11421 Housing Market Report February 2025•Queens County, New York

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Housing Prices in 11421, NY

How much do homes in 11421, NY cost?

Housing Market Conditions

Is 11421, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

11421 is a Buyer's Market

Difference Since February 2024

Since last year, 11421 has remained a Buyer's Market.

Insight

11421 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$710,000$461/SqFt
+$11,000
+1.6%

Based on all homes sold in the last 12 months

Insight

Homes in 11421 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 11421 was $710,000 in February 2025, up 1.6% from last year, and the median price per square foot was $461.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
11385
+4.2%
11418
+2.9%
11421
+1.6%
11375
-0.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$185K$190K
+2.7%
2$250K$275K
+10.0%
3$597.5K$650K
+8.8%
4$709K$815K
+15.0%
5$900K$972.5K
+8.1%

Summary: 11421 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.7%. The home price for 2 bedroom homes increased by +10.0%. The home price for 3 bedroom homes increased by +8.8%. The home price for 4 bedroom homes increased by +15.0%. The home price for 5 bedroom homes increased by +8.1%.

Housing supply in 11421, NY

How many homes are available in 11421, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
87Last MonthFeb 2025
872 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The 11421 real estate market had 87 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthFeb 2025
102 months agoJan 2025
-40.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
178
+14.3%
21611
-31.3%
32221
-4.5%
41216
+33.3%
53031
+3.3%

Summary: 11421 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +14.3%. The inventory for 2 bedroom homes decreased by -31.3%. The inventory for 3 bedroom homes decreased by -4.5%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +3.3%.

Asking Price vs. Sold Price

How much do homes in 11421, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price5 Homes

Insight

If you're buying a home in 11421, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 11421 in February 2025, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and and 17% were sold over asking.

Days on Market for 11421, NY

How long does it take to sell a home in 11421, NY?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

Most homes in 11421 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 6 homes were sold in 11421; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
93 DaysThis YearFeb 2025
85 Days1 year agoFeb 2024
+9.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 11421 had an average listing age of 93 days in Feb 2025, up by 9.8% compared to the previous year.

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Newest Listings in 11421, NY

What homes are available in 11421, NY?

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, Brooklyn MLS, and Real Estate Board of New York for the period 03/01/2023 - 03/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

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IDXThe 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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/9/2025, 11:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/10/2025, 3:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/10/2025, 3:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.