Is Forest Lakes, AZ 85931 a buyer’s or seller’s market?
Forest Lakes is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Forest Lakes housing market right now
In the three months ending August 31, 2026, 0% of homes in Forest Lakes, AZ 85931 sold above their list price, the typical home went under contract in 54 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (67 days then) and the median sale price fell 5% to $519,775. Overall, Forest Lakes is more competitive than a year ago, so tougher for buyers.
Within Coconino County, homes here sell faster than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Flagstaff 86003 (40% sold over asking) and Page 86040 (33% sold over asking) are even more competitive.
Run the numbers for 85931
Nearby markets
Ash Fork 86320Buyer’s market $133 /sq ftBellemont 86015Seller’s market $293 /sq ftFlagstaff 86001Balanced $399 /sq ftFlagstaff 86003Seller’s market $466 /sq ft Browse all markets →Where Forest Lakes is
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Questions about Forest Lakes real estate
Is Forest Lakes a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Forest Lakes, AZ 85931 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Forest Lakes?
The typical home went under contract in 54 days in the latest three months.
Do homes in Forest Lakes sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Forest Lakes?
About 0.46% of a home’s value a year in Coconino County, or roughly $1,840 on a $400,000 home.
What is the median home price in Forest Lakes?
The median sale price was $519,775 in the three months ending August 31, 2026, about $479 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology