Your March 2025 Local Market Update – Forest Hills, MI
Forest Hills Real Estate Market
The Forest Hills School District remains one of the most sought-after areas in the Grand Rapids housing market. While not a town or city, Forest Hills spans nearly 68 square miles across Ada and Cascade Townships, as well as portions of Kentwood and Grand Rapids Township. It includes Forest Hills Eastern, Northern, and Central—three highly regarded school zones that continue to attract buyers seeking a top-tier community.
- New Listings: ↓ 8.8%
- Pending Sales: ↓ 5.5%
- Sold Homes: ↓ 8.3%
- Median Sold Price: $586,250 – ↑ 5.7% year-over-year
- % of List Price Received: 100.5% (homes are selling at or near asking price)
- Days on Market: 24 days – ↑ 14.3%
- Months’ Supply of Inventory: 1.4 months – ↑ 7.7%
What This Means for Buyers and Sellers
The Grand Rapids real estate market remains highly competitive, with strong demand continuing to push prices up by nearly 6%. Inventory remains tight, sustaining a seller’s market, where buyers must act quickly. Sellers can still expect favorable conditions when pricing their homes correctly.
Forest Hills remains a top choice for buyers, offering top-rated schools, safe neighborhoods, beautiful parks, and easy access to Grand Rapids. The area's high quality of life and strong community make it an excellent place to call home.
Exciting news—Grand Rapids has been named one of the Top 10 Housing Markets for 2025 by the National Association of Realtors! Economic growth, job opportunities, and a strong local economy continue to drive demand. Key factors shaping the market ahead include:
Job Growth: Expanding industries in healthcare, manufacturing, and tech are attracting new residents.
Mortgage Rates: Expected to stay above 6%, but moderate to around 6.25% by year-end.
Affordability & Inventory: Home prices will likely continue to rise but more in line with income growth. Even small dips in mortgage rates could lead to increased buyer activity.
While the market remains strong, interest rates, inflation, and inventory shifts will
play key roles in shaping opportunities for both buyers and sellers this year.
Thinking About Buying or Selling?
Now is the time to strategize! Whether you're considering buying, selling, or just want to discuss the latest market trends, let’s connect. Having the right insights and expert guidance is essential in today’s evolving market.
Warm regards,
Pamela Foster, REALTOR®
Berkshire Hathaway HomeServices Michigan Real Estate