Is Queens County, 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, Queens County has remained a Buyer's Market.
Housing Prices in Queens County, NY
How much do homes in Queens County, NY cost?
Median Sold Price
$689,446
$500/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Queens County was $689,446 in April 2024, down 0.3% from last year, and the median price per square foot was $500.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $311K | $300.5K | -3.4% |
2 Bedrooms | $439.1K | $449.7K | +2.4% |
3 Bedrooms | $766.4K | $761.8K | -0.6% |
4 Bedrooms | $912.3K | $897K | -1.7% |
5+ Bedrooms | $1.1M | $1.1M | 0.0% |
Summary: Queens County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Nassau County | $679.8K | $710.7K | +4.5% |
Kings County | $959.5K | $965.7K | +0.6% |
Queens County | $691.7K | $689.4K | -0.3% |
Housing Supply in Queens County, NY
How many homes are available in Queens County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6,892 | 7,547 | +9.5% |
Summary: The Queens County real estate market had 7,547 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1,553 | 1,656 | +6.6% |
2 Bedrooms | 1,576 | 1,699 | +7.8% |
3 Bedrooms | 1,469 | 1,637 | +11.4% |
4 Bedrooms | 877 | 946 | +7.9% |
5+ Bedrooms | 1,417 | 1,609 | +13.5% |
Summary: The Queens County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
584 | 584 | 0.0% |
Asking Price vs. Sold Price
405 Homes Were Sold
Under Asking
90 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Summary: A total of 584 homes were sold or pending in Queens County in April 2024, the same as the previous month. Of the 584 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Queens County, NY
How long does it take to sell a home in Queens County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
98 Days | 94 Days | -4.0% |
Summary: Homes in Queens County had an average of 94 days on market in Apr 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
203 Homes Were Sold
In 30 - 90 Days
208 Homes Were Sold
Over 90 Days
Summary: During April 2024, 584 homes were sold in Queens County; 23% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.