Is Forest Hills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, PA
How much do homes in Forest Hills, PA cost?
Median Sold Price
$222,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Forest Hills have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Forest Hills was $222,500 in April 2024, up 3.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.2K | $89K | +32.3% |
| 2 Bedrooms | $152.4K | $185.4K | +21.6% |
| 3 Bedrooms | $212.4K | $212.5K | 0.0% |
| 4 Bedrooms | $262.5K | $281.9K | +7.4% |
| 5+ Bedrooms | $280K | $385K | +37.5% |
Summary: Forest Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Forest Hills | $215K | $222.5K | +3.5% |
| Churchill | $249K | $255K | +2.4% |
Housing Supply in Forest Hills, PA
How many homes are available in Forest Hills, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 41 | +32.3% |
Summary: The Forest Hills real estate market had 41 homes for sale in April 2024, a 32.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Forest Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Hills, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Forest Hills in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 157 Days | +297.7% |
Summary: Homes in Forest Hills had an average of 157 days on market in Apr 2024, up by 297.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Forest Hills; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
