$10,000 Closing Credit*
$1,299,900
2,878 SqFt
5 Beds
•3 Full Baths
Listing Office: O Kane Realty
Is Maspeth, 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, Maspeth has remained a Buyer's Market.
Key Takeaway
Maspeth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Maspeth, NY
How much do homes in Maspeth, NY cost?
Median Sold Price
$872,000
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.2%)
Key Takeaway
The sold price of homes in Maspeth has remained the same since last year.
Summary: The median home sold price in Maspeth was $872,000 in October 2024, up 0.2% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $460K | +48.4% |
| 2 Bedrooms | $645K | $686K | +6.4% |
| 3 Bedrooms | $839K | $860K | +2.5% |
| 4 Bedrooms | $990K | $990K | 0.0% |
| 5+ Bedrooms | $1.1M | $1.3M | +14.2% |
Summary: Maspeth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Blissville | $1.0M | $1.1M | +16.7% |
| Sunnyside | $700K | $762.2K | +8.9% |
| Northwestern Queens | $701.1K | $762.6K | +8.8% |
| Woodside | $430K | $440K | +2.3% |
| Maspeth | $870K | $872K | 0.2% |
Housing Supply in Maspeth, NY
How many homes are available in Maspeth, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 149 | +9.6% |
Summary: The Maspeth real estate market had 149 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 26 | +13.0% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 32 | 41 | +28.1% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 39 | 38 | -2.6% |
Summary: The Maspeth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 28.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maspeth, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Maspeth in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for Maspeth, NY
How long does it take to sell a home in Maspeth, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 98 Days | 79 Days | -19.3% |
Summary: Homes in Maspeth had an average of 79 days on market in Oct 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maspeth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Maspeth; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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