Is Forestport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forestport is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Forestport was a Seller's Market.

Key Takeaway

Forestport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Forestport, NY

How much do homes in Forestport, NY cost?

Median Sold Price

$90,000

$136/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$155,000(-63.3%)

Key Takeaway

Homes in Forestport have sold for 63.3% less than they did a month ago.

Summary: The median home sold price in Forestport was $90,000 in November 2024, down 63.3% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $63K$90K
+42.9%
2 $245K-
N/A
3 $525K-
N/A
4 --
N/A
5+ --
N/A

Summary: Forestport housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ohio
-44.5%
Forestport
-63.3%

Housing Supply in Forestport, NY

How many homes are available in Forestport, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1310-23.1%

Summary: The Forestport real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 42
-50.0%
3 55
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Forestport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 1 homes were sold or pending in Forestport in November 2024, down by 75.0% month-over-month. Of the 1 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 2024Nov 2024CHANGE
104 Days243 Days+132.0%

Summary: Homes in Forestport had an average of 243 days on market in Nov 2024, up by 132% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Forestport are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Forestport; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 29 Days Ago

Newest Listings in Forestport, NY

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