$4,155 Closing Credit*
$349,900
2,677 SqFt
4 Beds
•3 Full Baths, 4 Partial
Gregory Rayford, Listing Office: Crimsyn Bailey Realty
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 December 2023
Since last year, Forest Park-Morrow has remained a Seller's Market.
Key Takeaway
Forest Park-Morrow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Park-Morrow, GA
How much do homes in Forest Park-Morrow, GA cost?
Median Sold Price
$230,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$1,432(-0.6%)
Key Takeaway
Homes in Forest Park-Morrow have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Forest Park-Morrow was $230,000 in December 2024, down 0.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $170K | +183.3% |
| 2 Bedrooms | $160K | $150.9K | -5.7% |
| 3 Bedrooms | $220.6K | $216.5K | -1.9% |
| 4 Bedrooms | $270K | $269.9K | 0% |
| 5+ Bedrooms | $299.5K | $300K | 0.2% |
Summary: Forest Park-Morrow housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Morrow | $230K | $236K | +2.6% |
| Rex | $250K | $256.5K | +2.6% |
| Forest Park-Morrow | $231.4K | $230K | -0.6% |
| Forest Park | $205K | $186.1K | -9.2% |
Housing Supply in Forest Park-Morrow, GA
How many homes are available in Forest Park-Morrow, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 351 | 382 | +8.8% |
Summary: The Forest Park-Morrow real estate market had 382 homes for sale in December 2024, a 8.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 197 | 204 | +3.6% |
| 4 Bedrooms | 96 | 109 | +13.5% |
| 5+ Bedrooms | 33 | 42 | +27.3% |
Summary: The Forest Park-Morrow housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 58 | 71 | +22.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
13 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. 59% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Forest Park-Morrow in December 2024, up by 22.4% month-over-month. Of the 61 sold homes, 59% were sold under asking, 20% were sold at asking, and 21% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 53 Days | +67.8% |
Summary: Homes in Forest Park-Morrow had an average of 53 days on market in Dec 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forest Park-Morrow has remained consistent over time.
Summary: During December 2024, 71 homes were sold in Forest Park-Morrow; 37% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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