$10,000 Closing Credit*
$1,395,000
1,632 SqFt
3 Beds
•1 Full Bath, 1 Partial
#487215, Listing Office: Bellmarc
Is Jamaica Estates, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Jamaica Estates was a Buyer's Market.
Key Takeaway
Jamaica Estates 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 Jamaica Estates, NY
How much do homes in Jamaica Estates, NY cost?
Median Sold Price
$1,200,000
$665/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$407,500(+51.4%)
Key Takeaway
Homes in Jamaica Estates have sold for 51.4% more than they did a month ago.
Summary: The median home sold price in Jamaica Estates was $1,200,000 in October 2024, up 51.4% from last month, and the median price per square foot was $665.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $215K | -46.3% |
| 2 Bedrooms | $289K | - | N/A |
| 3 Bedrooms | $1.2M | $1.1M | -7.2% |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | $1.8M | N/A |
Summary: Jamaica Estates housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 46.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Jamaica Estates | $792.5K | $1.2M | +51.4% |
| Jamaica Hills | $440K | $411.5K | -6.5% |
| Utopia | $1.2M | $1.0M | -12.9% |
Housing Supply in Jamaica Estates, NY
How many homes are available in Jamaica Estates, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The Jamaica Estates real estate market had 49 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Jamaica Estates housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamaica Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Jamaica Estates in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jamaica Estates, NY
How long does it take to sell a home in Jamaica Estates, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 63 Days | -25.1% |
Summary: Homes in Jamaica Estates had an average of 63 days on market in Oct 2024, down by 25.1% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jamaica Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Jamaica Estates; 43% of homes were sold within 30 days, 29% 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.
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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.