$4,144 Closing Credit*
$349,000
2 Beds
•2 Full Baths
Listing Office: Douglas Elliman Real Estate
Is Jamaica Estates, 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, Jamaica Estates was a Neutral Market.
Key Takeaway
Jamaica Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jamaica Estates, NY
How much do homes in Jamaica Estates, NY cost?
Median Sold Price
$1,117,500
$533/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$118,500(+11.9%)
Key Takeaway
Homes in Jamaica Estates have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Jamaica Estates was $1,117,500 in November 2024, up 11.9% from last year, and the median price per square foot was $533.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | $223.5K | +7.5% |
| 2 Bedrooms | $385K | $314.5K | -18.3% |
| 3 Bedrooms | $999K | $1.1M | +19.1% |
| 4 Bedrooms | $1.4M | $1.2M | -14.6% |
| 5+ Bedrooms | $1.3M | $1.7M | +30.6% |
Summary: Jamaica Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Jamaica Estates | $999K | $1.1M | +11.9% |
| Fresh Meadows | $995K | $999K | 0.4% |
Housing Supply in Jamaica Estates, NY
How many homes are available in Jamaica Estates, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Summary: The Jamaica Estates real estate market had 49 homes for sale in November 2024, a 6.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Jamaica Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
5 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 5 homes were sold or pending in Jamaica Estates in November 2024, down by 28.6% month-over-month. Of the 5 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 85 Days | +147.0% |
Summary: Homes in Jamaica Estates had an average of 85 days on market in Nov 2024, up by 147% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jamaica Estates has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Jamaica Estates; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.