$2,672 Closing Credit*
$225,000
750 SqFt
1 Bed
•1 Full Bath
Listing Office: Mitra Hakimi Realty Group LLC
Is Kew Gardens, 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, Kew Gardens was a Neutral Market.
Key Takeaway
Kew Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kew Gardens, NY
How much do homes in Kew Gardens, NY cost?
Median Sold Price
$289,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$56,000(-16.2%)
Key Takeaway
Homes in Kew Gardens have sold for 16.2% less than they did a year ago.
Summary: The median home sold price in Kew Gardens was $289,000 in November 2024, down 16.2% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $247.5K | +5.3% |
| 2 Bedrooms | $392.5K | $342.5K | -12.7% |
| 3 Bedrooms | $772K | $822.5K | +6.5% |
| 4 Bedrooms | $1.2M | $742K | -40.4% |
| 5+ Bedrooms | $1.4M | $1.3M | -6.2% |
Summary: Kew Gardens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 40.4%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Briarwood | $301K | $347K | +15.3% |
| Kew Gardens Hills | $400K | $415K | +3.8% |
| Forest Hills | $449.7K | $450K | 0.1% |
| Kew Gardens | $345K | $289K | -16.2% |
Housing Supply in Kew Gardens, NY
How many homes are available in Kew Gardens, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 106 | +2.9% |
Summary: The Kew Gardens real estate market had 106 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 54 | +8.0% |
| 2 Bedrooms | 39 | 41 | +5.1% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Kew Gardens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 18 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 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. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Kew Gardens in November 2024, up by 100.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 105 Days | +78.3% |
Summary: Homes in Kew Gardens had an average of 105 days on market in Nov 2024, up by 78.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 18 homes were sold in Kew Gardens; 17% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 61% 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. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.