Is Southwestern 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, Southwestern Queens has remained a Buyer's Market.
Housing Prices in Southwestern Queens, NY
How much do homes in Southwestern Queens, NY cost?
Median Sold Price
$694,285
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwestern Queens was $694,285 in April 2024, down 2.9% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $212.5K | +11.8% |
2 Bedrooms | $340K | $314K | -7.6% |
3 Bedrooms | $680K | $660K | -2.9% |
4 Bedrooms | $801K | $811.5K | +1.3% |
5+ Bedrooms | $973.3K | $958.5K | -1.5% |
Summary: Southwestern Queens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
Howard Beach | $717.5K | $722.5K | +0.7% |
Southwestern Queens | $715K | $694.2K | -2.9% |
Ozone Park | $760K | $725K | -4.6% |
Lindenwood | $280K | $266.2K | -4.9% |
Old Howard Beach | $860K | $813K | -5.5% |
Housing Supply in Southwestern Queens, NY
How many homes are available in Southwestern Queens, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
676 | 773 | +14.3% |
Summary: The Southwestern Queens real estate market had 773 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 61 | +7.0% |
2 Bedrooms | 87 | 93 | +6.9% |
3 Bedrooms | 213 | 253 | +18.8% |
4 Bedrooms | 125 | 129 | +3.2% |
5+ Bedrooms | 194 | 237 | +22.2% |
Summary: The Southwestern Queens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 60 | +27.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Southwestern Queens in April 2024, up by 27.7% month-over-month. Of the 60 sold homes, 78% were sold under asking, 12% were sold at asking, and 10% were sold over asking.
Days on Market for Southwestern Queens, NY
How long does it take to sell a home in Southwestern Queens, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 79 Days | -8.4% |
Summary: Homes in Southwestern Queens had an average of 79 days on market in Apr 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in Southwestern Queens; 25% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.