$2,791 Closing Credit*
$235,000
1 Bed
•1 Full Bath
Listing Office: ERA/Top Service Realty Inc
Is Northwestern 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, Northwestern Queens was a Neutral Market.
Key Takeaway
Northwestern Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwestern Queens, NY
How much do homes in Northwestern Queens, NY cost?
Median Sold Price
$762,668
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$61,501(+8.8%)
Key Takeaway
Homes in Northwestern Queens have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Northwestern Queens was $762,668 in October 2024, up 8.8% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350.3K | $338.7K | -3.3% |
| 2 Bedrooms | $510K | $560.5K | +9.9% |
| 3 Bedrooms | $865K | $876K | +1.3% |
| 4 Bedrooms | $1.0M | $1.1M | +4.5% |
| 5+ Bedrooms | $1.2M | $1.2M | +1.2% |
Summary: Northwestern Queens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Jackson Heights | $438.2K | $498.2K | +13.7% |
| Northwestern Queens | $701.1K | $762.6K | +8.8% |
| Woodside | $430K | $440K | +2.3% |
| Maspeth | $870K | $872K | 0.2% |
Housing Supply in Northwestern Queens, NY
How many homes are available in Northwestern Queens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,551 | 2,701 | +5.9% |
Summary: The Northwestern Queens real estate market had 2,701 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 851 | 882 | +3.6% |
| 2 Bedrooms | 627 | 661 | +5.4% |
| 3 Bedrooms | 378 | 406 | +7.4% |
| 4 Bedrooms | 183 | 198 | +8.2% |
| 5+ Bedrooms | 512 | 554 | +8.2% |
Summary: The Northwestern Queens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 221 | 215 | -2.7% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwestern Queens, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 215 homes were sold or pending in Northwestern Queens in October 2024, down by 2.7% month-over-month. Of the 215 sold homes, 59% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Northwestern Queens, NY
How long does it take to sell a home in Northwestern Queens, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 104 Days | 90 Days | -13.4% |
Summary: Homes in Northwestern Queens had an average of 90 days on market in Oct 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
77 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northwestern Queens has remained consistent over time.
Summary: During October 2024, 215 homes were sold in Northwestern Queens; 21% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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