Is Forestville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Forestville has remained a Seller's Market.
Key Takeaway
Forestville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forestville, NC
How much do homes in Forestville, NC cost?
Median Sold Price
$373,547
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Forestville have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Forestville was $373,547 in May 2024, down 2.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $268K | -2.5% |
| 3 Bedrooms | $345.3K | $345K | -0.1% |
| 4 Bedrooms | $425K | $437K | +2.8% |
| 5+ Bedrooms | $507K | $535K | +5.5% |
Summary: Forestville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in Forestville, NC
How many homes are available in Forestville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 110 | -1.8% |
Summary: The Forestville real estate market had 110 homes for sale in May 2024, a 1.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 68 | 66 | -2.9% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Forestville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestville, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Forestville in May 2024, down by 17.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 38% were sold at asking, and 14% were sold over asking.
Days on Market for Forestville, NC
How long does it take to sell a home in Forestville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 22 Days | -66.6% |
Summary: Homes in Forestville had an average of 22 days on market in May 2024, down by 66.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Forestville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Forestville; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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