Kew Gardens Hills Housing Market Report December 2024•Queens County, New York

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Housing Prices in Kew Gardens Hills, NY

How much do homes in Kew Gardens Hills, NY cost?

Housing Market Conditions

Is Kew Gardens Hills, 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

Kew Gardens Hills is a Buyer's Market

Difference Since December 2023

At the same time last year, Kew Gardens Hills was a Neutral Market.

Insight

Kew Gardens Hills 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.
$401,500$416/SqFt
-$13,500
-3.3%

Based on all homes sold in the last 12 months

Insight

Homes in Kew Gardens Hills have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Kew Gardens Hills was $401,500 in December 2024, down 3.3% from last year, and the median price per square foot was $416.

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
Briarwood
+16.7%
Pomonok
+7.0%
Queensboro Hill
+4.5%
Forest Hills
+2.2%
Kew Gardens Hills
-3.3%

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.
BedsDec 2023Dec 2024Change YoY
1$263K$280K
+6.5%
2$368.5K$379K
+2.8%
3$815K$898.8K
+10.3%
4$1.0M$1.0M
0.5%
5$1.2M$1.3M
+5.2%

Summary: Kew Gardens Hills housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +6.5%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes increased by +10.3%. The home price for 4 bedroom homes increased by 0.5%. The home price for 5 bedroom homes increased by +5.2%.

Housing supply in Kew Gardens Hills, NY

How many homes are available in Kew Gardens Hills, 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
229Last MonthDec 2024
2222 months agoNov 2024
+3.2 %
Change MoMNov – Dec

Summary: The Kew Gardens Hills real estate market had 229 homes for sale in Dec 2024, a 3.2 % increase compared to Nov 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
22Last MonthDec 2024
232 months agoNov 2024
-4.3 %
Change MoMNov – Dec

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
17683
+9.2%
27978
-1.3%
33936
-7.7%
41315
+15.4%
51517
+13.3%

Summary: Kew Gardens Hills housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +9.2%. The inventory for 2 bedroom homes decreased by -1.3%. The inventory for 3 bedroom homes decreased by -7.7%. The inventory for 4 bedroom homes increased by +15.4%. The inventory for 5 bedroom homes increased by +13.3%.

Asking Price vs. Sold Price

How much do homes in Kew Gardens Hills, 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 Price2 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in Kew Gardens Hills, you may be able to get a good deal. 86.4% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Kew Gardens Hills in December 2024, down by 4.3% month-over-month. Of the 22 sold homes, 86% were sold under asking, 9% were sold at asking, and and 5% were sold over asking.

Days on Market for Kew Gardens Hills, NY

How long does it take to sell a home in Kew Gardens Hills, NY?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days8 Homes

Over 90 Days9 Homes

Insight

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

Summary: During December 2024, 22 homes were sold in Kew Gardens Hills; 23% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 41% 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
85 DaysThis YearDec 2024
87 Days1 year agoDec 2023
-2.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Kew Gardens Hills had an average listing age of 85 days in Dec 2024, down by 2.5% compared to the previous year.

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Newest Listings in Kew Gardens Hills, NY

What homes are available in Kew Gardens Hills, NY?

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

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Last updated on: 1/24/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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, 6:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.