Is Kew Gardens, 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, Kew Gardens has remained a Buyer's Market.
Key Takeaway
Kew Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kew Gardens, NY
How much do homes in Kew Gardens, NY cost?
Median Sold Price
$320,750
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kew Gardens have sold for 1% less than they did a year ago.
Summary: The median home sold price in Kew Gardens was $320,750 in March 2024, down 1% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $241.5K | +2.8% |
| 2 Bedrooms | $365K | $377.5K | +3.4% |
| 3 Bedrooms | $614K | $772K | +25.7% |
| 4 Bedrooms | $1.2M | $1.3M | +11.0% |
| 5+ Bedrooms | $1.3M | $1.4M | +7.4% |
Summary: Kew Gardens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Kew Gardens Hills | $374.6K | $425K | +13.4% |
| Forest Hills | $473.5K | $482K | +1.8% |
| Kew Gardens | $324K | $320.7K | -1.0% |
Housing Supply in Kew Gardens, NY
How many homes are available in Kew Gardens, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 102 | +12.1% |
Summary: The Kew Gardens real estate market had 102 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 48 | 51 | +6.3% |
| 2 Bedrooms | 29 | 33 | +13.8% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Kew Gardens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kew Gardens, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kew Gardens in March 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Kew Gardens, NY
How long does it take to sell a home in Kew Gardens, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 67 Days | -8.2% |
Summary: Homes in Kew Gardens had an average of 67 days on market in Mar 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kew Gardens has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Kew Gardens; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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