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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Hills is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Forest Hills, TN cost?

Median Sold Price

$1,527,500

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$387,500(+34.0%)

Key Takeaway

Homes in Forest Hills have sold for 34% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $685K$1.3M
+101.5%
3 $800K$1.1M
+41.0%
4 $989K$1.2M
+29.9%
5+ $1.7M$2.4M
+38.8%

Median Sold Price Compared To Nearby Cities

Belle Meade
+39.6%
Forest Hills
+34.0%
Brentwood
+30.6%
Nashville
+18.2%
Oak Hill
+12.7%

How many homes are available in Forest Hills, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
2930+3.4%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 11
0.0%
3 01
+100.0%
4 1313
0.0%
5+ 1515
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Hills, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
45 Days44 Days-2.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Forest Hills 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 Hills, TN

Number of homes for sale in Forest Hills, TN real estate market have reached 30. The number of homes for sale in Forest Hills, TN increased by 3.4% between March 2022 and April 2022. While the average time on the market in April 2022 was 44 days, the median list price was $1,527,500. Listing prices have changed in this real estate market between March 2022 and April 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 101.5%, the cost of 3 bedrooms properties went up by 41%, prices of 4 bedrooms properties went up by 29.9%, prices of 5 bedrooms properties went up by 38.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory increased by 100%, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. In April 2022, from all listings sold in Forest Hills, TN there were more than 3 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.

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