Is Forest Hills, NY 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.
Housing Prices in Forest Hills, NY
How much do homes in Forest Hills, NY cost?
Median Sold Price
$480,000
$486/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Hills was $480,000 in April 2024, up 1.2% from last year, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323K | $328K | +1.5% |
2 Bedrooms | $481.5K | $500K | +3.8% |
3 Bedrooms | $980K | $999K | +1.9% |
4 Bedrooms | $1.5M | $1.4M | -3.2% |
5+ Bedrooms | $2.1M | $1.9M | -9.4% |
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 1.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
Kew Gardens Hills | $374.7K | $415K | +10.7% |
Rego Park | $385K | $401.6K | +4.3% |
Forest Hills | $474.2K | $480K | +1.2% |
Kew Gardens | $328K | $320.7K | -2.2% |
Housing Supply in Forest Hills, NY
How many homes are available in Forest Hills, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
341 | 351 | +2.9% |
Summary: The Forest Hills real estate market had 351 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 147 | 147 | 0.0% |
2 Bedrooms | 128 | 134 | +4.7% |
3 Bedrooms | 35 | 33 | -5.7% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 15 | 19 | +26.7% |
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 4.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Forest Hills in April 2024, up by 4.0% month-over-month. Of the 26 sold homes, 58% were sold under asking, 35% were sold at asking, and 8% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
135 Days | 84 Days | -37.9% |
Summary: Homes in Forest Hills had an average of 84 days on market in Apr 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Forest Hills; 8% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.