Is College Point, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, College Point has remained a Buyer's Market.
Housing Prices in College Point, NY
How much do homes in College Point, NY cost?
Median Sold Price
$885,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in College Point was $885,000 in March 2024, down 3.8% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225.5K | $684.7K | +203.7% |
2 Bedrooms | $695K | $623.5K | -10.3% |
3 Bedrooms | $820K | $760K | -7.3% |
4 Bedrooms | $947K | $890K | -6.0% |
5+ Bedrooms | $1.1M | $1.1M | +1.2% |
Summary: College Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 203.7%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
Flushing | $664K | $682K | +2.7% |
Northeastern Queens | $733.8K | $717.8K | -2.2% |
College Point | $920K | $885K | -3.8% |
Whitestone | $950K | $900K | -5.3% |
Housing Supply in College Point, NY
How many homes are available in College Point, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
128 | 137 | +7.0% |
Summary: The College Point real estate market had 137 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 49 | 46 | -6.1% |
Summary: The College Point housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in College Point in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for College Point, NY
How long does it take to sell a home in College Point, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 79 Days | -16.5% |
Summary: Homes in College Point had an average of 79 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in College Point; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.