Is Maspeth, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Maspeth was a Seller's Market.
Housing Prices in Maspeth, NY
How much do homes in Maspeth, NY cost?
Median Sold Price
$868,500
$504/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Maspeth was $868,500 in February 2024, down 3.3% from last year, and the median price per square foot was $504.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $311K | +7.2% |
2 Bedrooms | $670K | $612.5K | -8.6% |
3 Bedrooms | $882.5K | $849K | -3.8% |
4 Bedrooms | $984K | $996K | +1.2% |
5+ Bedrooms | $1.2M | $1.2M | -0.2% |
Summary: Maspeth housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
Sunnyside | $610K | $727K | +19.2% |
Woodside | $430K | $432.5K | +0.6% |
Maspeth | $898K | $868.5K | -3.3% |
Northwestern Queens | $733.1K | $704.1K | -4.0% |
Housing Supply in Maspeth, NY
How many homes are available in Maspeth, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
129 | 142 | +10.1% |
Summary: The Maspeth real estate market had 142 homes for sale in February 2024, a 10.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 25 | +13.6% |
2 Bedrooms | 28 | 30 | +7.1% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Maspeth housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Maspeth in February 2024, up by 100.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Maspeth, NY
How long does it take to sell a home in Maspeth, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
81 Days | 167 Days | +105.0% |
Summary: Homes in Maspeth had an average of 167 days on market in Feb 2024, up by 105% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Maspeth; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.