Is Queensboro Hill, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Queensboro Hill is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Queensboro Hill was a Neutral Market.

Key Takeaway

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

Housing Prices in Queensboro Hill, NY

How much do homes in Queensboro Hill, NY cost?

Median Sold Price

$998,000

$709/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,500(+2.2%)

Key Takeaway

Homes in Queensboro Hill have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Queensboro Hill was $998,000 in October 2024, up 2.2% from last year, and the median price per square foot was $709.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $720K$705K
-2.1%
2 $766K$915K
+19.5%
3 $990K$937K
-5.4%
4 $1.3M$1.0M
-21.9%
5+ $1.4M$1.5M
+4.0%

Summary: Queensboro Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 19.5%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Neighborhoods

Kew Gardens Hills
+11.8%
Hillcrest
+4.2%
Queensboro Hill
+2.2%
Fresh Meadows
0.3%
Flushing
-0.1%

Housing Supply in Queensboro Hill, NY

How many homes are available in Queensboro Hill, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5054+8.0%

Summary: The Queensboro Hill real estate market had 54 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 46
+50.0%
2 2526
+4.0%
3 710
+42.9%
4 22
0.0%
5+ 1210
-16.7%

Summary: The Queensboro Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queensboro Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Queensboro Hill in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Queensboro Hill, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days48 Days-24.0%

Summary: Homes in Queensboro Hill had an average of 48 days on market in Oct 2024, down by 24% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Queensboro Hill has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Queensboro Hill; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Queensboro Hill, NY

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