New - 2 hours on Rocket
$4,738 Closing Credit¹
Listing Office: Benjamin Realty Since 1980
Forest Hills Housing Market Report December 2024•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 December 2023
At the same time last year, Forest Hills was a Neutral 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
$448,166$505/SqFt
+$9,666
+2.2%
Based on all homes sold in the last 12 months
Insight
Homes in Forest Hills have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Forest Hills was $448,166 in December 2024, up 2.2% from last year, and the median price per square foot was $505.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Rego Park | $390K | $415K | +6.4% |
| Forest Hills | $438.5K | $448.1K | +2.2% |
| Kew Gardens Hills | $415K | $401.5K | -3.3% |
| Kew Gardens | $345K | $300K | -13.0% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $315K | $320K | +1.6% |
| 22 Bedrooms | $465K | $485K | +4.3% |
| 33 Bedrooms | $967.5K | $1.0M | +9.6% |
| 44 Bedrooms | $1.5M | $1.5M | +2.4% |
| 55+ Bedrooms | $2.0M | $1.7M | -15.0% |
Summary: Forest Hills housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +1.6%. The home price for 2 bedroom homes increased by +4.3%. The home price for 3 bedroom homes increased by +9.6%. The home price for 4 bedroom homes increased by +2.4%. The home price for 5 bedroom homes decreased by -15.0%.
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 |
|---|---|---|
| 350Last MonthDec 2024 | ||
| 3412 months agoNov 2024 | +2.6 % Change MoMNov – Dec |
Summary: The Forest Hills real estate market had 350 homes for sale in Dec 2024, a 2.6 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 34Last MonthDec 2024 | ||
| 332 months agoNov 2024 | +3.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 142 | 150 | +5.6% |
| 22 Bedrooms | 129 | 136 | +5.4% |
| 33 Bedrooms | 42 | 38 | -9.5% |
| 44 Bedrooms | 15 | 14 | -6.7% |
| 55+ Bedrooms | 13 | 12 | -7.7% |
Summary: Forest Hills housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +5.6%. The inventory for 2 bedroom homes increased by +5.4%. The inventory for 3 bedroom homes decreased by -9.5%. The inventory for 4 bedroom homes decreased by -6.7%. 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 Price4 Homes
At Asking Price10 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in Forest Hills, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Forest Hills in December 2024, up by 3.0% month-over-month. Of the 34 sold homes, 59% were sold under asking, 29% were sold at asking, and and 12% 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 Days14 Homes
Over 90 Days10 Homes
Insight
Avg time on Rocket Homes in Forest Hills has remained consistent over time.
Summary: During December 2024, 34 homes were sold in Forest Hills; 12% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 86 DaysThis YearDec 2024 | ||
| 82 Days1 year agoDec 2023 | +4.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Forest Hills had an average listing age of 86 days in Dec 2024, up by 4.7% compared to the previous year.
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Newest Listings in Forest Hills, NY
What homes are available in Forest Hills, NY?
New - 6 hours on Rocket
$4,750 Closing Credit¹
Listing Office: EXP Realty
New - 12 hours on Rocket
$10,000 Closing Credit¹
Listing Office: Charles Rutenberg Realty Inc
New - 1 day on Rocket
$3,681 Closing Credit¹
Listing Office: Keller Williams Rlty Landmark
New - 1 day on Rocket
$7,101 Closing Credit¹
Listing Office: Exit Realty First Choice
New - 2 days on Rocket
$10,000 Closing Credit¹
Listing Office: APRE Inc
New - 2 days on Rocket3D tour
$5,332 Closing Credit¹
Listing Office: NY Metro Realty Group Ltd
New - 2 days on Rocket
$5,914 Closing Credit¹
#RLS11030124, Susan Lusardi, Listing Office: Douglas Elliman Real Estate
New - 3 days on Rocket
$10,000 Closing Credit¹
Listing Office: Daniel Gale Sothebys Intl Rlty
New - 3 days on Rocket
$10,000 Closing Credit¹
Listing Office: Brown Harris Stvns Forest Hill
New - 3 days on Rocket
$5,213 Closing Credit¹
Listing Office: APRE Inc
New - 6 days on Rocket
$10,000 Closing Credit¹
#RLS11020265, Malek Abdel, Listing Office: DGSIR Realty
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, and Real Estate Board of New York for the period 01/01/2023 - 01/01/2025
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.
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Last updated on: 1/24/2025, 7:11:50 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.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/24/2025, 7:21:43 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.