Forest City, North Carolina, is a charming small town in Rutherford County, nestled in the foothills of the Blue Ridge Mountains, with a population of approximately 7,200. Known for its rich history and vibrant community spirit, the town was originally called Burnt Chimney before being renamed in 1887 for its lush, forested surroundings. Forest City offers a blend of historic charm and modern amenities, with a revitalized downtown featuring local shops, restaurants, and the annual Forest City Christmas lights display, one of the largest in the region. Outdoor enthusiasts enjoy nearby attractions like the Thermal Belt Rail Trail for biking and walking, while cultural highlights include the Rutherford County Arts Council and community festivals. With its welcoming atmosphere and proximity to larger cities like Asheville, Forest City is a delightful destination for residents and visitors seeking Southern hospitality and natural beauty.
Forest City currently has 78 single family homes for sale with an average list price of $315,528.19, 1 townhouse for sale with a list price of $159,900, and 38 lots for sale with an average list price of $228,264.47.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Forest City, i.e. what's hot and what's not.
See What's Hot & What's Not in Forest CityForest City home sales for the month of August stayed the same in volume when compared to last year, while the median sale price decreased by 13% from $249,950 to $217,500. House sales stayed the same, while the median sale price decreased by 13% from $249,950 to $217,500.
194
|
219
|
160
|
164
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$172,250
|
$198,000
|
$200,200
|
$229,500
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.