$2,374 Closing Credit*
$199,900
3 Beds
•2 Full Baths
Ryan Shedlock, Listing Office: Howard Hanna Real Estate Services
Is Forest Hills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Forest Hills has remained a Seller's Market.
Key Takeaway
Forest Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Hills, PA
How much do homes in Forest Hills, PA cost?
Median Sold Price
$239,900
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,900(+14.2%)
Key Takeaway
Homes in Forest Hills have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Forest Hills was $239,900 in October 2024, up 14.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.7K | $89K | +20.7% |
| 2 Bedrooms | $198K | $156.5K | -21.0% |
| 3 Bedrooms | $205K | $239.4K | +16.8% |
| 4 Bedrooms | $289.3K | $285K | -1.5% |
| 5+ Bedrooms | $385K | $242.5K | -37.0% |
Summary: Forest Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes decreased by 21%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 37%.
Median Sold Price Compared To Nearby Cities
| North Braddock | $43.9K | $87K | +98.0% |
| Churchill | $252K | $289.7K | +15.0% |
| Forest Hills | $210K | $239.9K | +14.2% |
Housing Supply in Forest Hills, PA
How many homes are available in Forest Hills, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The Forest Hills real estate market had 36 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Forest Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Hills, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Forest Hills in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Forest Hills, PA
How long does it take to sell a home in Forest Hills, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +25.1% |
Summary: Homes in Forest Hills had an average of 25 days on market in Oct 2024, up by 25.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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, 7 homes were sold in Forest Hills; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
