$5,224 Closing Credit*
$439,900
1,440 SqFt
3 Beds
•2 Full Baths
Listing Office: REALHome Services & Solutions
Is South Jamaica, 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, South Jamaica has remained a Buyer's Market.
Key Takeaway
South Jamaica is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Jamaica, NY
How much do homes in South Jamaica, NY cost?
Median Sold Price
$695,000
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+7.3%)
Key Takeaway
Homes in South Jamaica have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in South Jamaica was $695,000 in November 2024, up 7.3% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $193K | +30.8% |
| 2 Bedrooms | $507.5K | $556K | +9.6% |
| 3 Bedrooms | $610K | $660K | +8.2% |
| 4 Bedrooms | $720K | $735K | +2.1% |
| 5+ Bedrooms | $962.5K | $940K | -2.3% |
Summary: South Jamaica housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Jamaica | $647.5K | $695K | +7.3% |
| South Ozone Park | $692.5K | $735.5K | +6.2% |
| Southeastern Queens | $650K | $680.9K | +4.8% |
| Rochdale | $684.5K | $710K | +3.7% |
| Locust Manor | $650K | $660K | +1.5% |
Housing Supply in South Jamaica, NY
How many homes are available in South Jamaica, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 164 | 168 | +2.4% |
Summary: The South Jamaica real estate market had 168 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 35 | 32 | -8.6% |
| 3 Bedrooms | 65 | 66 | +1.5% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 38 | 42 | +10.5% |
Summary: The South Jamaica housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Jamaica, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in South Jamaica in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for South Jamaica, NY
How long does it take to sell a home in South Jamaica, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 48 Days | -57.6% |
Summary: Homes in South Jamaica had an average of 48 days on market in Nov 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Jamaica are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in South Jamaica; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.