$4,393 Closing Credit*
$369,900
2,198 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brian Hillery, Listing Office: HUNT Real Estate Corporation
Is Forest, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Forest has remained a Seller's Market.
Key Takeaway
Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest, NY
How much do homes in Forest, NY cost?
Median Sold Price
$225,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,000(-3.0%)
Key Takeaway
Homes in Forest have sold for 3% less than they did a year ago.
Summary: The median home sold price in Forest was $225,000 in November 2024, down 3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190.5K | $195K | +2.4% |
| 3 Bedrooms | $151.5K | $192K | +26.7% |
| 4 Bedrooms | $261.6K | $197.5K | -24.5% |
| 5+ Bedrooms | $250K | $230K | -8.0% |
Summary: Forest 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 increased by 2.4%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
| Black Rock | $126K | $138.5K | +9.9% |
| Grant Ferry | $224K | $245K | +9.4% |
| Forest | $232K | $225K | -3.0% |
Housing Supply in Forest, NY
How many homes are available in Forest, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Forest real estate market had 25 homes for sale in November 2024, a 16.7% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Forest 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 decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Forest in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Forest, NY
How long does it take to sell a home in Forest, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 22 Days | -51.6% |
Summary: Homes in Forest had an average of 22 days on market in Nov 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Forest; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
