$4,144 Closing Credit*
$349,000
900 SqFt
2 Beds
•1 Full Bath
Listing Office: Douglas Elliman Real Estate
Is Northeastern Queens, 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, Northeastern Queens was a Neutral Market.
Key Takeaway
Northeastern Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeastern Queens, NY
How much do homes in Northeastern Queens, NY cost?
Median Sold Price
$723,731
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,605(+4.7%)
Key Takeaway
Homes in Northeastern Queens have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Northeastern Queens was $723,731 in November 2024, up 4.7% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.6K | $290K | +5.6% |
| 2 Bedrooms | $372.9K | $401K | +7.5% |
| 3 Bedrooms | $866.8K | $907.1K | +4.6% |
| 4 Bedrooms | $998K | $999K | 0.1% |
| 5+ Bedrooms | $1.3M | $1.3M | +0.8% |
Summary: Northeastern Queens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Bay Terrace | $525K | $605K | +15.2% |
| Auburndale | $873.3K | $920K | +5.3% |
| Northeastern Queens | $691.1K | $723.7K | +4.7% |
| Whitestone | $895K | $833.9K | -6.8% |
| Beechhurst | $632.5K | $585.5K | -7.4% |
Housing Supply in Northeastern Queens, NY
How many homes are available in Northeastern Queens, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,368 | 2,338 | -1.3% |
Summary: The Northeastern Queens real estate market had 2,338 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 576 | 577 | 0.2% |
| 2 Bedrooms | 650 | 661 | +1.7% |
| 3 Bedrooms | 487 | 448 | -8.0% |
| 4 Bedrooms | 316 | 302 | -4.4% |
| 5+ Bedrooms | 339 | 350 | +3.2% |
Summary: The Northeastern Queens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 293 | 235 | -19.8% |
Asking Price vs. Sold Price
163 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeastern Queens, you may be able to get a good deal. 69.4% of homes here sold below asking price last month.
Summary: A total of 235 homes were sold or pending in Northeastern Queens in November 2024, down by 19.8% month-over-month. Of the 235 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for Northeastern Queens, NY
How long does it take to sell a home in Northeastern Queens, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 79 Days | -6.0% |
Summary: Homes in Northeastern Queens had an average of 79 days on market in Nov 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
65 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeastern Queens are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 235 homes were sold in Northeastern Queens; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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