$2,197 Closing Credit*
$185,000
700 SqFt
Studio
•1 Full Bath
Listing Office: Keller Williams Village Sq Rlt
Is Jackson Heights, 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, Jackson Heights was a Neutral Market.
Key Takeaway
Jackson Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jackson Heights, NY
How much do homes in Jackson Heights, NY cost?
Median Sold Price
$498,333
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,733(+14.4%)
Key Takeaway
Homes in Jackson Heights have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Jackson Heights was $498,333 in November 2024, up 14.4% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309K | $320K | +3.6% |
| 2 Bedrooms | $436K | $489K | +12.2% |
| 3 Bedrooms | $860K | $909K | +5.7% |
| 4 Bedrooms | $1.0M | $1.0M | -1.6% |
| 5+ Bedrooms | $1.3M | $1.2M | -1.0% |
Summary: Jackson Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwestern Queens | $657.3K | $756.7K | +15.1% |
| Jackson Heights | $435.6K | $498.3K | +14.4% |
Housing Supply in Jackson Heights, NY
How many homes are available in Jackson Heights, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 381 | 385 | +1.0% |
Summary: The Jackson Heights real estate market had 385 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 171 | 172 | +0.6% |
| 2 Bedrooms | 93 | 97 | +4.3% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 47 | 52 | +10.6% |
Summary: The Jackson Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson Heights, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Jackson Heights in November 2024, down by 6.5% month-over-month. Of the 29 sold homes, 62% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Jackson Heights, NY
How long does it take to sell a home in Jackson Heights, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 116 Days | 84 Days | -27.8% |
Summary: Homes in Jackson Heights had an average of 84 days on market in Nov 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jackson Heights has remained consistent over time.
Summary: During November 2024, 29 homes were sold in Jackson Heights; 21% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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