$5,213 Closing Credit*
$439,000
950 SqFt
2 Beds
•1 Full Bath
Listing Office: EXP Realty
Is Rego Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Rego Park has remained a Buyer's Market.
Key Takeaway
Rego Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rego Park, NY
How much do homes in Rego Park, NY cost?
Median Sold Price
$413,333
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,333(+6.0%)
Key Takeaway
Homes in Rego Park have sold for 6% more than they did a year ago.
Summary: The median home sold price in Rego Park was $413,333 in November 2024, up 6% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $300K | 0.0% |
| 2 Bedrooms | $428K | $475K | +11.0% |
| 3 Bedrooms | $830K | $800K | -3.6% |
| 4 Bedrooms | $1.1M | $1.2M | +13.1% |
| 5+ Bedrooms | $1.3M | $1.2M | -5.8% |
Summary: Rego Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Rego Park | $390K | $413.3K | +6.0% |
| Middle Village | $865K | $875K | +1.2% |
| Forest Hills | $449.7K | $450K | 0.1% |
Housing Supply in Rego Park, NY
How many homes are available in Rego Park, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 309 | 315 | +1.9% |
Summary: The Rego Park real estate market had 315 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 153 | 156 | +2.0% |
| 2 Bedrooms | 99 | 101 | +2.0% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Rego Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 18 | -37.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rego Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Rego Park in November 2024, down by 37.9% month-over-month. Of the 18 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Rego Park, NY
How long does it take to sell a home in Rego Park, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 150 Days | 99 Days | -33.8% |
Summary: Homes in Rego Park had an average of 99 days on market in Nov 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rego Park has remained consistent over time.
Summary: During November 2024, 18 homes were sold in Rego Park; 17% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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