Is Rego Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rego Park has remained a Buyer's Market.
Key Takeaway
Rego Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rego Park, NY
How much do homes in Rego Park, NY cost?
Median Sold Price
$401,666
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rego Park have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Rego Park was $401,666 in April 2024, up 4.3% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $300K | -1.6% |
| 2 Bedrooms | $452.5K | $434.5K | -4.0% |
| 3 Bedrooms | $750K | $825K | +10.0% |
| 4 Bedrooms | $1.2M | $1.0M | -18.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +4.3% |
Summary: Rego Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Rego Park | $385K | $401.6K | +4.3% |
| Forest Hills | $474.2K | $480K | +1.2% |
| Middle Village | $897K | $865K | -3.6% |
Housing Supply in Rego Park, NY
How many homes are available in Rego Park, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 279 | 310 | +11.1% |
Summary: The Rego Park real estate market had 310 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 145 | 158 | +9.0% |
| 2 Bedrooms | 88 | 104 | +18.2% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Rego Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 23 | +76.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rego Park, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Rego Park in April 2024, up by 76.9% month-over-month. Of the 23 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Rego Park, NY
How long does it take to sell a home in Rego Park, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 150 Days | 107 Days | -28.8% |
Summary: Homes in Rego Park had an average of 107 days on market in Apr 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rego Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 23 homes were sold in Rego Park; 9% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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