$6,401 Closing Credit*
$539,000
1,200 SqFt
2 Beds
•2 Full Baths
Listing Office: Prime Realty
Is Forest Hills, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Forest Hills was a Seller'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, NY
How much do homes in Forest Hills, NY cost?
Median Sold Price
$450,000
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$250(+0.1%)
Key Takeaway
The sold price of homes in Forest Hills has remained the same since last year.
Summary: The median home sold price in Forest Hills was $450,000 in November 2024, up 0.1% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.2K | $315K | -0.7% |
| 2 Bedrooms | $468.5K | $485K | +3.5% |
| 3 Bedrooms | $970K | $1.0M | +12.2% |
| 4 Bedrooms | $1.4M | $1.5M | +9.3% |
| 5+ Bedrooms | $2.0M | $1.7M | -11.3% |
Summary: Forest Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Rego Park | $390K | $413.3K | +6.0% |
| Kew Gardens Hills | $400K | $415K | +3.8% |
| Forest Hills | $449.7K | $450K | 0.1% |
| Kew Gardens | $345K | $289K | -16.2% |
Housing Supply in Forest Hills, NY
How many homes are available in Forest Hills, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 349 | 352 | +0.9% |
Summary: The Forest Hills real estate market had 352 homes for sale in November 2024, a 0.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 144 | 142 | -1.4% |
| 2 Bedrooms | 129 | 136 | +5.4% |
| 3 Bedrooms | 41 | 42 | +2.4% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Forest Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Hills, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Forest Hills in November 2024, down by 12.9% month-over-month. Of the 27 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 101 Days | +14.1% |
Summary: Homes in Forest Hills had an average of 101 days on market in Nov 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forest Hills has remained consistent over time.
Summary: During November 2024, 27 homes were sold in Forest Hills; 19% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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