4-week rolling average · Data through March 12, 2026 · ZIP 11375
Forest Hills, Queens (11375) shows a striking gap between the median list price of $399,999 and the median sale price of $1,299,000, indicating that lower priced listings are pulling the list median down while closings are occurring at far higher values. With 558 active listings, a competition score of 69, and a median of 35 days on market, this is a warm and engaged market where well positioned homes are attracting serious buyers.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $329K | $3K/mo |
| 2BR | $485K | $4K/mo |
| 3BR | $1.15M | $5K/mo |
| 4BR | $1.70M | $7K/mo |
| 5BR | $1.55M | — |
| 6BR | $2.90M | — |
| 7BR | $1.25M | — |
The median sale price of $1,299,000 confirms that buyers are transacting at premium levels in Forest Hills, giving sellers strong leverage when homes are priced and presented strategically. At 35 median days on market, sellers can expect a moderate and reasonably active timeline from listing to closing.
Buyers in zip code 11375 should understand that homes are closing at a median of $1,299,000 despite a median list price of $399,999, meaning the true cost of entry is significantly higher than initial listings may suggest. With 558 active listings available and a 30 year mortgage rate of 6.37%, buyers have inventory to explore but should secure financing before engaging seriously.
The median rent of $3,300 across 233 rental listings provides a solid income baseline, with larger units commanding meaningfully more at $5,299 for 3 bedroom and $6,819 for 4 bedroom rentals. At $792.86 per square foot in a dense Queens neighborhood, Forest Hills supports a case for long term value retention alongside consistent rental income generation.
The current 30 year mortgage rate of 6.37% and 15 year rate of 5.72% carry considerable weight when applied to a median sale price of $1,299,000, significantly affecting monthly carrying costs for buyers at this price point. Buyers who can qualify for the 15 year term will benefit from the lower rate, though the higher monthly payments require careful and thorough financial planning.
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Market intelligence by FarmPosts