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 2023

At the same time last year, Forest Hills was a Neutral Market.

Key Takeaway

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

Housing Prices in Forest Hills, TN

How much do homes in Forest Hills, TN cost?

Median Sold Price

$487,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$74,550(+18.1%)

Key Takeaway

Homes in Forest Hills have sold for 18.1% more than they did a year ago.

Summary: The median home sold price in Forest Hills was $487,000 in April 2024, up 18.1% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $463.7K-
N/A
3 $424.9K$487K
+14.6%
4 $400K-
N/A
5+ --
N/A

Summary: Forest Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Forest Hills, TN

How many homes are available in Forest Hills, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The Forest Hills real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 54
-20.0%
4 00
0.0%
5+ 00
0.0%

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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Forest Hills in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Forest Hills, TN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days108 Days+2060.0%

Summary: Homes in Forest Hills had an average of 108 days on market in Apr 2024, up by 2060% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Forest Hills are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Forest Hills; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 3 Days Ago

Newest Listings in Forest Hills, TN

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