Is East Elmhurst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Elmhurst was a Seller's Market.
Housing Prices in East Elmhurst, NY
How much do homes in East Elmhurst, NY cost?
Median Sold Price
$952,500
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Elmhurst was $952,500 in April 2024, up 5.8% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $350K | $870K | +148.6% |
3 Bedrooms | $840K | $847.5K | +0.9% |
4 Bedrooms | $885K | $1.0M | +22.3% |
5+ Bedrooms | $1.3M | $1.2M | -8.6% |
Summary: East Elmhurst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 148.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
East Elmhurst | $900K | $952.5K | +5.8% |
Northwestern Queens | $724.2K | $720.1K | -0.6% |
Housing Supply in East Elmhurst, NY
How many homes are available in East Elmhurst, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The East Elmhurst real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The East Elmhurst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in East Elmhurst in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Elmhurst, NY
How long does it take to sell a home in East Elmhurst, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 57 Days | -11.6% |
Summary: Homes in East Elmhurst had an average of 57 days on market in Apr 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in East Elmhurst; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.