Is Kew Gardens Hills, 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, Kew Gardens Hills has remained a Buyer's Market.
Key Takeaway
Kew Gardens Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kew Gardens Hills, NY
How much do homes in Kew Gardens Hills, NY cost?
Median Sold Price
$425,000
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kew Gardens Hills have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Kew Gardens Hills was $425,000 in May 2024, up 13.3% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $280K | +5.7% |
| 2 Bedrooms | $355K | $383K | +7.9% |
| 3 Bedrooms | $850K | $831K | -2.2% |
| 4 Bedrooms | $990K | $950K | -4.0% |
| 5+ Bedrooms | $1.3M | $1.2M | -11.0% |
Summary: Kew Gardens Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
| Kew Gardens Hills | $375K | $425K | +13.3% |
| Queensboro Hill | $920K | $988K | +7.4% |
| Briarwood | $310K | $321.8K | +3.8% |
| Forest Hills | $474.2K | $484.2K | +2.1% |
| Pomonok | $880K | $880K | 0.0% |
Housing Supply in Kew Gardens Hills, NY
How many homes are available in Kew Gardens Hills, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 256 | 302 | +18.0% |
Summary: The Kew Gardens Hills real estate market had 302 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 94 | 106 | +12.8% |
| 2 Bedrooms | 81 | 99 | +22.2% |
| 3 Bedrooms | 43 | 52 | +20.9% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The Kew Gardens Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 24 | +140.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kew Gardens Hills, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Kew Gardens Hills in May 2024, up by 140.0% month-over-month. Of the 24 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Kew Gardens Hills, NY
How long does it take to sell a home in Kew Gardens Hills, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 97 Days | 88 Days | -8.9% |
Summary: Homes in Kew Gardens Hills had an average of 88 days on market in May 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kew Gardens Hills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 24 homes were sold in Kew Gardens Hills; 21% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 42% 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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