Forest Hill Home Values

The list-to-sale gap in Forest Hill narrowed again this quarter, with sellers collecting close to full asking price even as concession activity stayed elevated. Price per square foot held near $166, modestly above the $163 mark set over the trailing year but still roughly ten percent below Tarrant County's benchmark, based on MLS data for September 2026 closings in Forest Hill. Concessions touched roughly seven in ten transactions, down slightly from last quarter's elevated share, while average assistance ticked back up to about $7,000. Just over a third of closings landed below list, a share little changed from the trailing annual pace. With only 32 sales closing this quarter, these figures read as directional rather than definitive.

Months of supply in Forest Hill dropped to just under four this quarter, the first read below that threshold in recent memory and a signal that buyers' negotiating room may be narrowing as the market absorbs listings faster than before. Active inventory held steady at 41 while pending contracts stayed at zero for a second straight quarter, and new listings arrived at a pace similar to the trailing year. Set against Tarrant County's five-month supply, Forest Hill's tighter pipeline suggests the leverage buyers have enjoyed in recent quarters is beginning to erode.

For the fourth consecutive month, the dollar size of seller concessions in Forest Hill kept shrinking, even as the share of sales carrying some assistance reached its highest level in the timeline tracked here. Price per square foot held near $171 this quarter, in line with the $163 mark set over the trailing year, based on MLS data for August 2026 closings in Forest Hill. Sellers still closed near full asking price, but concessions appeared in roughly three in four sales — up from about seven in ten last quarter — while the typical assistance size fell to about $6,700 from over $9,000. No sales closed above asking, and more than a third closed below list.

Active listings in Forest Hill held at 48 for a second straight quarter, while pending contracts stayed at zero — extending the collapse first recorded last quarter and offering no early signal of rebuilding momentum. New listings arrived at a pace similar to the past year, keeping months of supply little changed at nearly six, above Tarrant County's roughly five-month pace. With no contracts advancing toward closing, the near-term pipeline shows no indication that demand is catching up to what's on the market.

Homes in Forest Hill closed in a median of just 20 days this quarter, less than half the 47-day pace recorded across the trailing year — the sharpest velocity shift in recent months. Based on MLS data for 2026-07 closings in Forest Hill, price per square foot climbed to roughly $173, nearly seven percent above the trailing annual figure, though still below the Tarrant County benchmark. Concessions remained common, appearing in close to seven in ten transactions and averaging over $9,000, while no sales closed above list and about a third closed below asking. Sellers still received close to full asking price at closing, continuing the pattern of thin but present buyer leverage seen in recent months.

Pending contracts in Forest Hill fell to zero this quarter, a sharp reversal from the dozen or so tracked in the prior period and a signal that the recent velocity gains have not yet translated into a fuller contract pipeline. Active inventory held nearly steady at 43 listings, and new listings continued arriving at a similar quarterly pace, keeping months of supply just above five — modestly higher than Tarrant County's pace. With the pipeline showing no forward momentum despite faster closings, the outlook for near-term contract activity remains uncertain.