Is Jackson Heights, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jackson Heights is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, Jackson Heights has remained a Buyer's Market.

Key Takeaway

Jackson Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$20,000(-4.3%)

Key Takeaway

Homes in Jackson Heights have sold for 4.3% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $349K$302.5K
-13.3%
2 $435K$443.5K
+2.0%
3 $886.5K$860K
-3.0%
4 $1.0M$1.0M
-1.3%
5+ $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
-1.7%
Jackson Heights
-4.3%

Housing Supply in Jackson Heights, NY

How many homes are available in Jackson Heights, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
337363+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

# BEDSFeb 2024Mar 2024CHANGE
1 152158
+3.9%
2 8499
+17.9%
3 3637
+2.8%
4 2525
0.0%
5+ 4044
+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 2024Mar 2024CHANGE
2025+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jackson Heights, you may be able to get a good deal. 68% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
112 Days97 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Jackson Heights are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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