Is Forest Creek, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Creek is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Forest Creek was a Neutral Market.

Key Takeaway

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

Housing Prices in Forest Creek, TX

How much do homes in Forest Creek, TX cost?

Median Sold Price

$440,000

$209/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$53,000(-10.8%)

Key Takeaway

Homes in Forest Creek have sold for 10.8% less than they did a month ago.

Summary: The median home sold price in Forest Creek was $440,000 in November 2024, down 10.8% from last month, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $370K$275K
-25.7%
3 --
N/A
4 $496K$440K
-11.3%
5+ -$810K
N/A

Summary: Forest Creek housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes did not change.

Housing Supply in Forest Creek, TX

How many homes are available in Forest Creek, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
26260.0%

Summary: The Forest Creek real estate market had 26 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 44
0.0%
4 1211
-8.3%
5+ 810
+25.0%

Summary: The Forest Creek 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Creek, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Forest Creek in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Forest Creek, TX

How long does it take to sell a home in Forest Creek, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days99 Days+80.0%

Summary: Homes in Forest Creek had an average of 99 days on market in Nov 2024, up by 80% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Forest Creek; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 22 Days Ago

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