New - 13 hours on Rocket
$10,000 Closing Credit¹
#826237, Listing Office: Exit Realty First Choice
Forest Hills Housing Market Report January 2025•Queens County, New York
Housing Prices in Forest Hills, NY
How much do homes in Forest Hills, NY cost?
Housing Market Conditions
Is Forest Hills, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Forest Hills is a Buyer's Market
Difference Since January 2024
Since last year, Forest Hills has remained a Buyer's Market.
Insight
Forest Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$450,000$512/SqFt
-$5,000
-1.1%
Based on all homes sold in the last 12 months
Insight
Homes in Forest Hills have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Forest Hills was $450,000 in January 2025, down 1.1% from last year, and the median price per square foot was $512.
Median Sold Price By Neighborhoods
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Rego Park | $390K | $415K | +6.4% |
| Forest Hills | $455K | $450K | -1.1% |
| Kew Gardens | $320K | $302.5K | -5.5% |
| Kew Gardens Hills | $439.9K | $404K | -8.2% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $315K | $320K | +1.6% |
| 22 Bedrooms | $480K | $468.7K | -2.3% |
| 33 Bedrooms | $965K | $1.0M | +9.8% |
| 44 Bedrooms | $1.4M | $1.6M | +11.4% |
| 55+ Bedrooms | $2.0M | $1.8M | -9.9% |
Summary: Forest Hills housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.6%. The home price for 2 bedroom homes decreased by -2.3%. The home price for 3 bedroom homes increased by +9.8%. The home price for 4 bedroom homes increased by +11.4%. The home price for 5 bedroom homes decreased by -9.9%.
Housing supply in Forest Hills, NY
How many homes are available in Forest Hills, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 318Last MonthJan 2025 | ||
| 3352 months agoDec 2024 | -5.1 % Change MoMDec – Jan |
Summary: The Forest Hills real estate market had 318 homes for sale in Jan 2025, a 5.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthJan 2025 | ||
| 352 months agoDec 2024 | -34.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 143 | 140 | -2.1% |
| 22 Bedrooms | 127 | 120 | -5.5% |
| 33 Bedrooms | 38 | 31 | -18.4% |
| 44 Bedrooms | 14 | 15 | +7.1% |
| 55+ Bedrooms | 13 | 12 | -7.7% |
Summary: Forest Hills housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -2.1%. The inventory for 2 bedroom homes decreased by -5.5%. The inventory for 3 bedroom homes decreased by -18.4%. The inventory for 4 bedroom homes increased by +7.1%. The inventory for 5 bedroom homes decreased by -7.7%.
Asking Price vs. Sold Price
How much do homes in Forest Hills, NY cost?
Over Asking Price0 Home
At Asking Price9 Homes
Under Asking Price14 Homes
Insight
If you're buying a home in Forest Hills, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Forest Hills in January 2025, down by 34.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 39% were sold at asking, and and 0% were sold over asking.
Days on Market for Forest Hills, NY
How long does it take to sell a home in Forest Hills, NY?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days7 Homes
Over 90 Days6 Homes
Insight
Avg time on Rocket Homes in Forest Hills has remained consistent over time.
Summary: During January 2025, 23 homes were sold in Forest Hills; 17% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 87 DaysThis YearJan 2025 | ||
| 97 Days1 year agoJan 2024 | -10.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Forest Hills had an average listing age of 87 days in Jan 2025, down by 10.4% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Forest Hills, NY
What homes are available in Forest Hills, NY?
New - 3 days on Rocket
$3,551 Closing Credit¹
#826154, Listing Office: Keller Williams Points North
New - 3 days on Rocket
$9,084 Closing Credit¹
#RLS20004374, David Chi, Listing Office: MNS
New - 4 days on Rocket
$3,076 Closing Credit¹
#826704, Listing Office: Mitra Hakimi Realty Group LLC
New - 4 days on Rocket
$3,313 Closing Credit¹
#824515, Listing Office: Benjamin Realty Since 1980
New - 5 days on Rocket
$10,000 Closing Credit¹
#825331, Listing Office: EXP Realty
New - 7 days on Rocket
$4,619 Closing Credit¹
#824089, Listing Office: Benjamin Realty Since 1980
New - 7 days on Rocket
$5,463 Closing Credit¹
#825418, Listing Office: Coldwell Banker American Homes
New - 7 days on Rocket
$3,301 Closing Credit¹
#825195, Listing Office: RE/MAX City Square
Coming soon
$10,000 Closing Credit¹
#825019, Listing Office: Douglas Elliman Real Estate
$6,294 Closing Credit¹
#RLS20002715, Philip C Laffey, Listing Office: Laffey Real Estate NYC LLC
$10,000 Closing Credit¹
#823012, Listing Office: Winzone Realty Inc
Popular Cities with Homes for Sale in New York
- Homes for sale in Albany, NY
- Homes for sale in Amherst, NY
- Homes for sale in Brooklyn, NY
- Homes for sale in Buffalo, NY
- Homes for sale in Carmel, NY
- Homes for sale in Elmira, NY
- Homes for sale in Harrison, NY
- Homes for sale in Jamestown, NY
- Homes for sale in Manhattan, NY
- Homes for sale in New Rochelle, NY
- Homes for sale in New York, NY
- Homes for sale in Queens, NY
- Homes for sale in Riverhead, NY
- Homes for sale in Rochester, NY
- Homes for sale in Schenectady, NY
- Homes for sale in Smithtown, NY
- Homes for sale in Syracuse, NY
- Homes for sale in Utica, NY
- Homes for sale in Valley Stream, NY
- Homes for sale in White Plains, NY
- Homes for sale in Yonkers, NY
MLS Disclaimers and Copyright
Based on information from OneKey MLS, and Real Estate Board of New York for the period 02/01/2023 - 02/01/2025
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/24/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
©2025 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/24/2025, 11:55:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.