Is Maspeth, 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, Maspeth has remained a Buyer's Market.
Housing Prices in Maspeth, NY
How much do homes in Maspeth, NY cost?
Median Sold Price
$848,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Maspeth was $848,000 in May 2024, down 5.8% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $399K | +33.0% |
2 Bedrooms | $640K | $680K | +6.3% |
3 Bedrooms | $880K | $840K | -4.5% |
4 Bedrooms | $984K | $989K | 0.5% |
5+ Bedrooms | $1.2M | $1.2M | +4.2% |
Summary: Maspeth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
Woodside | $429K | $440K | +2.6% |
Northwestern Queens | $715.7K | $726.8K | +1.5% |
Maspeth | $900K | $848K | -5.8% |
Sunnyside | $650K | $583K | -10.3% |
Housing Supply in Maspeth, NY
How many homes are available in Maspeth, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 154 | +6.2% |
Summary: The Maspeth real estate market had 154 homes for sale in May 2024, a 6.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 28 | +3.7% |
2 Bedrooms | 30 | 36 | +20.0% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Maspeth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 12 | -42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Maspeth in May 2024, down by 42.9% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Maspeth, NY
How long does it take to sell a home in Maspeth, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
95 Days | 54 Days | -42.7% |
Summary: Homes in Maspeth had an average of 54 days on market in May 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Maspeth; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.