$5,926 Closing Credit*
$499,000
2 Beds
•1 Full Bath
Listing Office: Compass Greater NY LLC
Is Northeastern Queens, 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, 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
$741,297
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,199(+3.2%)
Key Takeaway
Homes in Northeastern Queens have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Northeastern Queens was $741,297 in October 2024, up 3.2% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $290.5K | +5.6% |
| 2 Bedrooms | $374.7K | $408.2K | +8.9% |
| 3 Bedrooms | $872.1K | $900K | +3.2% |
| 4 Bedrooms | $997K | $1.0M | +0.9% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.1% |
Summary: Northeastern Queens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Bay Terrace | $555K | $605K | +9.0% |
| Northeastern Queens | $718K | $741.2K | +3.2% |
| Auburndale | $905K | $920K | +1.7% |
| Beechhurst | $669.5K | $670K | 0.1% |
| Whitestone | $890K | $860K | -3.4% |
Housing Supply in Northeastern Queens, NY
How many homes are available in Northeastern Queens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,387 | 2,516 | +5.4% |
Summary: The Northeastern Queens real estate market had 2,516 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 570 | 597 | +4.7% |
| 2 Bedrooms | 655 | 694 | +6.0% |
| 3 Bedrooms | 489 | 502 | +2.7% |
| 4 Bedrooms | 323 | 339 | +5.0% |
| 5+ Bedrooms | 350 | 384 | +9.7% |
Summary: The Northeastern Queens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 275 | 266 | -3.3% |
Asking Price vs. Sold Price
189 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
54 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. 71.1% of homes here sold below asking price last month.
Summary: A total of 266 homes were sold or pending in Northeastern Queens in October 2024, down by 3.3% month-over-month. Of the 266 sold homes, 71% were sold under asking, 9% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 78 Days | -5.5% |
Summary: Homes in Northeastern Queens had an average of 78 days on market in Oct 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
82 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northeastern Queens has remained consistent over time.
Summary: During October 2024, 266 homes were sold in Northeastern Queens; 30% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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