Is Forest Hills, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Forest Hills was a Seller's Market.
Housing Prices in Forest Hills, TN
How much do homes in Forest Hills, TN cost?
Median Sold Price
$1,912,500
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Forest Hills was $1,912,500 in March 2024, down 11% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.3M | - | N/A |
3 Bedrooms | $1.4M | $1.1M | -21.3% |
4 Bedrooms | $1.5M | $1.6M | +5.2% |
5+ Bedrooms | $2.7M | $3.5M | +27.4% |
Summary: Forest Hills housing prices by bedroom type for March 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 decreased by 21.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 27.4%.
Housing Supply in Forest Hills, TN
How many homes are available in Forest Hills, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 48 | +6.7% |
Summary: The Forest Hills real estate market had 48 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Forest Hills housing inventory by bedroom type for March 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 10%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Forest Hills in March 2024, up by 33.3% month-over-month. Of the 4 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 47 Days | +42.4% |
Summary: Homes in Forest Hills had an average of 47 days on market in Mar 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Forest Hills; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.