Is Jackson Heights, 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, Jackson Heights has remained a Buyer's Market.
Housing Prices in Jackson Heights, NY
How much do homes in Jackson Heights, NY cost?
Median Sold Price
$440,000
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jackson Heights was $440,000 in March 2024, down 4.3% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | $302.5K | -13.3% |
2 Bedrooms | $435K | $443.5K | +2.0% |
3 Bedrooms | $886.5K | $860K | -3.0% |
4 Bedrooms | $1.0M | $1.0M | -1.3% |
5+ Bedrooms | $1.3M | $1.2M | -3.8% |
Summary: Jackson Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
Northwestern Queens | $721.3K | $708.9K | -1.7% |
Jackson Heights | $460K | $440K | -4.3% |
Housing Supply in Jackson Heights, NY
How many homes are available in Jackson Heights, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
337 | 363 | +7.7% |
Summary: The Jackson Heights real estate market had 363 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 152 | 158 | +3.9% |
2 Bedrooms | 84 | 99 | +17.9% |
3 Bedrooms | 36 | 37 | +2.8% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 40 | 44 | +10.0% |
Summary: The Jackson Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Jackson Heights in March 2024, up by 25.0% month-over-month. Of the 25 sold homes, 68% were sold under asking, 28% were sold at asking, and 4% were sold over asking.
Days on Market for Jackson Heights, NY
How long does it take to sell a home in Jackson Heights, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
112 Days | 97 Days | -12.8% |
Summary: Homes in Jackson Heights had an average of 97 days on market in Mar 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Jackson Heights; 8% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.