$59 Closing Credit*
$5,000
1,240 SqFt
3 Beds
•3 Full Baths, 1 Partial
Tina Alvi, Listing Office: Fairfax Realty Select
Is Forestville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Forestville has remained a Seller's Market.
Key Takeaway
Forestville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forestville, MD
How much do homes in Forestville, MD cost?
Median Sold Price
$325,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.6%)
Key Takeaway
Homes in Forestville have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Forestville was $325,000 in October 2024, up 1.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.5K | $91.6K | -4.0% |
| 2 Bedrooms | $175K | $198K | +13.1% |
| 3 Bedrooms | $320K | $325K | +1.6% |
| 4 Bedrooms | $370K | $394.4K | +6.6% |
| 5+ Bedrooms | $407K | $452.5K | +11.2% |
Summary: Forestville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Forestville, MD
How many homes are available in Forestville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 71 | +14.5% |
Summary: The Forestville real estate market had 71 homes for sale in October 2024, a 14.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Forestville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestville, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Forestville in October 2024, up by 125.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 39% were sold at asking, and 33% were sold over asking.
Days on Market for Forestville, MD
How long does it take to sell a home in Forestville, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 28 Days | +100.8% |
Summary: Homes in Forestville had an average of 28 days on market in Oct 2024, up by 100.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forestville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Forestville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
