Is Northeastern Queens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northeastern Queens has remained a Buyer's Market.
Key Takeaway
Northeastern Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeastern Queens, NY
How much do homes in Northeastern Queens, NY cost?
Median Sold Price
$718,041
$536/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northeastern Queens have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Northeastern Queens was $718,041 in April 2024, down 2.6% from last year, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280.1K | $280K | -0.1% |
| 2 Bedrooms | $380K | $389.2K | +2.4% |
| 3 Bedrooms | $894.4K | $876.5K | -2.0% |
| 4 Bedrooms | $1.0M | $998K | -2.4% |
| 5+ Bedrooms | $1.3M | $1.3M | -1.0% |
Summary: Northeastern Queens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Auburndale | $910K | $900K | -1.1% |
| Northeastern Queens | $737.4K | $718K | -2.6% |
| Whitestone | $945K | $915K | -3.2% |
| Bay Terrace | $590K | $562.5K | -4.7% |
| Beechhurst | $790K | $478K | -39.5% |
Housing Supply in Northeastern Queens, NY
How many homes are available in Northeastern Queens, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,220 | 2,423 | +9.1% |
Summary: The Northeastern Queens real estate market had 2,423 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 556 | 591 | +6.3% |
| 2 Bedrooms | 655 | 699 | +6.7% |
| 3 Bedrooms | 444 | 492 | +10.8% |
| 4 Bedrooms | 252 | 286 | +13.5% |
| 5+ Bedrooms | 313 | 355 | +13.4% |
Summary: The Northeastern Queens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 226 | 185 | -18.1% |
Asking Price vs. Sold Price
141 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeastern Queens, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.
Summary: A total of 185 homes were sold or pending in Northeastern Queens in April 2024, down by 18.1% month-over-month. Of the 185 sold homes, 76% were sold under asking, 12% were sold at asking, and 11% were sold over asking.
Days on Market for Northeastern Queens, NY
How long does it take to sell a home in Northeastern Queens, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 103 Days | 96 Days | -6.3% |
Summary: Homes in Northeastern Queens had an average of 96 days on market in Apr 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
79 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Northeastern Queens are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 185 homes were sold in Northeastern Queens; 24% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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