$8,609 Closing Credit*
$725,000
1,411 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: REO Edge LLC
Is Southwestern Queens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$720,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+4.0%)
Key Takeaway
Homes in Southwestern Queens have sold for 4% more than they did a year ago.
Summary: The median home sold price in Southwestern Queens was $720,000 in October 2024, up 4% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $207K | +3.5% |
| 2 Bedrooms | $309K | $355K | +14.9% |
| 3 Bedrooms | $663.3K | $670K | +1.0% |
| 4 Bedrooms | $805K | $820K | +1.9% |
| 5+ Bedrooms | $956K | $973.5K | +1.8% |
Summary: Southwestern Queens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Howard Beach | $472.7K | $825K | +74.5% |
| Southwestern Queens | $692K | $720K | +4.0% |
| Lindenwood | $273.5K | $270K | -1.3% |
| Ozone Park | $749K | $720K | -3.9% |
Housing Supply in Southwestern Queens, NY
How many homes are available in Southwestern Queens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 737 | 789 | +7.1% |
Summary: The Southwestern Queens real estate market had 789 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 48 | -7.7% |
| 2 Bedrooms | 92 | 107 | +16.3% |
| 3 Bedrooms | 218 | 243 | +11.5% |
| 4 Bedrooms | 146 | 152 | +4.1% |
| 5+ Bedrooms | 229 | 239 | +4.4% |
Summary: The Southwestern Queens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 84 | +27.3% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 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. 70.2% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Southwestern Queens in October 2024, up by 27.3% month-over-month. Of the 84 sold homes, 70% were sold under asking, 8% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 94 Days | +9.2% |
Summary: Homes in Southwestern Queens had an average of 94 days on market in Oct 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southwestern Queens has remained consistent over time.
Summary: During October 2024, 84 homes were sold in Southwestern Queens; 24% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 33% 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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