Is Forsyth, GA 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, Forsyth has remained a Seller's Market.
Key Takeaway
Forsyth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forsyth, GA
How much do homes in Forsyth, GA cost?
Median Sold Price
$363,950
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Forsyth have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Forsyth was $363,950 in May 2024, up 6.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $100K | $390K | +290.0% |
| 3 Bedrooms | $249.9K | $248K | -0.8% |
| 4 Bedrooms | $349K | $370.9K | +6.3% |
| 5+ Bedrooms | $508.9K | $457.3K | -10.2% |
Summary: Forsyth 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 increased by 290%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Forsyth | $342.6K | $363.9K | +6.2% |
| Culloden-Bolingbroke | $365.2K | $370.5K | +1.4% |
Housing Supply in Forsyth, GA
How many homes are available in Forsyth, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The Forsyth real estate market had 61 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Forsyth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forsyth, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Forsyth in May 2024, down by 29.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for Forsyth, GA
How long does it take to sell a home in Forsyth, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 28 Days | -42.7% |
Summary: Homes in Forsyth had an average of 28 days on market in May 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Forsyth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Forsyth; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.