$5,047 Closing Credit*
$425,000
1,066 SqFt
4 Beds
•2 Full Baths, 1 Partial
Catelin Schwarz, Listing Office: NextHome Envision
Is Forest Heights, MD 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 Heights was a Seller's Market.
Key Takeaway
Forest Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Forest Heights, MD
How much do homes in Forest Heights, MD cost?
Median Sold Price
$363,900
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,900(+2.5%)
Key Takeaway
Homes in Forest Heights have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Forest Heights was $363,900 in November 2024, up 2.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $308K | N/A |
| 3 Bedrooms | $339.9K | $330K | -2.9% |
| 4 Bedrooms | $363.5K | $398.5K | +9.6% |
| 5+ Bedrooms | $397K | $415.2K | +4.6% |
Summary: Forest Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Forest Heights, MD
How many homes are available in Forest Heights, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Forest Heights real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Forest Heights 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Forest Heights in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Forest Heights, MD
How long does it take to sell a home in Forest Heights, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +13.8% |
Summary: Homes in Forest Heights had an average of 11 days on market in Nov 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Forest Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
