Is Northwestern Queens, 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, Northwestern Queens has remained a Buyer's Market.
Key Takeaway
Northwestern Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwestern Queens, NY
How much do homes in Northwestern Queens, NY cost?
Median Sold Price
$720,127
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwestern Queens have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Northwestern Queens was $720,127 in April 2024, down 0.6% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.1K | $345K | -1.2% |
| 2 Bedrooms | $512.2K | $535.4K | +4.5% |
| 3 Bedrooms | $877.4K | $867K | -1.2% |
| 4 Bedrooms | $1.0M | $1.0M | +2.9% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.0% |
Summary: Northwestern Queens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwestern Queens | $724.2K | $720.1K | -0.6% |
| Jackson Heights | $458K | $451.8K | -1.3% |
| Woodside | $442.4K | $430K | -2.8% |
| Maspeth | $900K | $852K | -5.3% |
Housing Supply in Northwestern Queens, NY
How many homes are available in Northwestern Queens, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,370 | 2,575 | +8.6% |
Summary: The Northwestern Queens real estate market had 2,575 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 788 | 838 | +6.3% |
| 2 Bedrooms | 593 | 632 | +6.6% |
| 3 Bedrooms | 341 | 364 | +6.7% |
| 4 Bedrooms | 179 | 192 | +7.3% |
| 5+ Bedrooms | 469 | 549 | +17.1% |
Summary: The Northwestern Queens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 183 | 199 | +8.7% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwestern Queens, you may be able to get a good deal. 66.8% of homes here sold below asking price last month.
Summary: A total of 199 homes were sold or pending in Northwestern Queens in April 2024, up by 8.7% month-over-month. Of the 199 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for Northwestern Queens, NY
How long does it take to sell a home in Northwestern Queens, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 104 Days | 93 Days | -10.0% |
Summary: Homes in Northwestern Queens had an average of 93 days on market in Apr 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
59 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northwestern Queens has remained consistent over time.
Summary: During April 2024, 199 homes were sold in Northwestern Queens; 21% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 30% 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.