$6,519 Closing Credit*
$549,000
1,848 SqFt
3 Beds
•2 Full Baths
Natalie Roth, Listing Office: Benn Realty LLC
Is Forestport, 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, Forestport has remained a Seller's Market.
Key Takeaway
Forestport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forestport, NY
How much do homes in Forestport, NY cost?
Median Sold Price
$240,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+37.1%)
Key Takeaway
Homes in Forestport have sold for 37.1% more than they did a year ago.
Summary: The median home sold price in Forestport was $240,000 in October 2024, up 37.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $180K | +33.3% |
| 2 Bedrooms | $177.4K | $240K | +35.2% |
| 3 Bedrooms | $375K | $337.5K | -10.0% |
| 4 Bedrooms | $93.5K | $561K | +500.0% |
| 5+ Bedrooms | $485K | - | N/A |
Summary: Forestport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 35.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 500%, and 5+ bedroom homes did not change.
Housing Supply in Forestport, NY
How many homes are available in Forestport, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Forestport real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forestport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestport, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Forestport in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Forestport, NY
How long does it take to sell a home in Forestport, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 104 Days | +63.2% |
Summary: Homes in Forestport had an average of 104 days on market in Oct 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Forestport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Forestport; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
