$4,144 Closing Credit*
$349,000
1 Bed
•1 Full Bath
Listing Office: Brown Harris Stvns Forest Hill
Is Forest Hills, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Forest Hills was a Neutral 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
$443,437
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,562(-7.6%)
Key Takeaway
Homes in Forest Hills have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Forest Hills was $443,437 in October 2024, down 7.6% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $323K | $315K | -2.5% |
| 2 Bedrooms | $480K | $492.5K | +2.6% |
| 3 Bedrooms | $970K | $1.0M | +12.8% |
| 4 Bedrooms | $1.4M | $1.4M | -0.2% |
| 5+ Bedrooms | $2.1M | $1.9M | -8.2% |
Summary: Forest Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Kew Gardens Hills | $380K | $425K | +11.8% |
| Rego Park | $391.8K | $422.8K | +7.9% |
| Forest Hills | $480K | $443.4K | -7.6% |
| Kew Gardens | $345K | $289.5K | -16.1% |
Housing Supply in Forest Hills, NY
How many homes are available in Forest Hills, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 350 | 372 | +6.3% |
Summary: The Forest Hills real estate market had 372 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 143 | 152 | +6.3% |
| 2 Bedrooms | 131 | 134 | +2.3% |
| 3 Bedrooms | 42 | 47 | +11.9% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Forest Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 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. 65.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Forest Hills in October 2024, up by 20.8% month-over-month. Of the 29 sold homes, 66% were sold under asking, 24% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 113 Days | 77 Days | -32.2% |
Summary: Homes in Forest Hills had an average of 77 days on market in Oct 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Forest Hills; 34% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 24% 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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