$10,000 Closing Credit*
$1,280,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Avenue & Street Realty Inc
Is Flushing, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Flushing was a Neutral Market.
Key Takeaway
Flushing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Flushing, NY
How much do homes in Flushing, NY cost?
Median Sold Price
$694,000
$664/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.1%)
Key Takeaway
The sold price of homes in Flushing has remained the same since last year.
Summary: The median home sold price in Flushing was $694,000 in October 2024, down 0.1% from last year, and the median price per square foot was $664.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $350K | +3.7% |
| 2 Bedrooms | $549.4K | $580K | +5.6% |
| 3 Bedrooms | $960K | $975K | +1.6% |
| 4 Bedrooms | $1.1M | $1.1M | -0.5% |
| 5+ Bedrooms | $1.4M | $1.4M | 0.1% |
Summary: Flushing housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeastern Queens | $718K | $741.2K | +3.2% |
| Queensboro Hill | $976.5K | $998K | +2.2% |
| Auburndale | $905K | $920K | +1.7% |
| Flushing | $695K | $694K | -0.1% |
| Whitestone | $890K | $860K | -3.4% |
Housing Supply in Flushing, NY
How many homes are available in Flushing, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 582 | 655 | +12.5% |
Summary: The Flushing real estate market had 655 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 154 | 171 | +11.0% |
| 2 Bedrooms | 218 | 247 | +13.3% |
| 3 Bedrooms | 80 | 93 | +16.3% |
| 4 Bedrooms | 49 | 58 | +18.4% |
| 5+ Bedrooms | 81 | 86 | +6.2% |
Summary: The Flushing housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 6.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flushing, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Flushing in October 2024, down by 11.9% month-over-month. Of the 37 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 93 Days | -3.9% |
Summary: Homes in Flushing had an average of 93 days on market in Oct 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Flushing are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 37 homes were sold in Flushing; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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