$2,850 Closing Credit*
$240,000
1 Bed
•1 Full Bath
Listing Office: Keller Williams Realty Liberty
Is Kew Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kew Gardens has remained a Buyer's Market.
Key Takeaway
Kew Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kew Gardens, NY
How much do homes in Kew Gardens, NY cost?
Median Sold Price
$289,500
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$55,500(-16.1%)
Key Takeaway
Homes in Kew Gardens have sold for 16.1% less than they did a year ago.
Summary: The median home sold price in Kew Gardens was $289,500 in October 2024, down 16.1% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237K | $239.5K | +1.1% |
| 2 Bedrooms | $389K | $327.5K | -15.8% |
| 3 Bedrooms | $745K | $815K | +9.4% |
| 4 Bedrooms | $1.2M | $742K | -40.4% |
| 5+ Bedrooms | $1.4M | $1.4M | -2.2% |
Summary: Kew Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 40.4%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Kew Gardens Hills | $380K | $425K | +11.8% |
| Briarwood | $326.2K | $342K | +4.8% |
| Richmond Hill | $735K | $740K | +0.7% |
| Forest Hills | $480K | $443.4K | -7.6% |
| Kew Gardens | $345K | $289.5K | -16.1% |
Housing Supply in Kew Gardens, NY
How many homes are available in Kew Gardens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 114 | -6.6% |
Summary: The Kew Gardens real estate market had 114 homes for sale in October 2024, a 6.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 54 | 50 | -7.4% |
| 2 Bedrooms | 43 | 43 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Kew Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kew Gardens, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Kew Gardens in October 2024, down by 52.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Kew Gardens, NY
How long does it take to sell a home in Kew Gardens, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 127 Days | +55.0% |
Summary: Homes in Kew Gardens had an average of 127 days on market in Oct 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kew Gardens are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Kew Gardens; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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