Is Forest Park East, OH 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, Forest Park East has remained a Seller's Market.
Key Takeaway
Forest Park East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Park East, OH
How much do homes in Forest Park East, OH cost?
Median Sold Price
$279,950
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Forest Park East have sold for 12% more than they did a year ago.
Summary: The median home sold price in Forest Park East was $279,950 in May 2024, up 12% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $131K | $136.5K | +4.2% |
| 3 Bedrooms | $250K | $275K | +10.0% |
| 4 Bedrooms | $278K | $320K | +15.1% |
| 5+ Bedrooms | $292.4K | $310K | +6.0% |
Summary: Forest Park East 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 4.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| Northern Woods | $175K | $196.6K | +12.4% |
| Forest Park East | $250K | $279.9K | +12.0% |
| Woodward Park | $265K | $275.2K | +3.9% |
| Northgate | $287K | $282K | -1.7% |
Housing Supply in Forest Park East, OH
How many homes are available in Forest Park East, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Forest Park East real estate market had 29 homes for sale in May 2024, a 7.4% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Forest Park East 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 50%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Park East, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Forest Park East in May 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Forest Park East, OH
How long does it take to sell a home in Forest Park East, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +16.7% |
Summary: Homes in Forest Park East had an average of 13 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
11 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 Forest Park East are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Forest Park East; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.