Is Forest Glen, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Glen is a neutral'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

# BEDSOct 2023Oct 2024CHANGE
1 $191.5K$164.5K
-14.1%
2 $245.5K$240K
-2.2%
3 $538K$547.2K
+1.7%
4 $658.2K$745K
+13.2%
5+ $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
+17.0%
Kemp Mill
+5.3%
Silver Spring
+0.8%

Housing Supply in Forest Glen, MD

How many homes are available in Forest Glen, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+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

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 77
0.0%
3 24
+100.0%
4 55
0.0%
5+ 22
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 2024Oct 2024CHANGE
34+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
22 Days24 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Forest Glen, MD

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