$3,384 Closing Credit*
$285,000
1,312 SqFt
2 Beds
•2 Full Baths, 1 Partial
Sarah A. Reynolds, Listing Office: Keller Williams Chantilly Ventures
Is Forest Glen, MD 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 Glen has remained a Seller's Market.
Key Takeaway
Forest Glen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Glen, MD
How much do homes in Forest Glen, MD cost?
Median Sold Price
$575,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$160,000(+38.6%)
Key Takeaway
Homes in Forest Glen have sold for 38.6% more than they did a year ago.
Summary: The median home sold price in Forest Glen was $575,000 in November 2024, up 38.6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $164.5K | -14.1% |
| 2 Bedrooms | $243K | $240K | -1.2% |
| 3 Bedrooms | $541K | $559.2K | +3.4% |
| 4 Bedrooms | $659.5K | $745K | +13.0% |
| 5+ Bedrooms | $1.0M | $1.0M | -1.2% |
Summary: Forest Glen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest Glen | $415K | $575K | +38.6% |
| Kemp Mill | $565K | $580.5K | +2.7% |
| Silver Spring | $619.1K | $602.7K | -2.6% |
Housing Supply in Forest Glen, MD
How many homes are available in Forest Glen, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Summary: The Forest Glen real estate market had 24 homes for sale in November 2024, a 26.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Forest Glen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes remained the same, 3 bedroom homes increased by 125%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Glen, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Forest Glen in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Forest Glen, MD
How long does it take to sell a home in Forest Glen, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +27.2% |
Summary: Homes in Forest Glen had an average of 26 days on market in Nov 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Glen are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Forest Glen; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
