Jamaica Housing Market Report December 2024•Queens County, New York

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Housing Prices in Jamaica, NY

How much do homes in Jamaica, NY cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$749,950$466/SqFt
+$34,950
+4.9%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Jamaica has increased by 4.9% since last year.

Summary: The median home list price in Jamaica was $749,950 in December 2024, up 4.9% from the previous year, and the median price per square foot was $466.

Median List Price By City

Median List 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
+15.6%
Jamaica
+4.9%
Southeastern Queens
+4.6%
Hollis
-1.1%
Jamaica Hills
-38.0%

Median List Price By Bedrooms

Median List 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 2023Dec 2024Change YoY
1$177K$184K
+4.0%
2$487K$344K
-29.4%
3$649.4K$699K
+7.6%
4$783.9K$839.4K
+7.1%
5$949.5K$1.0M
+8.0%

Summary: Jamaica housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +4.0%. The home price for 2 bedroom homes decreased by -29.4%. The home price for 3 bedroom homes increased by +7.6%. The home price for 4 bedroom homes increased by +7.1%. The home price for 5 bedroom homes increased by +8.0%.

Housing supply in Jamaica, NY

How many homes are available in Jamaica, 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
139Last MonthDec 2024
1362 months agoNov 2024
+2.2 %
Change MoMNov – Dec

Summary: The Jamaica real estate market had 139 homes for sale in Dec 2024, a 2.2 % increase compared to Nov 2024.

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.
BedsNov 2024Dec 2024Change MoM
11415
+7.1%
21617
+6.3%
33130
-3.2%
42422
-8.3%
55155
+7.8%

Summary: Jamaica housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +7.1%. The inventory for 2 bedroom homes increased by +6.3%. The inventory for 3 bedroom homes decreased by -3.2%. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes increased by +7.8%.

Asking Price vs. Sold Price

How much do homes in Jamaica, 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 Price3 Homes

Insight

If you're buying a home in Jamaica, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Jamaica in December 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.

Days on Market for Jamaica, NY

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Jamaica are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Jamaica; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
180 DaysThis YearDec 2024
255 Days1 year agoDec 2023
-29.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Jamaica had an average listing age of 180 days in Dec 2024, down by 29.2% compared to the previous year.

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Newest Listings in Jamaica, NY

What homes are available in Jamaica, NY?

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Nearby markets

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MLS Disclaimers and Copyright

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

IDX 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.

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: 1/24/2025, 1:11:50 PM 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: 1/24/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

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: 1/24/2025, 1:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.