Is Queens, NY a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Queens is a buyer's market


Difference Since April 2023

Since last year, Queens has remained a Buyer's Market.

Key Takeaway

Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Queens, NY

How much do homes in Queens, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since April 2023


Key Takeaway

Homes in Queens have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Queens was $689,984 in April 2024, down 0.5% from last year, and the median price per square foot was $500.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $310.3K$300.4K
2 $439K$449.7K
3 $765.2K$761K
4 $909.4K$892.6K
5+ $1.1M$1.1M

Summary: Queens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

Valley Stream
New York

Housing Supply in Queens, NY

How many homes are available in Queens, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE

Summary: The Queens real estate market had 7,586 homes for sale in April 2024, a 9.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1,5551,661
2 1,5821,705
3 1,4781,649
4 887957
5+ 1,4221,614

Summary: The Queens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 13.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE

Asking Price vs. Sold Price

407 Homes Were Sold
Under Asking

90 Homes Were Sold
At Asking

89 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queens, you may be able to get a good deal. 69.5% of homes here sold below asking price last month.

Summary: A total of 586 homes were sold or pending in Queens in April 2024, down by 0.5% month-over-month. Of the 586 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for Queens, NY

How long does it take to sell a home in Queens, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
97 Days93 Days-3.9%

Summary: Homes in Queens had an average of 93 days on market in Apr 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

132 Homes Were Sold
Under 30 Days

205 Homes Were Sold
In 30 - 90 Days

208 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Queens are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 586 homes were sold in Queens; 23% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Queens, NY

Nearby Markets to Queens, NY

What housing markets are near Queens, NY?