$10,000 Closing Credit*
$899,000
1,638 SqFt
3 Beds
•2 Full Baths
Listing Office: Chous Realty Group Inc
Is Fresh Meadows, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fresh Meadows was a Seller's Market.
Key Takeaway
Fresh Meadows is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fresh Meadows, NY
How much do homes in Fresh Meadows, NY cost?
Median Sold Price
$999,000
$676/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,000(+0.4%)
Key Takeaway
The sold price of homes in Fresh Meadows has remained the same since last year.
Summary: The median home sold price in Fresh Meadows was $999,000 in November 2024, up 0.4% from last year, and the median price per square foot was $676.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237K | $218.5K | -7.8% |
| 2 Bedrooms | $637.5K | $752.5K | +18.0% |
| 3 Bedrooms | $978.8K | $968K | -1.1% |
| 4 Bedrooms | $1.2M | $1.1M | -3.3% |
| 5+ Bedrooms | $1.0M | $1.3M | +25.7% |
Summary: Fresh Meadows housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 18%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Jamaica Estates | $999K | $1.1M | +11.9% |
| Hillcrest | $920K | $987.5K | +7.3% |
| Fresh Meadows | $995K | $999K | 0.4% |
Housing Supply in Fresh Meadows, NY
How many homes are available in Fresh Meadows, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Summary: The Fresh Meadows real estate market had 21 homes for sale in November 2024, a 16.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Fresh Meadows housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fresh Meadows, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Fresh Meadows in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Fresh Meadows, NY
How long does it take to sell a home in Fresh Meadows, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 19 Days | -72.4% |
Summary: Homes in Fresh Meadows had an average of 19 days on market in Nov 2024, down by 72.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fresh Meadows are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Fresh Meadows; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.