$100,000
0.04 Acres
Land
Listing Office: Mitra Hakimi Realty Group LLC
Is Springfield Gardens, 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, Springfield Gardens was a Neutral Market.
Key Takeaway
Springfield Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springfield Gardens, NY
How much do homes in Springfield Gardens, NY cost?
Median Sold Price
$698,000
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$92,000(-11.6%)
Key Takeaway
Homes in Springfield Gardens have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Springfield Gardens was $698,000 in October 2024, down 11.6% from last year, and the median price per square foot was $465.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $187K | N/A |
| 2 Bedrooms | $465K | $561.2K | +20.7% |
| 3 Bedrooms | $745K | $650K | -12.8% |
| 4 Bedrooms | $767.5K | $770K | 0.3% |
| 5+ Bedrooms | $915K | $962.5K | +5.2% |
Summary: Springfield Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Queens | $650K | $680.7K | +4.7% |
| Rochdale | $691.4K | $710K | +2.7% |
| Locust Manor | $650K | $653K | 0.5% |
| Brookville | $705K | $700K | -0.7% |
| Springfield Gardens | $790K | $698K | -11.6% |
Housing Supply in Springfield Gardens, NY
How many homes are available in Springfield Gardens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 74 | +12.1% |
Summary: The Springfield Gardens real estate market had 74 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The Springfield Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Gardens, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Springfield Gardens in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Springfield Gardens, NY
How long does it take to sell a home in Springfield Gardens, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 995 Days | +810.1% |
Summary: Homes in Springfield Gardens had an average of 995 days on market in Oct 2024, up by 810.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Gardens are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Springfield Gardens; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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. 
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