As of November 2024, the Forney, Texas housing market exhibits several notable trends:
Median Home Prices:
The median listing price is approximately $356,235, reflecting a 1.7% decrease from November 2023.
The average home value stands at $325,032, marking a 4.4% decline over the past year.
Inventory Levels:
There are 767 homes for sale, a 1.4% decrease compared to October 2024.
The number of homes for sale has increased by 12.5% year-over-year, totaling 1,028 properties.
Days on Market:
Homes are selling faster, with the average listing age dropping to 105 days, a 33.6% decrease from the previous year.
The median days on market is 52, unchanged from last year.
Market Competitiveness:
The market is somewhat competitive, with homes selling in about 46 days and receiving an average of two offers.
The sale-to-list price ratio is 98.3%, indicating that homes are selling close to their listing prices.
Price Trends by Bedroom Count:
Three-bedroom homes have a median price of $299,900, a 4% decrease from November 2023.
Four-bedroom homes have a median price of $386,400, a slight increase of 0.4% year-over-year.
Conclusion:
The Forney housing market in November 2024 shows a slight decline in median home prices and a decrease in inventory compared to the previous month. However, year-over-year data indicates an increase in available homes and a faster selling pace, suggesting a dynamic market environment. Buyers may find opportunities due to the slight price reductions, while sellers can benefit from the quicker turnaround times.
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About us: Forney New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Forney, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Forney and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Forney looking to buy a home whether you are relocating to Forney from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Forney. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Forney? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Forney that you can use to help make your home buying decision.