13 new real estate properties in Forest Hills, New York have been added to Ofirio in the last 7 days.
Of those new properties:
Forest Hills, New York has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 4% lower than than the list price. The demand for luxury real estate is lower than the demand for “Under $200k” real estate by 2%. Homes in Forest Hills, New York are on the market for 125 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the Luxury segment and it is 138% ($383,022) more than the week prior.
The average closing price for real estate in Forest Hills New York has fallen by 11% from the last week, which amounted to $523,694.
As of January 2023 Forest Hills, NY is a seller market which means homes sell faster at a higher price. In January 2023, 2 homes (15.4%) sold at asking price, 9 homes (69.2%) sold below asking price, and 2 homes (15.4%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price decreased by 3.3% from $357,500 in January 2022 to $345,750 in January 2023. The number of homes sold in Forest Hills, NY has decreased by 33.3% over the last year from 18 in January 2022 to 12 homes in January 2023.
Homes in Forest Hills, NY have sold for 1.7% less per ft² than they did a year ago. As of January 2023 the average price per square foot is $411.