Is Northwestern Queens, 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, Northwestern Queens has remained a Buyer's Market.
Housing Prices in Northwestern Queens, NY
How much do homes in Northwestern Queens, NY cost?
Median Sold Price
$708,903
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northwestern Queens was $708,903 in March 2024, down 1.7% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | $348.7K | -0.1% |
2 Bedrooms | $518.2K | $525.5K | +1.4% |
3 Bedrooms | $873.5K | $873K | -0.1% |
4 Bedrooms | $1.0M | $1.0M | +4.4% |
5+ Bedrooms | $1.2M | $1.2M | -1.4% |
Summary: Northwestern Queens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Neighborhoods
Woodside | $430.1K | $445K | +3.5% |
Northwestern Queens | $721.3K | $708.9K | -1.7% |
Jackson Heights | $460K | $440K | -4.3% |
Maspeth | $900K | $852.5K | -5.3% |
Housing Supply in Northwestern Queens, NY
How many homes are available in Northwestern Queens, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,305 | 2,522 | +9.4% |
Summary: The Northwestern Queens real estate market had 2,522 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 763 | 828 | +8.5% |
2 Bedrooms | 577 | 632 | +9.5% |
3 Bedrooms | 322 | 357 | +10.9% |
4 Bedrooms | 175 | 189 | +8.0% |
5+ Bedrooms | 468 | 516 | +10.3% |
Summary: The Northwestern Queens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
172 | 177 | +2.9% |
Asking Price vs. Sold Price
131 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 177 homes were sold or pending in Northwestern Queens in March 2024, up by 2.9% month-over-month. Of the 177 sold homes, 74% were sold under asking, 14% were sold at asking, and 12% were sold over asking.
Days on Market for Northwestern Queens, NY
How long does it take to sell a home in Northwestern Queens, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
113 Days | 116 Days | +2.3% |
Summary: Homes in Northwestern Queens had an average of 116 days on market in Mar 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
71 Homes Were Sold
Over 90 Days
Summary: During March 2024, 177 homes were sold in Northwestern Queens; 15% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.