Is Forest Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Forest Hill was a Seller's Market.
Housing Prices in Forest Hill, MD
How much do homes in Forest Hill, MD cost?
Median Sold Price
$450,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forest Hill was $450,500 in May 2024, up 12.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141K | $170K | +20.6% |
2 Bedrooms | $243K | $265K | +9.1% |
3 Bedrooms | $365K | $390K | +6.8% |
4 Bedrooms | $605K | $560K | -7.4% |
5+ Bedrooms | $850K | $658K | -22.6% |
Summary: Forest Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Cities
Forest Hill | $399.9K | $450.5K | +12.7% |
Jarrettsville | $489.7K | $547.5K | +11.8% |
Street | $454K | $503.5K | +10.9% |
Fallston | $545K | $530K | -2.8% |
Housing Supply in Forest Hill, MD
How many homes are available in Forest Hill, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Summary: The Forest Hill real estate market had 49 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 14 | 9 | -35.7% |
4 Bedrooms | 12 | 21 | +75.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Forest Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Forest Hill in May 2024, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Forest Hill, MD
How long does it take to sell a home in Forest Hill, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 6 Days | -23.8% |
Summary: Homes in Forest Hill had an average of 6 days on market in May 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Forest Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.