Forest Hills Housing Update: Modest Price Gains, Ample Inventory This Spring
Forest Hills, NY – March 15, 2026 – Home values are edging up slightly, inventory remains steady, and recent sales show mixed pricing across co-ops and houses.
Forest Hills Housing Market Update
Home values in Forest Hills are showing modest stability heading into spring, with inventory levels giving buyers more options than in recent years.
Top takeaways
- Typical home value: $512,212, up 0.5% year over year.
- About 385 homes were listed for sale at the end of February.
- Homes are going pending in roughly 78 days on average.
- Market conditions have leaned toward buyers in early 2026.
According to Zillow data through January 31, 2026, values have inched up 0.5% from a year ago, signaling slow but positive price movement. Inventory stood at 385 active listings as of February 28, with 55 new listings added during the month. The median list price was about $435K in late February, while the median sale price in recent data was roughly $436K.
Realtor.com’s January snapshot characterized the neighborhood as a buyer’s market, meaning supply has been outpacing demand. That aligns with a median sale-to-list ratio just under 1.0, suggesting many properties are closing at or slightly below asking.
Recent sales activity
Redfin records from early March show a wide range of outcomes. Recent closed deals included one-bedroom co-ops in the high $200Ks and $300Ks, two-bedroom units around the mid-$400Ks, and single-family homes selling above $1.1M. Days on market commonly exceeded 100 days, highlighting a slower pace compared to peak pandemic years.
What’s for sale now
- Co-ops with doorman or elevator buildings, many priced between the high $200Ks and mid-$500Ks.
- Townhomes and detached houses, with asking prices often starting near $1M and climbing higher for larger properties.
With mortgage rates easing from recent highs nationally and more listings available, spring 2026 could offer negotiating room for qualified buyers. Sellers, meanwhile, may need to price competitively and prepare for longer marketing times.
What are you seeing on the ground in Forest Hills — more open houses, price cuts, or multiple-offer situations?
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