Is Rego Park, 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, Rego Park has remained a Buyer's Market.
Housing Prices in Rego Park, NY
How much do homes in Rego Park, NY cost?
Median Sold Price
$410,000
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rego Park was $410,000 in May 2024, up 5.7% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $308.6K | $300K | -2.8% |
2 Bedrooms | $447.5K | $447.5K | 0.0% |
3 Bedrooms | $765K | $830K | +8.5% |
4 Bedrooms | $1.2M | $1.1M | -7.6% |
5+ Bedrooms | $1.1M | $1.2M | +4.3% |
Summary: Rego Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
Rego Park | $388K | $410K | +5.7% |
Forest Hills | $474.2K | $484.2K | +2.1% |
Middle Village | $879.4K | $870K | -1.1% |
Elmhurst | $625K | $505K | -19.2% |
Housing Supply in Rego Park, NY
How many homes are available in Rego Park, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
300 | 329 | +9.7% |
Summary: The Rego Park real estate market had 329 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 157 | 161 | +2.5% |
2 Bedrooms | 97 | 111 | +14.4% |
3 Bedrooms | 30 | 38 | +26.7% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Rego Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Rego Park in May 2024, up by 4.5% month-over-month. Of the 23 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.
Days on Market for Rego Park, NY
How long does it take to sell a home in Rego Park, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
133 Days | 114 Days | -14.2% |
Summary: Homes in Rego Park had an average of 114 days on market in May 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Rego Park; 13% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.