Is Kew Gardens Hills, 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, Kew Gardens Hills was a Neutral Market.
Key Takeaway
Kew Gardens Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kew Gardens Hills, NY
How much do homes in Kew Gardens Hills, NY cost?
Median Sold Price
$415,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kew Gardens Hills have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Kew Gardens Hills was $415,000 in April 2024, up 10.7% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $278K | +4.5% |
| 2 Bedrooms | $357.5K | $369.5K | +3.4% |
| 3 Bedrooms | $850K | $830K | -2.4% |
| 4 Bedrooms | $992.5K | $990K | -0.3% |
| 5+ Bedrooms | $1.3M | $1.3M | -2.7% |
Summary: Kew Gardens Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Kew Gardens Hills | $374.7K | $415K | +10.7% |
| Queensboro Hill | $929.4K | $972.5K | +4.6% |
| Forest Hills | $474.2K | $480K | +1.2% |
| Briarwood | $315K | $318.7K | +1.2% |
| Pomonok | $880K | $850K | -3.4% |
Housing Supply in Kew Gardens Hills, NY
How many homes are available in Kew Gardens Hills, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 246 | 271 | +10.2% |
Summary: The Kew Gardens Hills real estate market had 271 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 88 | 103 | +17.0% |
| 2 Bedrooms | 79 | 86 | +8.9% |
| 3 Bedrooms | 40 | 43 | +7.5% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 29 | 28 | -3.4% |
Summary: The Kew Gardens Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kew Gardens Hills, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kew Gardens Hills in April 2024, down by 44.4% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Kew Gardens Hills, NY
How long does it take to sell a home in Kew Gardens Hills, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 102 Days | 118 Days | +15.5% |
Summary: Homes in Kew Gardens Hills had an average of 118 days on market in Apr 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kew Gardens Hills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 10 homes were sold in Kew Gardens Hills; 10% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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