Is Southeastern Queens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southeastern Queens was a Neutral Market.
Key Takeaway
Southeastern Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeastern Queens, NY
How much do homes in Southeastern Queens, NY cost?
Median Sold Price
$669,999
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southeastern Queens have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Southeastern Queens was $669,999 in May 2024, up 3.1% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $220K | 0.0% |
| 2 Bedrooms | $385.5K | $360K | -6.6% |
| 3 Bedrooms | $644.5K | $650K | +0.8% |
| 4 Bedrooms | $725K | $735K | +1.4% |
| 5+ Bedrooms | $937.5K | $960.2K | +2.4% |
Summary: Southeastern Queens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Queens | $649.5K | $669.9K | +3.1% |
| South Jamaica | $645.8K | $660K | +2.2% |
| Springfield Gardens | $760K | $760K | 0.0% |
| Rochdale | $695K | $679K | -2.3% |
Housing Supply in Southeastern Queens, NY
How many homes are available in Southeastern Queens, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,441 | 1,566 | +8.7% |
Summary: The Southeastern Queens real estate market had 1,566 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 152 | 164 | +7.9% |
| 2 Bedrooms | 218 | 235 | +7.8% |
| 3 Bedrooms | 436 | 472 | +8.3% |
| 4 Bedrooms | 300 | 322 | +7.3% |
| 5+ Bedrooms | 335 | 373 | +11.3% |
Summary: The Southeastern Queens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 135 | 115 | -14.8% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeastern Queens, you may be able to get a good deal. 62.6% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Southeastern Queens in May 2024, down by 14.8% month-over-month. Of the 115 sold homes, 63% were sold under asking, 13% were sold at asking, and 24% were sold over asking.
Days on Market for Southeastern Queens, NY
How long does it take to sell a home in Southeastern Queens, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 94 Days | 91 Days | -3.3% |
Summary: Homes in Southeastern Queens had an average of 91 days on market in May 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southeastern Queens has remained consistent over time.
Summary: During May 2024, 115 homes were sold in Southeastern Queens; 30% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
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