$3,444 Closing Credit*
$289,999
1,360 SqFt
3 Beds
•3 Full Baths, 1 Partial
Randall Graves, Listing Office: Realty ONE Group Excellence
Is Forest Park, 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 Park was a Seller's Market.
Key Takeaway
Forest Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Forest Park, MD
How much do homes in Forest Park, MD cost?
Median Sold Price
$251,232
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,332(+14.2%)
Key Takeaway
Homes in Forest Park have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Forest Park was $251,232 in November 2024, up 14.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $65K | - | N/A |
| 3 Bedrooms | $155K | $140K | -9.7% |
| 4 Bedrooms | $214K | $215K | 0.5% |
| 5+ Bedrooms | $269.5K | $427.5K | +58.6% |
Summary: Forest Park 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 9.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 58.6%.
Housing Supply in Forest Park, MD
How many homes are available in Forest Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Forest Park real estate market had 17 homes for sale in November 2024, a 13.3% increase 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 | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Forest Park 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 decreased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Forest Park in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Forest Park, MD
How long does it take to sell a home in Forest Park, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 5 Days | -89.0% |
Summary: Homes in Forest Park had an average of 5 days on market in Nov 2024, down by 89% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Forest Park; 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.
