Is Forest City No. 2, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest City No. 2 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Forest City No. 2 has remained a Seller's Market.

Key Takeaway

Forest City No. 2 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Forest City No. 2, NE

How much do homes in Forest City No. 2, NE cost?

Median Sold Price

$310,500

$143/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$182,700(-37.0%)

Key Takeaway

Homes in Forest City No. 2 have sold for 37% less than they did a month ago.

Summary: The median home sold price in Forest City No. 2 was $310,500 in September 2024, down 37% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $589K-
N/A
4 $397.4K$310.5K
-21.9%
5+ --
N/A

Summary: Forest City No. 2 housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gretna
-1.2%
Melia-Forest City
-1.4%
Forest City No. 1
-5.5%
Forest City No. 2
-37.0%

Housing Supply in Forest City No. 2, NE

How many homes are available in Forest City No. 2, NE?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
75-28.6%

Summary: The Forest City No. 2 real estate market had 5 homes for sale in September 2024, a 28.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 53
-40.0%
5+ 01
+100.0%

Summary: The Forest City No. 2 housing inventory by bedroom type for September 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 50%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest City No. 2, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Forest City No. 2 in September 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Forest City No. 2, NE

How long does it take to sell a home in Forest City No. 2, NE?

Average Sale Time

Aug 2024Sep 2024CHANGE
2 Days20 Days+720.0%

Summary: Homes in Forest City No. 2 had an average of 20 days on market in Sep 2024, up by 720% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 City No. 2 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Forest City No. 2; 50% of homes were sold within 30 days, 50% 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 30 Days Ago

Newest Listings in Forest City No. 2, NE

Nearby Markets to Forest City No. 2, NE

What housing markets are near Forest City No. 2, NE?