Forest Hill is an established, settled suburb, and the market's engine right now is the entry-level house. Three-bedroom homes near $1.14 million accounted for the bulk of sales over the past year and are selling in about five weeks, helped by busier opens than July and buyers showing more confidence to commit.
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 $1.818 million on far fewer sales, an opportunity for upsizers willing to make that move.
With first-home buyers the dominant group and the $700,000 to $1.2 million range the most active band, buyers are enjoying genuine choice and the time to do due diligence rather than feeling rushed. If your home sits in the three or four-bedroom range, demand is steady and genuine right now.
Median sale price for houses in Forest Hill is $1,221,000, up 3.5% from last year.
Median sale price for units in Forest Hill is $739,000, up 1.2% from last year.
Properties sold for houses in Forest Hill is 149, down 12.9% from last year.
Properties sold for units in Forest Hill is 43, up 59.3% from last year.
Auction clearance for houses in Forest Hill is 63.8%, down 14.8% from last year.
Auction clearance for units in Forest Hill is 80.0%, down 20.0% from last year.
Av days on market for houses in Forest Hill is 43, up 26.5% from last year.
Av days on market for units in Forest Hill is 30, down 50.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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