A maintenance-free community of 1990s–2000s villas and small homes in Hernando — its own deed-restricted association with a pool and clubhouse, adjacent to but not part of the Villages of Citrus Hills
Prepared October 1, 2026 · Resale single-family homes
BALANCED MARKET
6.0 months of homes for sale — balanced, with room to negotiate on the right home.
$221,250 · $180/sq ft
What a typical existing home costs today
95%
Of original ask is what sellers got — the typical home sold $12,450 under its first price
At its high
Resale value per sq ft back at its high — strong, proven value
The Bottom Line
Forest Ridge has firmed from a buyer’s market in August to balanced, with about 6.0 months of inventory — just 2 homes for sale. Recent buyers paid a median of 95% of original ask, and overpriced listings are still leverage — since 2021, homes that started too high sat a median of 120 days and still sold about $21,950 under their first price. On value per square foot, resale value is back at its high — up about 26% since 2021. We’ll judge every home on price per square foot before we write.
Prepared October 1, 2026 Single-family homes 41 listings analyzed · 2021–2026
BALANCED MARKET
With about 6.0 months of homes for sale, Forest Ridge is balanced — only 2 homes are for sale, and neither has cut its price yet. Recent buyers paid a median of 95% of original ask, and value per square foot is back at its high. Choice is thin, so be ready when the right home appears.
$221,250.00
Median resale price last 12 months
$180.33
Resale price paid per living sq ft (12 mo.)
42 days
Median time on market before going under contract
95%
Of original asking price — what sellers actually got
$12,450.00
Median drop from first asking price to sold price
2 / 0 / 4
For sale now / under contract / resales sold in 12 months
What’s Really Happening Here
Forest Ridge is a maintenance-free, deed-restricted community of 1990s and 2000s villas and small homes with a pool and clubhouse — adjacent to, but separate from, the Villages of Citrus Hills, governed by its own association that covers exterior upkeep. The typical existing home sold near $221,250.00 over the past year — on just 4 resales — and with about 6.0 months of supply the market is balanced: 2 homes are for sale, none are under contract, and neither has cut price yet.
New construction is minimal here (about 3% of sales), so this is essentially an all-resale market — what matters is how far values have moved and where the overpriced listings sit.
What This Means for Your Offer
Asking price is a starting point, not a verdict. Recent buyers paid a median of 95% of the original ask, and the typical home sold about $12,450.00 under its first number.
The overpriced listings are your leverage. Since 2021, homes that started too high and cut their price sat a median of 120 days and still sold about $21,950.00 under their first ask. A home that’s been sitting is a negotiation waiting to happen.
Judge value in price per square foot. Where a home lands against the $180 resale median tells us what it’s really worth before we write.
Forest Ridge · The Numbers Behind the Story · Resale Homes
Resale Value Per Square Foot, by the Year — What the Market Actually Did
Median resale value per square foot by calendar year (2026 is year-to-date through September — just 3 resales, a thin sample). We chart per-foot value, not median price — because median price swings on which sizes sell, while price-per-foot shows the real trend, and where your negotiating room sits.
Resale Values, by the Year
Year
Sold
Median Price
$/SqFt
DOM
At/over ask
2021
9
175,000.00
$132.89
7
33%
2022
7
219,900.00
$166.34
11
43%
2023
3
230,000.00
$180.00
13
33%
2024
5
210,000.00
$168.00
99
0%
2025
4
205,000.00
$163.75
36
0%
2026 YTD
3
217,500.00
$180.00
50
0%
Resale homes only; full calendar years with 2026 as year-to-date through September. Every year here is a thin sample — read the trend, not any single year.
The Peak Test: on resale value per square foot, Forest Ridge is at its high. You are buying proven, holding value.
The Number Nobody Shows You
1 in 2.5
resale listings in the current cycle left the market unsold (2 of 5 — expired, withdrawn, or canceled)
196 days
how long those failed listings sat before the seller gave up — usually overpriced
Two ways that helps you. First, a seller whose home has sat for months is a negotiation waiting to happen. Second, those expired and withdrawn homes are inventory the portals no longer show — the owners still want to sell, and we can approach them directly for you.
Long-run perspective: resale value per square foot is up about 26% since 2021. You’re buying into a proven community with the negotiating room this market gives you.