$4,155 Closing Credit*
$349,900
1,296 SqFt
3 Beds
•1 Full Bath, 2 Partial
Vida D. Kwateng-Pugh, Listing Office: Samson Properties
Is Forestville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$330,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,000(+3.1%)
Key Takeaway
Homes in Forestville have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Forestville was $330,000 in December 2024, up 3.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.5K | $94K | -1.6% |
| 2 Bedrooms | $177.5K | $159.9K | -9.9% |
| 3 Bedrooms | $320K | $327.5K | +2.3% |
| 4 Bedrooms | $370K | $388.9K | +5.1% |
| 5+ Bedrooms | $420K | $450K | +7.1% |
Summary: Forestville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Forestville, MD
How many homes are available in Forestville, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The Forestville real estate market had 47 homes for sale in December 2024, a 7.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Forestville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Forestville in December 2024, up by 40.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 50% were sold at asking, and 21% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -4.6% |
Summary: Homes in Forestville had an average of 26 days on market in Dec 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 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 December 2024, 14 homes were sold in Forestville; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
