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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Queens is a buyer's market

Buyer's
Market

Difference Since December 2020

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.

How much do homes in Queens, NY cost?

Median Sold Price

$676,549

$473/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$51,209(+8.2%)

Key Takeaway

Homes in Queens have sold for 8.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $276.1K$281.8K
+2.1%
2 $420.2K$425.9K
+1.4%
3 $657.2K$730K
+11.1%
4 $769.8K$854.5K
+11.0%
5+ $952.2K$999K
+4.9%

Median Sold Price Compared To Nearby Cities

Queens
+8.2%
New York
+6.9%
Bellerose
+6.5%
South Richmond Hill
-2.2%

How many homes are available in Queens, NY?

Number of Homes For Sale

Nov 2021Dec 2021%
9,4549,432-0.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 1,8551,880
+1.3%
2 2,1412,149
0.4%
3 2,2312,157
-3.3%
4 1,2851,283
-0.2%
5+ 1,9421,963
+1.1%

Number of Homes Sold

Nov 2021Dec 2021%
831863+3.9%

Asking Price vs. Sold Price

627 Homes Were Sold
Under Asking

102 Homes Were Sold
At Asking

134 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. 72.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
83 Days81 Days-2.6%

Breakdown of Home Sale Times

250 Homes Were Sold
Under 30 Days

359 Homes Were Sold
In 30 - 90 Days

253 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Queens has remained consistent over time.

113-15 34th Ave Unit 3C, Corona, NY 11368

113-15 34th Ave Unit 3C, Corona, NY 11368

$175,000~$650/mo.*
2 Beds • 1 Bath
#3372370Listing Office:
O Kane RealtyMLS logo
117-14 Union Tpke Unit Db1, Kew Gardens, NY 11415

117-14 Union Tpke Unit Db1, Kew Gardens, NY 11415

$245,000~$900/mo.*
1 Bed • 1 Bath
#3372367Listing Office:
Re/Max EdgeMLS logo
85-27 94th St, Woodhaven, NY 11421

85-27 94th St, Woodhaven, NY 11421

$739,999~$2,800/mo.*
3 Beds • 3 Baths
#3372363Listing Office:
Fave Realty IncMLS logo
61-20 Linden St, Ridgewood, NY 11385

61-20 Linden St, Ridgewood, NY 11385

$1,050,000~$3,950/mo.*
5 Beds • 2 Baths3,492 SqFt
#3372352Listing Office:
Exp RealtyMLS logo
91-20 Corona Ave, Elmhurst, NY 11373

91-20 Corona Ave, Elmhurst, NY 11373

$1,695,000~$6,400/mo.*
6 Beds • 4 Baths3,960 SqFt
#3372345Listing Office:
East Coast Realtors IncMLS logo
249-38 148th Rd, Rosedale, NY 11422

249-38 148th Rd, Rosedale, NY 11422

$569,990~$2,150/mo.*
3 Beds • 3 Baths
#3372359Listing Office:
Re/Max Southshore RealtyMLS logo
41-02 Queens Blvd Unit 5F, Queens, NY 11104

41-02 Queens Blvd Unit 5F, Queens, NY 11104

$908,000~$3,400/mo.*
2 Beds • 2 Baths891 SqFt
#H6163519Listing Office:
Serhant LlcMLS logo
72-34 Austin St Unit B6, Forest Hills, NY 11375

72-34 Austin St Unit B6, Forest Hills, NY 11375

$539,000~$2,050/mo.*
1 Bed • 1 Bath
#3372334Listing Office:
Winzone Realty IncMLS logo
89-14 178th St, Jamaica, NY 11432

89-14 178th St, Jamaica, NY 11432

$728,000~$2,750/mo.*
3 Beds • 3 Baths1,248 SqFt
#3372349Listing Office:
Mitra Hakimi Realty Group LlcMLS logo
33-43 107th St, Flushing, NY 11368

33-43 107th St, Flushing, NY 11368

$1,499,000~$5,650/mo.*
9 Beds • 5 Baths
#3372304Listing Office:
Neighborhood Elite Homes LlcMLS logo
178 Saltaire Ln Unit 1, Arverne, NY 11692

178 Saltaire Ln Unit 1, Arverne, NY 11692

$969,000~$3,650/mo.*
4 Beds • 3 Baths
#3372309Listing Office:
Rockaway Beach House RealtyMLS logo
61-25 97th St Unit 9E, Rego Park, NY 11374

61-25 97th St Unit 9E, Rego Park, NY 11374

$285,000~$1,050/mo.*
1 Bed • 1 Bath
#3372306Listing Office:
Douglas Elliman Real EstateMLS logo

About Queens, NY

Homes for sale in Queens, NY have reached 9,432. The inventory of homes for sale in Queens, NY between November 2021 and December 2021 decreased by 0.2%. The median list price of listings available in December 2021 was $676,549, while the average time on the real estate market was 81 days. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 2.1% more expensive, 2 bedrooms properties prices increased by 1.4%, 3 bedrooms properties became 11.1% more expensive, 4 bedrooms properties prices increased by 11%, the cost of 5 bedrooms properties went up by 4.9%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 1.3%, 2 bedrooms homes inventory increased by 0.4%, 3 bedrooms homes inventory decreased by 3.3%, the quantity of 4 bedrooms homes went down by 0.2%, the quantity of 5 bedrooms homes went up by 1.1%. In December 2021 more than 134 listings in Queens, NY were sold above the asking price. During the same period more than 102 listings were sold at asking price, while more than 627 were sold below.

MLS Disclaimers and Copyright

Based on information from OneKey MLS, and Brooklyn MLS for the period 01/01/2020 - 01/01/2022

Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2022, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/26/2022, 9:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2022 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/26/2022, 9:25:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Related Housing Market Reports