New - 3 days on Rocket
$7,066 Closing Credit¹
#831998, Listing Office: RE/MAX Team
Bay Terrace Housing Market Report February 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 Buyer's Market
Difference Since February 2024
Since last year, Bay Terrace has remained a Buyer's Market.
Insight
Bay Terrace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$625,000$616/SqFt
+$110,000
+21.4%
Based on all homes sold in the last 12 months
Insight
Homes in Bay Terrace have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Bay Terrace was $625,000 in February 2025, up 21.4% from last year, and the median price per square foot was $616.
Median Sold Price By Neighborhoods
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Bayside | $533.3K | $845K | +58.4% |
| Bay Terrace | $515K | $625K | +21.4% |
| Northeastern Queens | $696.4K | $732.9K | +5.2% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $475K | $508K | +6.9% |
| 22 Bedrooms | $565K | $680K | +20.4% |
| 33 Bedrooms | $735K | $772K | +5.0% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | $1.7M | $1.5M | -10.1% |
Summary: Bay Terrace housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +6.9%. The home price for 2 bedroom homes increased by +20.4%. The home price for 3 bedroom homes increased by +5.0%. 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 |
|---|---|---|
| 59Last MonthFeb 2025 | ||
| 602 months agoJan 2025 | -1.7 % Change MoMJan – Feb |
Summary: The Bay Terrace real estate market had 59 homes for sale in Feb 2025, a 1.7 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthFeb 2025 | ||
| 102 months agoJan 2025 | -50.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 24 | 22 | -8.3% |
| 22 Bedrooms | 24 | 25 | +4.2% |
| 33 Bedrooms | 11 | 12 | +9.1% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 1 | 0 | -100.0% |
Summary: Bay Terrace housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -8.3%. The inventory for 2 bedroom homes increased by +4.2%. The inventory for 3 bedroom homes increased by +9.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Bay Terrace, NY cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price5 Homes
Insight
If you're buying a home in Bay Terrace, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bay Terrace in February 2025, down by 50.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% 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 Days1 Home
Over 90 Days4 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 February 2025, 5 homes were sold in Bay Terrace; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 154 DaysThis YearFeb 2025 | ||
| 99 Days1 year agoFeb 2024 | +55.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Bay Terrace had an average listing age of 154 days in Feb 2025, up by 55.2% 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
$10,000 Closing Credit¹
#830038, Listing Office: Douglas Elliman Real Estate
New - 5 days on Rocket
$4,156 Closing Credit¹
#831287, Listing Office: M November Realty Inc
$10,000 Closing Credit¹
#829881, Listing Office: Voro LLC
$5,926 Closing Credit¹
#829649, Listing Office: Signature Premier Properties
$7,422 Closing Credit¹
#829447, Listing Office: Winzone Realty Inc
$6,519 Closing Credit¹
#829150, Listing Office: Agranoff Real Estate
$7,588 Closing Credit¹
#828756, Listing Office: E Realty International Corp
$3,741 Closing Credit¹
#826231, Listing Office: Queens Quality Management
$9,726 Closing Credit¹
#826414, Listing Office: Keller Williams Rlty Landmark
$8,883 Closing Credit¹
#826382, Listing Office: Signature Premier Properties
$6,864 Closing Credit¹
#819997, Listing Office: Century 21 Bay Benjamin
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, and Real Estate Board of New York for the period 03/01/2023 - 03/01/2025
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: 3/10/2025, 11:11:55 AM 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: 3/10/2025, 11:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.