$4,608 Closing Credit*
$388,000
2 Beds
•1 Full Bath
Listing Office: Golden Bull Realty Management
Is Jackson Heights, 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, 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
$498,250
$474/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,983(+13.7%)
Key Takeaway
Homes in Jackson Heights have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Jackson Heights was $498,250 in October 2024, up 13.7% from last year, and the median price per square foot was $474.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $320K | +1.6% |
| 2 Bedrooms | $430K | $502.5K | +16.9% |
| 3 Bedrooms | $872.5K | $890K | +2.0% |
| 4 Bedrooms | $1.1M | $1.0M | -4.9% |
| 5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Summary: Jackson Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Jackson Heights | $438.2K | $498.2K | +13.7% |
| Northwestern Queens | $701.1K | $762.6K | +8.8% |
Housing Supply in Jackson Heights, NY
How many homes are available in Jackson Heights, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 388 | 401 | +3.4% |
Summary: The Jackson Heights real estate market had 401 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 175 | 176 | +0.6% |
| 2 Bedrooms | 94 | 99 | +5.3% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 49 | 55 | +12.2% |
Summary: The Jackson Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 28 | -28.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 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. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Jackson Heights in October 2024, down by 28.2% month-over-month. Of the 28 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 118 Days | 90 Days | -23.5% |
Summary: Homes in Jackson Heights had an average of 90 days on market in Oct 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jackson Heights has remained consistent over time.
Summary: During October 2024, 28 homes were sold in Jackson Heights; 11% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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