The Forest Hill Terrace housing market is most competitive. The median sale price of a home in Forest Hill Terrace was $173K last month, down 35.5% since last year.
What is the housing market like in Forest Hill Terrace today?
In March 2024, Forest Hill Terrace home prices were down 35.5% compared to last year, selling for a median price of $173K.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$172,500
-35.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Forest Hill Terrace, VA
$172,500
-35.5%
United States
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How hot is the Forest Hill Terrace housing market?
Forest Hill Terrace is most competitive. Homes sell in 8 days.
0
100
98
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 8% above list price and go pending in around 8 days.
Hot homes
can sell for about 17% above list price and go pending in around 4 days.
Learn about schools in the Forest Hill Terrace area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Forest Hill Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Forest Hill Terrace.
Risk Factor
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Forest Hill Terrace has a moderate risk of flooding. 51 properties in Forest Hill Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Forest Hill Terrace. Flood risk is increasing slower than the national average.
27% of properties are at risk of wildfire over the next 30 years
Fire Factor
Forest Hill Terrace has a minor risk of wildfire. There are 117 properties in Forest Hill Terrace that have some risk of being affected by wildfire over the next 30 years. This represents 27% of all properties in Forest Hill Terrace.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Forest Hill Terrace has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Forest Hill Terrace is most at risk from hurricanes. 430 properties in Forest Hill Terrace have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 74 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 90 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Forest Hill Terrace has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Forest Hill Terrace have a Severe Heat Factor®.
Forest Hill Terrace is expected to see a 142% increase in the number of days over 105ºF over the next 30 years. Forest Hill Terrace is expected to experience 8