Forsyth home prices fall in the first half of 2020

Medium realestate3

The median sale price of a home sold in the first half of 2020 in Forsyth fell by $28,000 while total sales decreased by 27%, according to BlockShopper.com.

From January through June of 2020, there were 27 homes sold, with a median sale price of $201,500 - a 12.2% decrease over the $229,500 median sale price for the same period of the previous year. There were 37 homes sold in Forsyth in the first half of 2019.

The median sales tax in Forsyth for the most recent year with available data, 2017, was $4,781, approximately 2.4% of the median home sale price for the first half of 2020.

The following table compares Forsyth to other Macon County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Oakley37-57.1%$250,000$104,300139.7%
Forsyth2737-27%$201,500$229,500-12.2%
Long Creek3314135.7%$164,900$176,500-6.6%
Maroa1014-28.6%$133,875$125,9506.3%
Mount Zion48480%$133,750$133,5000.2%
Harristown11110%$115,000$86,50032.9%
Argenta7616.7%$103,000$92,20011.7%
Warrensburg11922.2%$87,500$93,000-5.9%
Oreana513-61.5%$82,000$120,000-31.7%
Macon1315-13.3%$77,000$57,50033.9%
Niantic35-40%$76,400$74,5002.6%

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