$275,000
2.11 Acres
Land
Michael P Scheffenacker, Listing Office: Long & Foster Real Estate, Inc.
September 2024
Report Updated 29 Days Ago
Is Forest Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Forest Hill has remained a Seller's Market.
How much do homes in Forest Hill, MD cost?
$465,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Forest Hill was $465,000 in September 2024, up 16.3% from last year, and the median price per square foot was $198.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | - | N/A |
2 Bedrooms | $267.7K | $286K | +6.8% |
3 Bedrooms | $379.9K | $395K | +4.0% |
4 Bedrooms | $597.5K | $600K | 0.4% |
5+ Bedrooms | $840K | $674.9K | -19.7% |
Summary: Forest Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 19.7%.
Forest Hill | $399.9K | $465K | +16.3% |
Jarrettsville | $530K | $550K | +3.8% |
Street | $505K | $520K | +3.0% |
Fallston | $553.7K | $536.7K | -3.1% |
How many homes are available in Forest Hill, MD?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
52 | 59 | +13.5% |
Summary: The Forest Hill real estate market had 59 homes for sale in September 2024, a 13.5% increase compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Forest Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 14.3%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Forest Hill in September 2024, down by 6.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
How long does it take to sell a home in Forest Hill, MD?
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
8 Days | 22 Days | +167.2% |
Summary: Homes in Forest Hill had an average of 22 days on market in Sep 2024, up by 167.2% compared to last year.
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During September 2024, 15 homes were sold in Forest Hill; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 29 Days Ago
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MLS Disclaimers and Copyright
Based on information from BrightMLS for the period 10/01/2022 - 10/01/2024
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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