$2,838 Closing Credit*
$239,000
Studio
•1 Full Bath
Listing Office: Winzone Realty Inc
Is Kew Gardens Hills, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Kew Gardens Hills was a Neutral Market.
Key Takeaway
Kew Gardens Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kew Gardens Hills, NY
How much do homes in Kew Gardens Hills, NY cost?
Median Sold Price
$425,000
$441/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+11.8%)
Key Takeaway
Homes in Kew Gardens Hills have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Kew Gardens Hills was $425,000 in October 2024, up 11.8% from last year, and the median price per square foot was $441.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264K | $288.5K | +9.3% |
| 2 Bedrooms | $355K | $380K | +7.0% |
| 3 Bedrooms | $830K | $885K | +6.6% |
| 4 Bedrooms | $1.0M | $992K | -2.7% |
| 5+ Bedrooms | $1.4M | $1.3M | -6.4% |
Summary: Kew Gardens Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Kew Gardens Hills | $380K | $425K | +11.8% |
| Briarwood | $326.2K | $342K | +4.8% |
| Queensboro Hill | $976.5K | $998K | +2.2% |
| Pomonok | $892.5K | $867.5K | -2.8% |
| Forest Hills | $480K | $443.4K | -7.6% |
Housing Supply in Kew Gardens Hills, NY
How many homes are available in Kew Gardens Hills, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 259 | 263 | +1.5% |
Summary: The Kew Gardens Hills real estate market had 263 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 92 | 93 | +1.1% |
| 2 Bedrooms | 90 | 94 | +4.4% |
| 3 Bedrooms | 47 | 43 | -8.5% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Kew Gardens Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kew Gardens Hills, you may be able to get a good deal. 87.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Kew Gardens Hills in October 2024, the same as the previous month. Of the 31 sold homes, 87% were sold under asking, 10% were sold at asking, and 3% were sold over asking.
Days on Market for Kew Gardens Hills, NY
How long does it take to sell a home in Kew Gardens Hills, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 104 Days | +55.5% |
Summary: Homes in Kew Gardens Hills had an average of 104 days on market in Oct 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kew Gardens Hills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 31 homes were sold in Kew Gardens Hills; 19% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 45% 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. 
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.