Arverne Housing Market Report January 2025•Queens County, New York

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Housing Prices in Arverne, NY

How much do homes in Arverne, NY cost?

Housing Market Conditions

Is Arverne, 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

Arverne is a Buyer's Market

Difference Since December 2024

Last month, Arverne was a Neutral Market.

Insight

Arverne 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.
$650,000$175/SqFt
-$325,000
-33.3%

Based on all homes sold in January 2025

Insight

Homes in Arverne have sold for 33.3% less than they did a month ago.

Summary: The median home sold price in Arverne was $650,000 in January 2025, down 33.3% from last month, and the median price per square foot was $175.

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.
BedsDec 2024Jan 2025Change YoY
1-$75K
N/A
2$345K-
N/A
3-$650K
N/A
4$1.2M$700K
-41.7%
5$930K-
N/A

Summary: Arverne housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -41.7%. The home price for 5 bedroom homes did not change.

Housing supply in Arverne, NY

How many homes are available in Arverne, 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
37Last MonthJan 2025
462 months agoDec 2024
-19.6 %
Change MoMDec – Jan

Summary: The Arverne real estate market had 37 homes for sale in Jan 2025, a 19.6 % decrease compared to Dec 2024.

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
3Last MonthJan 2025
72 months agoDec 2024
-57.1 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
144
0.0%
243
-25.0%
353
-40.0%
496
-33.3%
52421
-12.5%

Summary: Arverne housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -40.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes decreased by -12.5%.

Asking Price vs. Sold Price

How much do homes in Arverne, 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 Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Arverne, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Arverne in January 2025, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for Arverne, NY

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

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

Summary: During January 2025, 3 homes were sold in Arverne; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.
Last Month1 month agoChange MoM
285 DaysLast MonthJan 2025
109 Days1 month agoDec 2024
+161.5 %
Change MoMDec – Jan

Summary: Homes in Arverne had an average listing age of 285 days in Jan 2025, up by 161.5% compared to the previous month.

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Newest Listings in Arverne, NY

What homes are available in Arverne, NY?

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Based on information from OneKey MLS, Brooklyn MLS, and Real Estate Board of New York for the period 12/01/2024 - 02/01/2025

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Last updated on: 2/9/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 2/10/2025, 2:20:47 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: 2/10/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.