$2,316 Closing Credit*
$195,000
530 SqFt
Studio
•1 Full Bath
Listing Office: Wagner & Kelly Inc
Is Maspeth, 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, Maspeth was a Seller'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
$875,000
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+2.3%)
Key Takeaway
Homes in Maspeth have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Maspeth was $875,000 in November 2024, up 2.3% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $460K | +48.4% |
| 2 Bedrooms | $518K | $695K | +34.2% |
| 3 Bedrooms | $837K | $860K | +2.7% |
| 4 Bedrooms | $990K | $990K | 0.0% |
| 5+ Bedrooms | $1.1M | $1.3M | +16.3% |
Summary: Maspeth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 34.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Sunnyside | $612.5K | $777.6K | +27.0% |
| Northwestern Queens | $657.3K | $756.7K | +15.1% |
| Blissville | $1.0M | $1.1M | +5.2% |
| Maspeth | $855K | $875K | +2.3% |
| Woodside | $430K | $410K | -4.7% |
Housing Supply in Maspeth, NY
How many homes are available in Maspeth, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 144 | 150 | +4.2% |
Summary: The Maspeth real estate market had 150 homes for sale in November 2024, a 4.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 31 | +6.9% |
| 2 Bedrooms | 31 | 32 | +3.2% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 33 | 36 | +9.1% |
Summary: The Maspeth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maspeth, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Maspeth in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 51 Days | -21.1% |
Summary: Homes in Maspeth had an average of 51 days on market in Nov 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Maspeth has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Maspeth; 13% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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