$2,791 Closing Credit*
$235,000
1,160 SqFt
3 Beds
•1 Full Bath, 1 Partial
Brenda Macias, Listing Office: Compass Georgia, LLC
Is Forest Park-Morrow, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Forest Park-Morrow was a Seller's Market.
Key Takeaway
Forest Park-Morrow is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Forest Park-Morrow, GA
How much do homes in Forest Park-Morrow, GA cost?
Median Sold Price
$229,961
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$327(-0.1%)
Key Takeaway
The sold price of homes in Forest Park-Morrow has remained the same since last year.
Summary: The median home sold price in Forest Park-Morrow was $229,961 in November 2024, down 0.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $170K | +183.3% |
| 2 Bedrooms | $159K | $154.5K | -2.8% |
| 3 Bedrooms | $220.6K | $215K | -2.6% |
| 4 Bedrooms | $272K | $272.6K | 0.2% |
| 5+ Bedrooms | $312.5K | $300K | -4.0% |
Summary: Forest Park-Morrow housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Rex | $250K | $259.7K | +3.9% |
| Morrow | $230K | $235K | +2.2% |
| Forest Park-Morrow | $230.2K | $229.9K | -0.1% |
| Forest Park | $203K | $187.5K | -7.6% |
Housing Supply in Forest Park-Morrow, GA
How many homes are available in Forest Park-Morrow, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 397 | 400 | +0.8% |
Summary: The Forest Park-Morrow real estate market had 400 homes for sale in November 2024, a 0.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 230 | 228 | -0.9% |
| 4 Bedrooms | 106 | 112 | +5.7% |
| 5+ Bedrooms | 35 | 32 | -8.6% |
Summary: The Forest Park-Morrow housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 60 | -17.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Park-Morrow, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Forest Park-Morrow in November 2024, down by 17.8% month-over-month. Of the 52 sold homes, 44% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Forest Park-Morrow, GA
How long does it take to sell a home in Forest Park-Morrow, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 44 Days | +52.4% |
Summary: Homes in Forest Park-Morrow had an average of 44 days on market in Nov 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Park-Morrow are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 60 homes were sold in Forest Park-Morrow; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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.