Is Forest Hills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Forest Hills has remained a Seller's Market.
Housing Prices in Forest Hills, PA
How much do homes in Forest Hills, PA cost?
Median Sold Price
$220,100
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forest Hills was $220,100 in May 2024, up 4.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.2K | $89K | +32.3% |
2 Bedrooms | $155K | $176K | +13.5% |
3 Bedrooms | $206K | $210K | +1.9% |
4 Bedrooms | $255K | $300K | +17.6% |
5+ Bedrooms | $298.5K | $50K | -83.2% |
Summary: Forest Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 83.2%.
Median Sold Price Compared To Nearby Cities
North Braddock | $60.2K | $82.5K | +36.9% |
Braddock Hills | $140.1K | $149K | +6.4% |
Forest Hills | $210K | $220.1K | +4.8% |
Churchill | $262.5K | $239K | -9.0% |
Chalfant | $129K | $95K | -26.4% |
Housing Supply in Forest Hills, PA
How many homes are available in Forest Hills, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 49 | +32.4% |
Summary: The Forest Hills real estate market had 49 homes for sale in May 2024, a 32.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Forest Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Forest Hills in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Forest Hills, PA
How long does it take to sell a home in Forest Hills, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 15 Days | -77.5% |
Summary: Homes in Forest Hills had an average of 15 days on market in May 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Forest Hills; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.