Is Forest Hill, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Hill is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Forest Hill has remained a Seller's Market.

Key Takeaway

Forest Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Forest Hill, MD cost?

Median Sold Price

$399,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$26,000(-6.1%)

Key Takeaway

Homes in Forest Hill have sold for 6.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$112K
N/A
2 $210.5K$199K
-5.5%
3 $329.9K$335K
+1.5%
4 $500K$515K
+3.0%
5+ $645K$735K
+14.0%

Median Sold Price Compared To Nearby Cities

Jarrettsville
+19.9%
Street
+17.2%
Fallston
+11.5%
Forest Hill
-6.1%

How many homes are available in Forest Hill, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
5046-8.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 69
+50.0%
3 1418
+28.6%
4 2116
-23.8%
5+ 93
-66.7%

Number of Homes Sold

Aug 2022Sep 2022%
2710-63.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Hill, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days7 Days-48.8%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Forest Hill are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Forest Hill, MD

Forest Hill, MD has 46 homes for sale to choose from. The number of homes for sale in Forest Hill, MD decreased by 8% between August 2022 and September 2022. In September 2022 median list price was $399,000 and the average listing age was 7 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 5.5%, the cost of 3 bedrooms properties went up by 1.5%, 4 bedrooms properties prices increased by 3%, 5 bedrooms properties became 14% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 50%, 3 bedrooms homes inventory increased by 28.6%, the quantity of 4 bedrooms homes went down by 23.8%, 5 bedrooms homes inventory decreased by 66.7%. Forest Hill, MD housing market in September 2022 saw over 6 listings sold above listed price, more than 4 sold at listed price and over 0 sold below.

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