Queens Housing Market Report February 2025•Queens County, New York

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Housing Prices in Queens, NY

How much do homes in Queens, NY cost?

Housing Market Conditions

Is Queens, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Queens is a Buyer's Market

Difference Since February 2024

Since last year, Queens has remained a Buyer's Market.

Insight

Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$716,312$524/SqFt
+$46,090
+6.9%

Based on all homes sold in the last 12 months

Insight

Homes in Queens have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Queens was $716,312 in February 2025, up 6.9% from last year, and the median price per square foot was $524.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Valley Stream
+9.9%
Queens
+6.9%
Bellerose
+6.8%
New York
+3.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$304.1K$310K
+1.9%
2$432.6K$468.9K
+8.4%
3$749.9K$783K
+4.4%
4$890K$919.1K
+3.3%
5$1.1M$1.1M
+5.6%

Summary: Queens housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.9%. The home price for 2 bedroom homes increased by +8.4%. The home price for 3 bedroom homes increased by +4.4%. The home price for 4 bedroom homes increased by +3.3%. The home price for 5 bedroom homes increased by +5.6%.

How does Queens, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Queens, NY

Housing supply in Queens, NY

How many homes are available in Queens, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5,621Last MonthFeb 2025
5,8812 months agoJan 2025
-4.4 %
Change MoMJan – Feb

Summary: The Queens real estate market had 5,621 homes for sale in Feb 2025, a 4.4 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
500Last MonthFeb 2025
7142 months agoJan 2025
-30.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
11,4541,409
-3.1%
21,4511,387
-4.4%
31,2351,119
-9.4%
4682649
-4.8%
51,0591,057
-0.2%

Summary: Queens housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -3.1%. The inventory for 2 bedroom homes decreased by -4.4%. The inventory for 3 bedroom homes decreased by -9.4%. The inventory for 4 bedroom homes decreased by -4.8%. The inventory for 5 bedroom homes decreased by -0.2%.

Asking Price vs. Sold Price

How much do homes in Queens, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price108 Homes

At Asking Price77 Homes

Under Asking Price315 Homes

Insight

If you're buying a home in Queens, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 500 homes were sold or pending in Queens in February 2025, down by 30.0% month-over-month. Of the 500 sold homes, 63% were sold under asking, 15% were sold at asking, and and 22% were sold over asking.

Days on Market for Queens, NY

How long does it take to sell a home in Queens, NY?

Breakdown of Home Sale Times

Under 30 Days125 Homes

30 – 90 Days168 Homes

Over 90 Days198 Homes

Insight

Most homes in Queens are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 500 homes were sold in Queens; 25% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
85 DaysThis YearFeb 2025
94 Days1 year agoFeb 2024
-9.1 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Queens had an average listing age of 85 days in Feb 2025, down by 9.1% compared to the previous year.

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Newest Listings in Queens, NY

What homes are available in Queens, NY?

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Nearby markets

Popular Cities with Homes for Sale in New York

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Last updated on: 4/1/2025, 5:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 4/1/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/1/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.