$9,249 Closing Credit*
$778,888
1,796 SqFt
3 Beds
•2 Full Baths, 1 Partial
#488198, Listing Office: Lombardo Homes & Estates
Is Southwestern Queens, 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, Southwestern Queens has remained a Buyer's Market.
Key Takeaway
Southwestern Queens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwestern Queens, NY
How much do homes in Southwestern Queens, NY cost?
Median Sold Price
$724,944
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,944(+5.5%)
Key Takeaway
Homes in Southwestern Queens have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Southwestern Queens was $724,944 in November 2024, up 5.5% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $207K | +3.5% |
| 2 Bedrooms | $335K | $340K | +1.5% |
| 3 Bedrooms | $659K | $671.2K | +1.9% |
| 4 Bedrooms | $803.5K | $820K | +2.1% |
| 5+ Bedrooms | $955K | $971.7K | +1.8% |
Summary: Southwestern Queens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Howard Beach | $485.5K | $822.5K | +69.4% |
| Southwestern Queens | $687K | $724.9K | +5.5% |
| Old Howard Beach | $819.8K | $845K | +3.1% |
| Ozone Park | $740K | $730K | -1.4% |
| Lindenwood | $285K | $270K | -5.3% |
Housing Supply in Southwestern Queens, NY
How many homes are available in Southwestern Queens, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 733 | 710 | -3.1% |
Summary: The Southwestern Queens real estate market had 710 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 48 | 51 | +6.3% |
| 2 Bedrooms | 101 | 102 | +1.0% |
| 3 Bedrooms | 228 | 213 | -6.6% |
| 4 Bedrooms | 139 | 136 | -2.2% |
| 5+ Bedrooms | 217 | 208 | -4.1% |
Summary: The Southwestern Queens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 4.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 62 | -34.7% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwestern Queens, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Southwestern Queens in November 2024, down by 34.7% month-over-month. Of the 62 sold homes, 68% were sold under asking, 6% were sold at asking, and 26% were sold over asking.
Days on Market for Southwestern Queens, NY
How long does it take to sell a home in Southwestern Queens, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 86 Days | -17.3% |
Summary: Homes in Southwestern Queens had an average of 86 days on market in Nov 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southwestern Queens has remained consistent over time.
Summary: During November 2024, 62 homes were sold in Southwestern Queens; 26% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 24% 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. 
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