Is Queens County, 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, Queens County has remained a Buyer's Market.
Key Takeaway
Queens County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Queens County, NY
How much do homes in Queens County, NY cost?
Median Sold Price
$685,124
$500/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Queens County have sold for 1% less than they did a year ago.
Summary: The median home sold price in Queens County was $685,124 in March 2024, down 1% from last year, and the median price per square foot was $500.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310.4K | $305K | -1.8% |
| 2 Bedrooms | $442.6K | $444.6K | 0.4% |
| 3 Bedrooms | $760.1K | $756.2K | -0.5% |
| 4 Bedrooms | $921.7K | $894.2K | -3.0% |
| 5+ Bedrooms | $1.1M | $1.1M | 0% |
Summary: Queens County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Nassau County | $679.8K | $706.4K | +3.9% |
| Kings County | $961.6K | $957.3K | -0.4% |
| Queens County | $691.9K | $685.1K | -1.0% |
Housing Supply in Queens County, NY
How many homes are available in Queens County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6,707 | 7,274 | +8.5% |
Summary: The Queens County real estate market had 7,274 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1,515 | 1,640 | +8.3% |
| 2 Bedrooms | 1,547 | 1,658 | +7.2% |
| 3 Bedrooms | 1,386 | 1,530 | +10.4% |
| 4 Bedrooms | 855 | 923 | +8.0% |
| 5+ Bedrooms | 1,404 | 1,523 | +8.5% |
Summary: The Queens County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 565 | 561 | -0.7% |
Asking Price vs. Sold Price
420 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queens County, you may be able to get a good deal. 74.9% of homes here sold below asking price last month.
Summary: A total of 561 homes were sold or pending in Queens County in March 2024, down by 0.7% month-over-month. Of the 561 sold homes, 75% were sold under asking, 12% were sold at asking, and 13% were sold over asking.
Days on Market for Queens County, NY
How long does it take to sell a home in Queens County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 101 Days | +4.8% |
Summary: Homes in Queens County had an average of 101 days on market in Mar 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
194 Homes Were Sold
In 30 - 90 Days
214 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Queens County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 561 homes were sold in Queens County; 21% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
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.