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.
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
$701,156
$510/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$21,631(+3.2%)
Key Takeaway
Homes in Queens have sold for 3.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Queens, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.
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
Key Takeaway
Avg time on Rocket Homes in Queens has remained consistent over time.
The 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. 
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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.