Is Queens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Queens has remained a Buyer's Market.
How much do homes in Queens, NY cost?
Median Sold Price
$701,156
$510/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $300.6K | $309K | +2.8% |
2 Bedrooms | $462.3K | $445K | -3.7% |
3 Bedrooms | $730.7K | $767.8K | +5.1% |
4 Bedrooms | $858.8K | $929.3K | +8.2% |
5+ Bedrooms | $999.7K | $1.1M | +15.0% |
Median Sold Price Compared To Nearby Cities
Valley Stream | $570.2K | $623.7K | +9.4% |
Bellerose | $655K | $690K | +5.3% |
Queens | $679.5K | $701.1K | +3.2% |
New York | $827.1K | $850.4K | +2.8% |
How many homes are available in Queens, NY?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
8,375 | 8,342 | -0.4% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 1,743 | 1,740 | -0.2% |
2 Bedrooms | 1,864 | 1,866 | 0.1% |
3 Bedrooms | 1,905 | 1,912 | 0.4% |
4 Bedrooms | 1,120 | 1,085 | -3.1% |
5+ Bedrooms | 1,743 | 1,739 | -0.2% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
671 | 587 | -12.5% |
Asking Price vs. Sold Price
437 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
82 Days | 87 Days | +6.2% |
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
223 Homes Were Sold
In 30 - 90 Days
207 Homes Were Sold
Over 90 Days