8% |
Summary: Forest Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Conley | $222.5K | $242.5K | +9.0% |
| Morrow | $230K | $235K | +2.2% |
| Forest Park-Morrow | $230K | $229.8K | -0.1% |
| Forest Park | $200K | $187K | -6.5% |
Housing Supply in Forest Park, GA
How many homes are available in Forest Park, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 121 | +18.6% |
Summary: The Forest Park real estate market had 121 homes for sale in October 2024, a 18.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 61 | 70 | +14.8% |
| 4 Bedrooms | 22 | 32 | +45.5% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Forest Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Park, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Forest Park in October 2024, up by 66.7% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Forest Park, GA
How long does it take to sell a home in Forest Park, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 38 Days | -26.0% |
Summary: Homes in Forest Park had an average of 38 days on market in Oct 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Forest Park; 48% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.