$7,351 Closing Credit*
$619,000
1,350 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Rlty Landmark
Is Rego Park, 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, Rego Park was a Neutral 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
$422,833
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,958(+7.9%)
Key Takeaway
Homes in Rego Park have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Rego Park was $422,833 in October 2024, up 7.9% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304K | $300K | -1.3% |
| 2 Bedrooms | $436.5K | $485K | +11.1% |
| 3 Bedrooms | $790K | $820K | +3.8% |
| 4 Bedrooms | $1.2M | $1.1M | -6.3% |
| 5+ Bedrooms | $1.2M | $1.2M | -5.1% |
Summary: Rego Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Rego Park | $391.8K | $422.8K | +7.9% |
| Middle Village | $880K | $866.6K | -1.5% |
| Forest Hills | $480K | $443.4K | -7.6% |
Housing Supply in Rego Park, NY
How many homes are available in Rego Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 315 | 334 | +6.0% |
Summary: The Rego Park real estate market had 334 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 161 | 168 | +4.3% |
| 2 Bedrooms | 103 | 107 | +3.9% |
| 3 Bedrooms | 38 | 44 | +15.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Rego Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 29 | +52.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 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. 72.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Rego Park in October 2024, up by 52.6% month-over-month. Of the 29 sold homes, 72% were sold under asking, 7% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 147 Days | 155 Days | +5.8% |
Summary: Homes in Rego Park had an average of 155 days on market in Oct 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rego Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 29 homes were sold in Rego Park; 3% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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