$42,000
0.14 Acres
Land
•2 Full Baths
Hasan Mahmud, Listing Office: Keller Williams Realty WNY
Is Forest, NY 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, 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
$200,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$35,000(-14.9%)
Key Takeaway
Homes in Forest have sold for 14.9% less than they did a year ago.
Summary: The median home sold price in Forest was $200,000 in October 2024, down 14.9% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190.5K | $195K | +2.4% |
| 3 Bedrooms | $178.5K | $192K | +7.6% |
| 4 Bedrooms | $261.6K | $195K | -25.5% |
| 5+ Bedrooms | $250K | $228K | -8.8% |
Summary: Forest housing prices by bedroom type for October 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 7.6%, 4 bedroom homes decreased by 25.5%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Black Rock | $119.9K | $140K | +16.8% |
| Grant Ferry | $223K | $237.6K | +6.5% |
| Forest | $235K | $200K | -14.9% |
Housing Supply in Forest, NY
How many homes are available in Forest, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Summary: The Forest real estate market had 25 homes for sale in October 2024, a 19.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 17 | 12 | -29.4% |
Summary: The Forest 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 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 29.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Forest in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +8.9% |
Summary: Homes in Forest had an average of 25 days on market in Oct 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 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 October 2024, 6 homes were sold in Forest; 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.
