$10,000 Closing Credit*
$999,000
6 Beds
•5 Full Baths, 1 Partial
Listing Office: Keller Williams Realty Group
Is Jamaica, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Jamaica has remained a Buyer's Market.
Key Takeaway
Jamaica is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jamaica, NY
How much do homes in Jamaica, NY cost?
Median Sold Price
$850,000
$473/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$14,888(-1.7%)
Key Takeaway
Homes in Jamaica have sold for 1.7% less than they did a month ago.
Summary: The median home sold price in Jamaica was $850,000 in October 2024, down 1.7% from last month, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216K | $245K | +13.4% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $687.4K | $635K | -7.6% |
| 4 Bedrooms | $925K | $1.3M | +45.7% |
| 5+ Bedrooms | $984K | $1.1M | +12.8% |
Summary: Jamaica housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Jamaica Estates | $792.5K | $1.2M | +51.4% |
| Jamaica | $864.8K | $850K | -1.7% |
| Jamaica Hills | $440K | $411.5K | -6.5% |
Housing Supply in Jamaica, NY
How many homes are available in Jamaica, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 145 | +2.8% |
Summary: The Jamaica real estate market had 145 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 48 | 55 | +14.6% |
Summary: The Jamaica housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamaica, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Jamaica in October 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Jamaica, NY
How long does it take to sell a home in Jamaica, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 68 Days | +80.6% |
Summary: Homes in Jamaica had an average of 68 days on market in Oct 2024, up by 80.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jamaica has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Jamaica; 27% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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