$10,000 Closing Credit*
$928,000
730 SqFt
1 Bed
•1 Full Bath
Listing Office: Chase Global Realty Corp
Is Flushing, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Flushing has remained a Buyer's 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
$690,000
$664/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$10,040(-1.4%)
Key Takeaway
Homes in Flushing have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Flushing was $690,000 in December 2024, down 1.4% from last year, and the median price per square foot was $664.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $350K | +2.9% |
| 2 Bedrooms | $540K | $580K | +7.4% |
| 3 Bedrooms | $976.2K | $980K | 0.4% |
| 4 Bedrooms | $1.0M | $1.1M | +7.7% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.0% |
Summary: Flushing housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Auburndale | $875.6K | $950K | +8.5% |
| Northeastern Queens | $692.4K | $724.7K | +4.7% |
| Queensboro Hill | $955K | $998K | +4.5% |
| Flushing | $700K | $690K | -1.4% |
| Whitestone | $890K | $812.5K | -8.7% |
Housing Supply in Flushing, NY
How many homes are available in Flushing, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 608 | 606 | -0.3% |
Summary: The Flushing real estate market had 606 homes for sale in December 2024, a 0.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 179 | 190 | +6.1% |
| 2 Bedrooms | 229 | 237 | +3.5% |
| 3 Bedrooms | 84 | 76 | -9.5% |
| 4 Bedrooms | 52 | 47 | -9.6% |
| 5+ Bedrooms | 64 | 56 | -12.5% |
Summary: The Flushing housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
7 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. 75.8% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Flushing in December 2024, up by 12.7% month-over-month. Of the 62 sold homes, 76% were sold under asking, 11% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 90 Days | 68 Days | -24.0% |
Summary: Homes in Flushing had an average of 68 days on market in Dec 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flushing are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 62 homes were sold in Flushing; 37% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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