Is Flushing, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Flushing has remained a Buyer's Market.
Housing Prices in Flushing, NY
How much do homes in Flushing, NY cost?
Median Sold Price
$687,500
$644/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Flushing was $687,500 in April 2024, up 3.8% from last year, and the median price per square foot was $644.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $335K | -4.3% |
2 Bedrooms | $550K | $540K | -1.8% |
3 Bedrooms | $987K | $972.5K | -1.5% |
4 Bedrooms | $1.1M | $1.0M | -4.8% |
5+ Bedrooms | $1.4M | $1.3M | -2.5% |
Summary: Flushing housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Neighborhoods
Queensboro Hill | $929.4K | $972.5K | +4.6% |
Flushing | $662.3K | $687.5K | +3.8% |
Auburndale | $910K | $900K | -1.1% |
Northeastern Queens | $737.4K | $718K | -2.6% |
Whitestone | $945K | $915K | -3.2% |
Housing Supply in Flushing, NY
How many homes are available in Flushing, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
528 | 584 | +10.6% |
Summary: The Flushing real estate market had 584 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 157 | 165 | +5.1% |
2 Bedrooms | 202 | 223 | +10.4% |
3 Bedrooms | 67 | 84 | +25.4% |
4 Bedrooms | 39 | 36 | -7.7% |
5+ Bedrooms | 63 | 76 | +20.6% |
Summary: The Flushing housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 25.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 38 | -24.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Flushing in April 2024, down by 24.0% month-over-month. Of the 38 sold homes, 82% were sold under asking, 13% were sold at asking, and 5% were sold over asking.
Days on Market for Flushing, NY
How long does it take to sell a home in Flushing, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
111 Days | 106 Days | -4.5% |
Summary: Homes in Flushing had an average of 106 days on market in Apr 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Flushing; 21% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.