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

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Housing Prices in Hollis, NY

How much do homes in Hollis, NY cost?

Housing Market Conditions

Is Hollis, 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

Hollis is a Buyer's Market

Difference Since January 2024

At the same time last year, Hollis was a Neutral Market.

Insight

Hollis 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.
$727,500$485/SqFt
-$2,500
-0.3%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Hollis has remained the same since last year.

Summary: The median home sold price in Hollis was $727,500 in January 2025, down 0.3% from last year, and the median price per square foot was $485.

Median Sold Price By City

Median Sold Price By City
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
Jamaica Estates
+9.6%
Saint Albans
+3.7%
Hollis
-0.3%

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.
BedsJan 2024Jan 2025Change YoY
1$165K$170K
+3.0%
2$240K$245K
+2.1%
3$660K$690K
+4.5%
4$770K$776.2K
+0.8%
5$896K$972K
+8.5%

Summary: Hollis housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.0%. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +4.5%. The home price for 4 bedroom homes increased by +0.8%. The home price for 5 bedroom homes increased by +8.5%.

Housing supply in Hollis, NY

How many homes are available in Hollis, 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
63Last MonthJan 2025
692 months agoDec 2024
-8.7 %
Change MoMDec – Jan

Summary: The Hollis real estate market had 63 homes for sale in Jan 2025, a 8.7 % 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
4Last MonthJan 2025
132 months agoDec 2024
-69.2 %
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
123
+50.0%
256
+20.0%
32821
-25.0%
41715
-11.8%
51718
+5.9%

Summary: Hollis housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes decreased by -11.8%. The inventory for 5 bedroom homes increased by +5.9%.

Asking Price vs. Sold Price

How much do homes in Hollis, 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 Price2 Homes

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Hollis, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Hollis in January 2025, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Hollis, NY

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

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

Summary: During January 2025, 4 homes were sold in Hollis; 25% of homes were sold within 30 days, 25% 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
91 DaysThis YearJan 2025
116 Days1 year agoJan 2024
-22.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Hollis had an average listing age of 91 days in Jan 2025, down by 22.0% compared to the previous year.

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Newest Listings in Hollis, NY

What homes are available in Hollis, NY?

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Nearby markets

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Based on information from OneKey MLS, Brooklyn MLS, and Real Estate Board of New York for the period 02/01/2023 - 02/01/2025

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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, 9:11:49 AM 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: 2/3/2025, 9:20:49 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: 2/3/2025, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.