$2,482 Closing Credit*
$209,000
907 SqFt
1 Bed
•1 Full Bath
Jason Leonard Kromirs, Listing Office: Century 21 Redwood Realty
Is Forest Glen, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Forest Glen was a Seller's Market.
Key Takeaway
Forest Glen 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 Glen, MD
How much do homes in Forest Glen, MD cost?
Median Sold Price
$550,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,000(+17.0%)
Key Takeaway
Homes in Forest Glen have sold for 17% more than they did a year ago.
Summary: The median home sold price in Forest Glen was $550,000 in October 2024, up 17% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $164.5K | -14.1% |
| 2 Bedrooms | $245.5K | $240K | -2.2% |
| 3 Bedrooms | $538K | $547.2K | +1.7% |
| 4 Bedrooms | $658.2K | $745K | +13.2% |
| 5+ Bedrooms | $980K | $1.2M | +22.4% |
Summary: Forest Glen housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest Glen | $470K | $550K | +17.0% |
| Kemp Mill | $557.5K | $587K | +5.3% |
| Silver Spring | $600K | $605K | +0.8% |
Housing Supply in Forest Glen, MD
How many homes are available in Forest Glen, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Forest Glen real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Forest Glen housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Glen, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Forest Glen in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +9.4% |
Summary: Homes in Forest Glen had an average of 24 days on market in Oct 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 4 homes were sold in Forest Glen; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
