Forest Hills Real Estate Market: Home Prices and Trends

Only 13 home sales were recorded in the Forest Hills Neighborhood Association area from October 2025 to September 2026, with a median sale price of $662,000, against $229,000 for Marion County (public sales records via STATS Indiana). With so few sales, the median says little on its own, so we also show ZIP Code 46220 as a whole, where the median home went under contract in 33 days in October 2026 (Indiana REALTORS Housing Hub). What that means for a seller depends on their price range and their home's condition.

What we analyzed: home sales recorded in public records for the Forest Hills Neighborhood Association area and Marion County, October 2025 to September 2026, plus Indiana REALTORS Housing Hub figures for ZIP Code 46220 as a whole, October 2026 and the three weeks ending with the week of Oct. 26, 2026, as published.

How many Forest Hills homes sell in a year?

Few. From October 2025 to September 2026, 13 home sales were recorded in the Forest Hills Neighborhood Association area, and the median sale price was $662,000. The middle half of sales ran from $600,000 to $837,500.

Marion County recorded 14,106 home sales over the same 12 months, with a median of $229,000. These figures are recorded home sales from public records, which include homes sold without a listing.

With 13 sales, one or two sales can move the median, and the three months from July to September 2026 recorded only 2. By quarter, the counts were 2 sales from October to December 2025, 2 from January to March 2026, 7 from April to June 2026 and 2 from July to September 2026. We do not report quarterly medians for numbers this small.

What price ranges do Forest Hills homes sell in?

Mostly the top of the range. Of the 13 sales in the 12 months to September 2026, 11 (85%) were $600,000 and up and 2 (15%) were from $400,000 to $599,999. None were under $400,000.

The map below shows Housing Hub medians for ZIP Codes, not the neighborhood's own figures: ZIP Code 46220 as a whole was $355,000 from August to October 2026, which is a different group of homes from the neighborhood's recorded sales.

How fast are homes going under contract around Forest Hills?

Public records do not show days on market, so this answer uses ZIP Code 46220 as a whole. In October 2026 the median home in the ZIP went under contract in 33 days, against 35 days for Marion County. For the ZIP, that was up 154% from a year earlier as published.

In the same month, 61 new listings came on the market in the ZIP and 47 new pending contracts were recorded, as published. Over the three months from August to October 2026, 153 homes closed in the ZIP.

Are homes near Forest Hills selling close to list price?

In ZIP Code 46220 as a whole, homes sold for 97.0% of their original list price in the three weeks to the week of Oct. 26, 2026, against 94.2% for Marion County. In the same three weeks, 61.7% of the ZIP's listings had a price decrease, against 60.5% across the county.

By the Housing Hub's original-list-price measure, a ZIP at or above 98 percent is a seller's market, 96 to under 98 percent is balanced, and under 96 percent is a buyer's market. That puts ZIP Code 46220 as a whole in the balanced range, and a single price range can differ. Homes sold for 96.1% of the asking price at sale from August to October 2026.

Is there more for sale around Forest Hills than a year ago?

In ZIP Code 46220 as a whole, an average of 120 homes were for sale in October 2026, up 24% from a year earlier as published. Months of inventory was 2.3, against 3.7 months for Marion County.

These are ZIP Code figures. The Broad Ripple guide covers the same ZIP Code with that neighborhood's own recorded sales.

Where we stand on Forest Hills price forecasts

Our view at Mark Dietel Realty: We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing.

Your options for selling a Forest Hills home

There is more than one way to sell a Forest Hills home. We will lay them side by side with your numbers so you can choose.

List on the market

Usually the highest price, if you have time to prepare and show the home.

• A local agent walks through your home
• Recent sales at your price, side by side
• A pricing and preparation plan for your first weeks on the market

Guaranteed sale

For sellers who need to know the home will sell before they make their next move. Conditions apply.

• We agree on the price up front
• Plan your move around a known outcome

Cash offer

Speed and certainty. Sell as-is, on your timeline.

• No repairs or showings
• See how a cash price compares with listing

A cash offer trades price for speed and certainty. If your home is in good shape and you have time, a cash offer usually means taking less. It can make sense when repairs, timing or certainty matter more than price.

Who this may not be right for

You may not need a listing agent if you already have a buyer, you are comfortable pricing from public sold data, and you are ready to handle disclosures, showings, negotiation and closing paperwork yourself, or with a real estate attorney. Many people sell that way. If that is you, we will tell you so.

We are a team: you work with a listing agent backed by inside sales, coordinators and a transaction coordinator. Some sellers want one person for every call, start to finish. If that matters more to you than a team system, a solo agent may fit you better.

Questions Forest Hills sellers ask us

How long does it take to sell a house in Forest Hills?

In October 2026 the median home in ZIP Code 46220 as a whole went under contract in 33 days (Indiana REALTORS Housing Hub). Closing usually follows the contract by several weeks, depending on the buyer's financing.

Should I wait to sell my Forest Hills home?

We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing. The better question is what your plan looks like at today's numbers.

Where do these Forest Hills figures come from?

The sale prices are recorded home sales from public records for the Forest Hills Neighborhood Association area, which include homes sold without a listing. Days on market and price cuts are not in those records, so we use ZIP Code 46220 figures for them and label them that way. Only 13 sales were recorded from October 2025 to September 2026, so read the neighborhood median with care.

How do Forest Hills prices compare with Marion County?

From October 2025 to September 2026 the median recorded sale price in the Forest Hills Neighborhood Association area was $662,000 on 13 sales, compared with $229,000 for Marion County, both from public records.

More for Forest Hills sellers

• Sell your house in Indianapolis, including Forest Hills, with Mark Dietel Realty
• Broad Ripple real estate market: home prices and trends
• Get cash and listing offers on your Forest Hills home
• All the ways we help sellers in Central Indiana

Sources: Indiana Department of Local Government Finance sales disclosure data via STATS Indiana (stats.indiana.edu), home sales recorded in Marion County through September 2026; neighborhood boundary from the City of Indianapolis (IndyGIS); addresses located with the U.S. Census Bureau geocoder. ZIP Code 46220 figures as published by the Indiana REALTORS Housing Hub (data.indianarealtors.com): median days on market, months of inventory and inventory October 2026; price decreases and sale price as a share of original list price, three-week average to the week of Oct. 26, 2026. ZIP areas: U.S. Census Bureau. Maps: OpenStreetMap contributors. Recorded sales include homes sold without a listing.

This page is general information about the Forest Hills market, not an appraisal or a valuation of any specific home.