Forest Hill Home Values

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.

Buyers in Forest Hill extracted notable concessions from sellers in the latest quarter, even as homes moved quickly to closing. Based on MLS data for 2026-06 closings in Forest Hill, the median price per square foot landed near $171 — about five percent above the trailing annual figure but still roughly eight percent below the Tarrant County benchmark. With two-thirds of transactions carrying seller assistance averaging close to $10,000, and no closings above list, sellers are operating with limited pricing leverage. About three in ten sales closed below the asking price, while the annual picture shows nearly half fell short of list — a sustained pattern that reinforces buyer negotiating strength in this market.

Active listings in Forest Hill grew to 46 over the quarter while pending contracts held near a dozen — a ratio that signals demand is not keeping pace with supply. New listing activity added roughly 39 homes to the supply stack, outpacing the pending pipeline by a wide margin. Months of supply edged above five, higher than Tarrant County's pace, suggesting Forest Hill is absorbing inventory more slowly than the county. The widening gap between active and pending contracts points toward conditions that favor buyer negotiating room heading into summer.

The dramatic compression in days-on-market — homes are closing in roughly half the time compared to the trailing annual average — is the headline story in Forest Hill's recent closed sales. Based on MLS data for 2026-05 closings in Forest Hill, the median price per square foot reached approximately $170, outpacing the full-year figure by about five percent. Sellers conceded at the negotiating table more frequently than the annual trend, with nearly two-thirds of transactions involving seller assistance and average concessions approaching $11,000 — though the limited sample suggests directional rather than definitive conclusions. The list-to-sale ratio improved meaningfully, with sellers receiving close to full ask.

The pending-to-active ratio in Forest Hill points to a tighter pipeline than the broader Tarrant County market: with 12 pending contracts against 40 active listings, absorption is running well below the county's pace. New listing activity added roughly 34 homes to the supply stack over the quarter, keeping months of supply above five — directionally softer than the county benchmark. The limited transaction volume means these pipeline readings carry uncertainty, but the gap between new listings and pending contracts signals that demand has not yet absorbed the available supply.