Lakes of Forest Hill Housing Market Report May 2025•Shelby County, Tennessee

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Housing Prices in Lakes of Forest Hill, TN

How much do homes in Lakes of Forest Hill, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$532,450–
-$392,550
-42.4%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Lakes of Forest Hill has decreased by 42.4% since last year.

Summary: The median home list price in Lakes of Forest Hill was $532,450 in May 2025, down 42.4% from the previous year, and the median price per square foot was $0.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2--
N/A
3-$394.9K
N/A
4$510K$536.9K
+5.3%
5$2.2M$614.9K
-72.2%

Summary: Lakes of Forest Hill housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +5.3%. The home price for 5 bedroom homes decreased by -72.2%.

How does Lakes of Forest Hill, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lakes of Forest Hill, TN

Housing supply in Lakes of Forest Hill, TN

How many homes are available in Lakes of Forest Hill, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
10Last MonthMay 2025
72 months agoApr 2025
+42.9 %
Change MoMApr – May

Summary: The Lakes of Forest Hill real estate market had 10 homes for sale in May 2025, a 42.9 % increase compared to Apr 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
200
0.0%
311
0.0%
435
+66.7%
534
+33.3%

Summary: Lakes of Forest Hill housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +66.7%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Lakes of Forest Hill, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Lakes of Forest Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lakes of Forest Hill in May 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Lakes of Forest Hill, TN

How long does it take to sell a home in Lakes of Forest Hill, TN?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
273 DaysThis YearMay 2025
1,584 Days1 year agoMay 2024
-82.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Lakes of Forest Hill had an average listing age of 273 days in May 2025, down by 82.8% compared to the previous year.

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Newest Listings in Lakes of Forest Hill, TN

What homes are available in Lakes of Forest Hill, TN?

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Nearby markets aren't available for Lakes of Forest Hill, TN

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 06/01/2023 - 06/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/17/2025, 9:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.