$5,818 Closing Credit*
$489,900
2,213 SqFt
5 Beds
•3 Full Baths
Betty Burch, Listing Office: John Stewart Walker, Inc
Is Forest, VA 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, VA
How much do homes in Forest, VA cost?
Median Sold Price
$403,199
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,232(+0.8%)
Key Takeaway
Homes in Forest have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Forest was $403,199 in October 2024, up 0.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.4K | $169.9K | +4.6% |
| 2 Bedrooms | $245K | $250K | +2.0% |
| 3 Bedrooms | $350K | $350K | 0.0% |
| 4 Bedrooms | $500K | $495K | -1.0% |
| 5+ Bedrooms | $600.5K | $629.9K | +4.9% |
Summary: Forest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Forest, VA
How many homes are available in Forest, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 103 | -7.2% |
Summary: The Forest real estate market had 103 homes for sale in October 2024, a 7.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 35 | 28 | -20.0% |
| 4 Bedrooms | 46 | 46 | 0.0% |
| 5+ Bedrooms | 20 | 15 | -25.0% |
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 increased by 44.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Forest in October 2024, down by 7.1% month-over-month. Of the 26 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Forest, VA
How long does it take to sell a home in Forest, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +48.9% |
Summary: Homes in Forest had an average of 41 days on market in Oct 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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, 26 homes were sold in Forest; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
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