Forest Hill is an established, settled suburb, with a notably older resident base and around three-quarters of homes owner-occupied. The market's engine right now is the entry-level house. Three-bedroom homes near $1.14m accounted for the bulk of sales over the past year and are selling in about five weeks, and that is where buyer competition is most consistent.
As you move up, the market thins. Four-bedroom homes are clearing in the high sixties, and the jump to a five-bedroom home is a big one, with the median stepping up to around $1.818m on far fewer sales. The top end is quieter and slower to move.
For most owners here the message is straightforward. If your home sits in the three or four-bedroom range, demand is steady and genuine. If you are selling a larger home, price it to this year's evidence and be prepared for a longer campaign, because that is where buyers are being most careful.
Median sale price for houses in Forest Hill is $1,220,000, up 2.5% from last year.
Median sale price for units in Forest Hill is $775,000, up 13.1% from last year.
Properties sold for houses in Forest Hill is 153, down 11.0% from last year.
Properties sold for units in Forest Hill is 41, up 70.8% from last year.
Auction clearance for houses in Forest Hill is 64.3%, down 14.1% from last year.
Auction clearance for units in Forest Hill is 79.2%, down 20.8% from last year.
Av days on market for houses in Forest Hill is 41, up 28.1% from last year.
Av days on market for units in Forest Hill is 37, down 61.9% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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