Is Forest Hills, NY a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Forest Hills is a buyer's market


Difference Since May 2023

Since last year, Forest Hills has remained a Buyer's Market.

Key Takeaway

Forest Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Forest Hills, NY

How much do homes in Forest Hills, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Forest Hills have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Forest Hills was $484,250 in May 2024, up 2.1% from last year, and the median price per square foot was $478.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $320K$326.5K
2 $488K$505K
3 $970K$1.0M
4 $1.6M$1.4M
5+ $2.1M$1.9M

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 2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Neighborhoods

Kew Gardens Hills
Rego Park
Forest Hills
Kew Gardens

Housing Supply in Forest Hills, NY

How many homes are available in Forest Hills, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Forest Hills real estate market had 357 homes for sale in May 2024, a 3.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 140151
2 133126
3 3542
4 2020
5+ 1818

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 7.9%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Hills, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Forest Hills in May 2024, down by 39.4% month-over-month. Of the 20 sold homes, 80% were sold under asking, 15% were sold at asking, and 5% were sold over asking.

Days on Market for Forest Hills, NY

How long does it take to sell a home in Forest Hills, NY?

Average Sale Time

May 2023May 2024CHANGE
157 Days92 Days-41.2%

Summary: Homes in Forest Hills had an average of 92 days on market in May 2024, down by 41.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Forest Hills has remained consistent over time.

Summary: During May 2024, 20 homes were sold in Forest Hills; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Forest Hills, NY

Nearby Markets to Forest Hills, NY