New - 1 hour on Rocket
$7,113 Closing Credit¹
#817964, Listing Office: Coldwell Banker American Homes
Bay Terrace Housing Market Report January 2025•Queens County, New York
Housing Prices in Bay Terrace, NY
How much do homes in Bay Terrace, NY cost?
Housing Market Conditions
Is Bay Terrace, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Bay Terrace is a Neutral Market
Difference Since January 2024
Since last year, Bay Terrace has remained a Neutral Market.
Insight
Bay Terrace is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$625,000$623/SqFt
+$102,500
+19.6%
Based on all homes sold in the last 12 months
Insight
Homes in Bay Terrace have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Bay Terrace was $625,000 in January 2025, up 19.6% from last year, and the median price per square foot was $623.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Bayside | $525K | $845K | +61.0% |
| Bay Terrace | $522.5K | $625K | +19.6% |
| Northeastern Queens | $691.1K | $731.7K | +5.9% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $470K | $497K | +5.7% |
| 22 Bedrooms | $599.7K | $680K | +13.4% |
| 33 Bedrooms | $735K | $779K | +6.0% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | $1.7M | $1.5M | -10.1% |
Summary: Bay Terrace housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.7%. The home price for 2 bedroom homes increased by +13.4%. The home price for 3 bedroom homes increased by +6.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -10.1%.
Housing supply in Bay Terrace, NY
How many homes are available in Bay Terrace, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 63Last MonthJan 2025 | ||
| 542 months agoDec 2024 | +16.7 % Change MoMDec – Jan |
Summary: The Bay Terrace real estate market had 63 homes for sale in Jan 2025, a 16.7 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthJan 2025 | ||
| 22 months agoDec 2024 | +350.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 19 | 25 | +31.6% |
| 22 Bedrooms | 24 | 25 | +4.2% |
| 33 Bedrooms | 8 | 11 | +37.5% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: Bay Terrace housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +31.6%. The inventory for 2 bedroom homes increased by +4.2%. The inventory for 3 bedroom homes increased by +37.5%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in Bay Terrace, NY cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price8 Homes
Insight
If you're buying a home in Bay Terrace, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bay Terrace in January 2025, up by 350.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and and 11% were sold over asking.
Days on Market for Bay Terrace, NY
How long does it take to sell a home in Bay Terrace, NY?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days4 Homes
Over 90 Days5 Homes
Insight
Most homes in Bay Terrace are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 9 homes were sold in Bay Terrace; 0% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 114 DaysThis YearJan 2025 | ||
| 99 Days1 year agoJan 2024 | +15.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Bay Terrace had an average listing age of 114 days in Jan 2025, up by 15.4% compared to the previous year.
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Newest Listings in Bay Terrace, NY
What homes are available in Bay Terrace, NY?
New - 4 days on Rocket
$8,538 Closing Credit¹
#817921, Listing Office: Midas Realty
New - 5 days on Rocket
$10,000 Closing Credit¹
#818671, Listing Office: Midas Realty
New - 5 days on Rocket
$3,800 Closing Credit¹
#818343, Listing Office: Century 21 Bay Benjamin
$6,163 Closing Credit¹
#RLS11030158, SHERYL FINE, Listing Office: Laffey Real Estate NYC LLC
$9,358 Closing Credit¹
#815492, Listing Office: E Realty International Corp
$6,163 Closing Credit¹
#813949, Listing Office: LAFFEY REAL ESTATE
$6,887 Closing Credit¹
#813704, Listing Office: Keller Williams Rlty Landmark
$6,116 Closing Credit¹
#811511, Listing Office: BERKSHIRE HATHAWAY
$3,432 Closing Credit¹
#809643, Listing Office: Julia Xelas Realty
$7,826 Closing Credit¹
#809203, Listing Office: Agranoff Real Estate
$6,947 Closing Credit¹
#805919, Listing Office: Midas Realty
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, and Real Estate Board of New York for the period 02/01/2023 - 02/01/2025
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. 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: 2/3/2025, 5:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
©2025 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 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: 2/3/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.