Is Sunnyside, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunnyside is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Sunnyside was a Seller's Market.

Key Takeaway

Sunnyside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sunnyside, NY

How much do homes in Sunnyside, NY cost?

Median Sold Price

$762,200

$879/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$62,200(+8.9%)

Key Takeaway

Homes in Sunnyside have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Sunnyside was $762,200 in October 2024, up 8.9% from last year, and the median price per square foot was $879.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $380K$407.5K
+7.2%
2 $573K$1.1M
+105.5%
3 $950K$1.1M
+21.1%
4 $1.0M$1.4M
+37.4%
5+ $1.4M$1.4M
+0.6%

Summary: Sunnyside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 105.5%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 37.4%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Neighborhoods

Long Island City
+12.7%
Sunnyside
+8.9%
Northwestern Queens
+8.8%
Woodside
+2.3%
Maspeth
0.2%

Housing Supply in Sunnyside, NY

How many homes are available in Sunnyside, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
113112-0.9%

Summary: The Sunnyside real estate market had 112 homes for sale in October 2024, a 0.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5448
-11.1%
2 2329
+26.1%
3 1012
+20.0%
4 54
-20.0%
5+ 2119
-9.5%

Summary: The Sunnyside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunnyside, 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 Sunnyside in October 2024, the same as the previous month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.

Days on Market for Sunnyside, NY

How long does it take to sell a home in Sunnyside, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days72 Days-3.4%

Summary: Homes in Sunnyside had an average of 72 days on market in Oct 2024, down by 3.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sunnyside has remained consistent over time.

Summary: During October 2024, 13 homes were sold in Sunnyside; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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