$3,764 Closing Credit*
$317,000
3,138 SqFt
3 Beds
•2 Full Baths
#SC4323, Listing Office: The Hub Real Estate Group Scranton
Is Forest City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Forest City was a Buyer's Market.
Key Takeaway
Forest City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Forest City, PA
How much do homes in Forest City, PA cost?
Median Sold Price
$161,750
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$250(-0.2%)
Key Takeaway
The sold price of homes in Forest City has remained the same since last year.
Summary: The median home sold price in Forest City was $161,750 in December 2024, down 0.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $100.5K | $137.7K | +37.1% |
| 3 Bedrooms | $170K | $195K | +14.7% |
| 4 Bedrooms | $122K | $153.5K | +25.8% |
| 5+ Bedrooms | $138K | $162.5K | +17.8% |
Summary: Forest City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Forest City | $162K | $161.7K | -0.2% |
| Clinton Township | $425K | $388.7K | -8.5% |
Housing Supply in Forest City, PA
How many homes are available in Forest City, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Forest City real estate market had 6 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forest City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest City, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Forest City in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Forest City, PA
How long does it take to sell a home in Forest City, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 161 Days | 81 Days | -49.7% |
Summary: Homes in Forest City had an average of 81 days on market in Dec 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forest City has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Forest City; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.