Is College Point, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, College Point has remained a Buyer's Market.
Key Takeaway
College Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in College Point, NY
How much do homes in College Point, NY cost?
Median Sold Price
$870,000
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in College Point have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in College Point was $870,000 in May 2024, down 3.3% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $684.7K | +204.3% |
| 2 Bedrooms | $695K | $625K | -10.1% |
| 3 Bedrooms | $810.5K | $760K | -6.2% |
| 4 Bedrooms | $932K | $900K | -3.4% |
| 5+ Bedrooms | $1.1M | $1.1M | +3.9% |
Summary: College Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 204.3%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Flushing | $669K | $685K | +2.4% |
| Malba | $967.5K | $981.5K | +1.4% |
| Northeastern Queens | $730.7K | $722.2K | -1.2% |
| College Point | $900K | $870K | -3.3% |
| Whitestone | $940K | $905K | -3.7% |
Housing Supply in College Point, NY
How many homes are available in College Point, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 | 141 | +0.7% |
Summary: The College Point real estate market had 141 homes for sale in May 2024, a 0.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 50 | 52 | +4.0% |
Summary: The College Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Point, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in College Point in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for College Point, NY
How long does it take to sell a home in College Point, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 81 Days | -35.0% |
Summary: Homes in College Point had an average of 81 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in College Point are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in College Point; 44% of homes were sold within 30 days, 19% 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. 
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. 
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