Is Jackson Heights, 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, Jackson Heights has remained a Buyer's Market.
Key Takeaway
Jackson Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jackson Heights, NY
How much do homes in Jackson Heights, NY cost?
Median Sold Price
$451,833
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jackson Heights have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Jackson Heights was $451,833 in April 2024, down 1.3% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.5K | $302.5K | -11.7% |
| 2 Bedrooms | $430K | $454K | +5.6% |
| 3 Bedrooms | $892.5K | $860K | -3.6% |
| 4 Bedrooms | $1.1M | $1.0M | -2.4% |
| 5+ Bedrooms | $1.3M | $1.3M | +0.8% |
Summary: Jackson Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| East Elmhurst | $900K | $952.5K | +5.8% |
| Northwestern Queens | $724.2K | $720.1K | -0.6% |
| Jackson Heights | $458K | $451.8K | -1.3% |
Housing Supply in Jackson Heights, NY
How many homes are available in Jackson Heights, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 350 | 368 | +5.1% |
Summary: The Jackson Heights real estate market had 368 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 151 | 157 | +4.0% |
| 2 Bedrooms | 99 | 109 | +10.1% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 40 | 40 | 0.0% |
Summary: The Jackson Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson Heights, you may be able to get a good deal. 68% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Jackson Heights in April 2024, the same as the previous month. Of the 25 sold homes, 68% were sold under asking, 20% were sold at asking, and 12% were sold over asking.
Days on Market for Jackson Heights, NY
How long does it take to sell a home in Jackson Heights, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 108 Days | 136 Days | +26.1% |
Summary: Homes in Jackson Heights had an average of 136 days on market in Apr 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Jackson Heights are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 25 homes were sold in Jackson Heights; 24% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 40% 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.