Is Flushing, 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, Flushing has remained a Buyer's Market.
Housing Prices in Flushing, NY
How much do homes in Flushing, NY cost?
Median Sold Price
$685,000
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Flushing was $685,000 in May 2024, up 2.4% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $335K | -1.5% |
2 Bedrooms | $550K | $545K | -0.9% |
3 Bedrooms | $975K | $972.5K | -0.3% |
4 Bedrooms | $1.1M | $1.1M | -1.4% |
5+ Bedrooms | $1.4M | $1.3M | -3.9% |
Summary: Flushing housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
Queensboro Hill | $920K | $988K | +7.4% |
Flushing | $669K | $685K | +2.4% |
Auburndale | $910K | $913K | 0.3% |
Northeastern Queens | $730.7K | $722.2K | -1.2% |
Whitestone | $940K | $905K | -3.7% |
Housing Supply in Flushing, NY
How many homes are available in Flushing, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
556 | 619 | +11.3% |
Summary: The Flushing real estate market had 619 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 152 | 169 | +11.2% |
2 Bedrooms | 224 | 241 | +7.6% |
3 Bedrooms | 81 | 88 | +8.6% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 71 | 87 | +22.5% |
Summary: The Flushing housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 22.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 43 | +13.2% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Flushing in May 2024, up by 13.2% month-over-month. Of the 43 sold homes, 88% were sold under asking, 5% were sold at asking, and 7% were sold over asking.
Days on Market for Flushing, NY
How long does it take to sell a home in Flushing, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
105 Days | 85 Days | -18.7% |
Summary: Homes in Flushing had an average of 85 days on market in May 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Flushing; 28% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.