Forney, TX is a city in Kaufman County.  Although some consider Forney to be a suburb of Dallas, it is not nearly as populated as some other suburbs that are closer to the city and still maintains the feel of a small town despite rapid population growth over the last several years. Forney had a population of just over 5,000 in 2000 and has grown to over 23,000 people as of a 2018 US Census estimate.  The city of Forney is just over 13 square miles but is surrounded by unincorporated areas outside of the city limits that make it feel larger.

Buyers looking for homes on larger lots have more options in Forney than many neighboring cities, especially ones closer to Dallas, and it’s not uncommon to find homes on as much as an acre or more of land in and around Forney.  The city has many antique shops and is known as the “Antique Capital of Texas”.  Forney also has many building supply stores, and the materials and services they sell are often less expensive than their competitors in other parts of D/FW.

Median Sales Price Chart for Homes in Forney, Texas

NOTE: On mobile, slide charts to left to see data for all years.

Median home prices have experienced significant growth in Forney in recent years, but it is still more affordable than other suburbs and cities close to Dallas.

Median Sales Price Per Square Foot Chart for Homes in Forney, Texas

The median price per foot has also increased substantially, and this is partially due to the significant increase in new construction in and around Forney to provide housing for new residents.

Median List Price Chart for Homes in Forney, Texas

Median list prices have increased along with median sales prices, and both have shown signs of stabilizing recently.

Average Days on Market Chart for Homes in Forney, Texas

Due to the recent growth of Forney coupled with the affordable home prices, homes sold very fast on average during the peak years of the real estate boom.

Average Days on Market Chart by Price Range for Homes in Forney, Texas

As prices have increased, the average days on market for homes priced under $200K has decreased substantially, and the inventory of homes in this price point have decreased to very few. Higher price points do take longer to sell on average.

Months Supply of Home Inventory Chart for Homes in Forney, Texas

Even as new housing supply has come onto the market in Forney, the supply of homes remained very low.  A supply of fewer than four months is generally considered a seller’s market and Forney remained below this level for much of the last several years.

Months Supply by Price Range of Home Inventory Forney, Texas

The 12 month trend of home supply at lower price points rapidly declined and remained firmly within the range of a seller’s market for many years, especially the supply of homes priced under $200K.  The supply of homes priced between $200K and $300K was also in the seller’s market range for many years but has begun to trend closer to a neutral market in recent years.  The supply of homes in the higher price points varies between a neutral and buyer’s market as demand for higher price points is not as strong in Forney as some other cities closer to Dallas.

Average Percentage of List Price Received for Homes in Forney, Texas

Once Forney’s population began to experience rapid growth (which also happened during the peak boom of the real estate market), homes were selling for very close to their list prices on average.

Average Percentage of List Price Received by Price Range for Homes in Forney, Texas

The 12 month trend of list price to sales price ratio shows the strong market has cooled off somewhat but the lowest price points are still selling relatively close to their asking prices on average.  During the peak years of the real estate boom, it was not uncommon to see bidding wars on homes in Forney with some selling for over list price.  This can still happen even when the market slows down on homes that are priced well with nice finish-outs and other good selling points.

Active Listings For Sale of Homes in Forney, Texas

The inventory of listings has grown significantly along with the population of Forney, and has reached several hundred during peak selling months of some years.

Active Listings by Price Range for Sale of Homes in Forney, Texas

As home prices and the population of Forney increased, the supply of homes priced in the lower price tiers has gradually been replaced with higher priced homes.  The inventory of homes priced under $200K has dropped from the highest to the lowest percentage of listings and homes priced between $200K and $400K comprise most of the available homes for sale.

New Listings of Homes in Forney, Texas

As inventory has grown, so has the inventory of new listings.  The number of new listings between seasons has shown more variance over time with the spring and summer months being much busier than fall and winter.

New Listings by Price Range of Homes in Forney, Texas

New listings of all price points typically follow a seasonal pattern with the busiest months being in spring and summer.

Pending Sales of Homes in Forney, Texas

The busiest months for pending sales are usually in the late spring and summer, and occasionally there will be an exceptionally busy month in the early fall.

Closed Sales of Homes in Forney, Texas

All data is provided by NTREIS and deemed reliable but not 100% accurate.  Charts are powered by 10K Research.

Newest Real Estate For Sale in Forney, Texas