in Forest Hills, TN • 2026 Buying Guide
Best Month
February
$1.29M
Avoid
January
$1.69M
Potential Savings
$398K
23.6% difference
Market Type
Balanced
4.8 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$2.50M
-14.7% YoY
Days on Market
45
median days
Inventory
24
active listings
Sale-to-List Ratio
92.1%
room to negotiate
Jan
$1.69M
PeakFeb
$1.29M
BestMar
$1.23M
Apr
$1.54M
May
$1.36M
Jun
$1.49M
Jul
$1.41M
Aug
$1.28M
Sep
$1.29M
Oct
$1.45M
Nov
$1.58M
Dec
$1.41M
Based on historical sales data in Forest Hills
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Forest Hills's median price at $2.50M, a 20% down payment would be approximately $500K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Forest Hills's housing market, February is typically the best time to buy a condo. During this month, prices average around $1.29M, which is 23.6% lower than peak prices in January. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Forest Hills is $2.50M. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed -14.7%. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Forest Hills has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Forest Hills include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Forest Hills currently spend an average of 45 days on market. This is typical for a balanced market with reasonable time to make decisions.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Forest Hills's median price of $2.50M, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Forest Hills? Our analysis shows that February typically offers the best prices, with homes averaging around $1.29M. Buying during this time could save you up to $398K compared to peak months like January.
With a median price of $2.50M and homes spending an average of 45 days on market, Forest Hills is currently a balanced market. There's currently 4.8 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Forest Hills can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.