Is Forestdale, MA 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, Forestdale has remained a Seller's Market.
Key Takeaway
Forestdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forestdale, MA
How much do homes in Forestdale, MA cost?
Median Sold Price
$569,500
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Forestdale have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Forestdale was $569,500 in May 2024, up 4.5% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $432K | $515K | +19.2% |
| 3 Bedrooms | $542.5K | $590K | +8.8% |
| 4 Bedrooms | $636K | $737.5K | +16.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Forestdale 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 19.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bourne | $549.9K | $630K | +14.6% |
| Forestdale | $545K | $569.5K | +4.5% |
| Buzzards Bay | $499.9K | $520K | +4.0% |
| Sandwich | $636.9K | $650K | +2.0% |
| East Sandwich | $777.2K | $649K | -16.5% |
Housing Supply in Forestdale, MA
How many homes are available in Forestdale, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Forestdale real estate market had 16 homes for sale in May 2024, a 23.1% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Forestdale 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forestdale, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Forestdale in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Forestdale, MA
How long does it take to sell a home in Forestdale, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +25.6% |
Summary: Homes in Forestdale had an average of 14 days on market in May 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forestdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Forestdale; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
