FMLS Residential · neighborhood
Fern Parc
Neighborhood series. Most months are too thin for a median. 32 closings in the last 12 months. Use Norcross as the pricing context.
Closed sales through 2026-09. Live inventory is a current snapshot, not the closed month. 9 active · 0 under contract · 0 pending. Total residential listings by status: 9.
Data confidence: Moderate. 32 closings in the last 12 months. Usable if you stay on rolling periods and compare to the parent market.
How to read a neighborhood
A subdivision with a handful of sales a year cannot support the same report as a ZIP or a school. The numbers below are a trailing year, not a monthly market.
- 32 homes closed here in the last 12 months. That is enough to sketch a price range.
- Ignore a single month’s median. One luxury sale or one starter home moves it by six figures.
- Price off Norcross, then adjust for this subdivision’s size, age, and condition.
- 9 homes are active right now. That live list is more useful than last month’s median. Homes for sale in Fern Parc, Norcross →
Versus the FMLS footprint
Latest closed month only, not the 12-month figure above. The FMLS footprint is the macro context.
1.5 months of supply on last month’s pace (9 active ÷ 6 closings). 2.0 months on the trailing-12 pace (average 5 closings a month). These are different windows.Sellers have leverage on well-priced homes. 33.3% of last month’s closings were below list.
How homes actually closed
Based on 6 closings. One sale moves these percentages by 17 points. Read the direction, not the exact share.
Leading signals
These move before closed prices. Use them to see if the next 30–60 days look tighter or looser than last month’s closings.
More homes are coming on than are selling. If pendings do not pick up, sellers lose leverage.
If you own in Fern Parc
Moderate confidence. 32 closings in the last 12 months.
- Your subdivision is a competitive set, not a market index. The trailing-year median is $400,352.
- Start with Norcross, then adjust for lot, size, age, and condition.
- 9 homes are competing with yours right now. That live list matters more than last month’s median. Homes for sale in Fern Parc, Norcross →
- Homes that sold in the last year took about 32 days. If you list, price to the 12-month $/SF ($169), not a single recent sale.
What this means if you are listing in Fern Parc
- Price to the 12-month median and $/SF ($400,352, $169), not last month and not the FMLS-wide number. Then check it against Norcross.
- 1.5 months of supply on last month’s pace. Homes that sold in the last year took about 32 days. Longer than the 12-month DOM usually means the price is high.
- 37.5% of the last 12 months’ closings were below list. 37.5% had already reduced. Read that as a year, not as last month’s three sales.
- The live list is the competition. Homes for sale in Fern Parc, Norcross →
What this means if you are making an offer
- Well-priced homes can still move. Your better leverage is on homes that have sat.
- 37.5% of the last year’s closings had already reduced. That is where the negotiation is.
- Do not use the FMLS-wide median. Start with Norcross, then this subdivision’s 12-month $/SF.
- Last month had 6 closings. One sale does not make a market. Confirm on the live list. Homes for sale in Fern Parc, Norcross →
Live inventory mix
Current listings by price band and property type. Where the competition actually is right now.
Price bands
| Band | Listed | Share |
|---|---|---|
| $300–500k | 9 | 100.0% |
Property types
| Type | Listed | Median ask |
|---|---|---|
| Townhouse | 9 | $409,950 |
9 active, 0 under contract, 0 pending. 5 new in the last 30 days.
Median close price
Monthly series
Most recent months first. Neighborhood medians show with 1+ closings. One sale moves the number; use the 12-month figure for context.
| Month | Closed | Median | $/SF | DOM | Sale/list | Below | Reduced |
|---|---|---|---|---|---|---|---|
| Sep 2026 | 6 | $399,950 | $168 | 25 | 100.0% | 33.3% | 0.0% |
| Aug 2026 | 7 | $402,500 | $166 | 13 | 100.0% | 28.6% | 0.0% |
| Jul 2026 | 7 | $390,950 | $164 | 55 | 100.0% | 42.9% | 57.1% |
| Jun 2026 | 6 | $389,950 | $169 | 24 | 100.0% | 16.7% | 33.3% |
| May 2026 | 2 | $407,450 | $175 | 63 | 94.0% | 100.0% | 100.0% |
| Apr 2026 | 3 | $419,950 | $181 | 40 | 98.9% | 66.7% | 100.0% |
| Mar 2026 | 1 | $442,950 | $190 | 25 | 100.0% | 0.0% | 100.0% |
Below = closed under 99% of list. Reduced = original list higher than final list.