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

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Housing Prices in Northeastern Queens, NY

How much do homes in Northeastern Queens, NY cost?

Housing Market Conditions

Is Northeastern Queens, 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

Northeastern Queens is a Buyer's Market

Difference Since December 2023

At the same time last year, Northeastern Queens was a Seller's Market.

Insight

Northeastern Queens 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.
$724,728$551/SqFt
+$32,310
+4.7%

Based on all homes sold in the last 12 months

Insight

Homes in Northeastern Queens have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Northeastern Queens was $724,728 in December 2024, up 4.7% from last year, and the median price per square foot was $551.

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
Auburndale
+8.5%
Beechhurst
+7.3%
Northeastern Queens
+4.7%
Whitestone
-8.7%

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
4$995.4K$1.0M
+4.2%
1$279.4K$290K
+3.8%
2$378K$399.9K
+5.8%
3$865K$917.6K
+6.1%
5$1.3M$1.3M
+0.8%

Summary: Northeastern Queens housing price by bedroom type for December 2024, compared to the previous year. The home price for 4 bedroom homes increased by +4.2%. The home price for 1 bedroom homes increased by +3.8%. The home price for 2 bedroom homes increased by +5.8%. The home price for 3 bedroom homes increased by +6.1%. The home price for 5 bedroom homes increased by +0.8%.

Housing supply in Northeastern Queens, NY

How many homes are available in Northeastern Queens, 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
2,141Last MonthDec 2024
2,1912 months agoNov 2024
-2.3 %
Change MoMNov – Dec

Summary: The Northeastern Queens real estate market had 2,141 homes for sale in Dec 2024, a 2.3 % decrease 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
196Last MonthDec 2024
2442 months agoNov 2024
-19.7 %
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
4272257
-5.5%
1555564
+1.6%
2639632
-1.1%
3429406
-5.4%
5296282
-4.7%

Summary: Northeastern Queens housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 4 bedroom homes decreased by -5.5%. The inventory for 1 bedroom homes increased by +1.6%. The inventory for 2 bedroom homes decreased by -1.1%. The inventory for 3 bedroom homes decreased by -5.4%. The inventory for 5 bedroom homes decreased by -4.7%.

Asking Price vs. Sold Price

How much do homes in Northeastern Queens, 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 Price32 Homes

At Asking Price21 Homes

Under Asking Price143 Homes

Insight

If you're buying a home in Northeastern Queens, you may be able to get a good deal. 73% of homes here sold below asking price last month.

Summary: A total of 196 homes were sold or pending in Northeastern Queens in December 2024, down by 19.7% month-over-month. Of the 196 sold homes, 73% were sold under asking, 11% were sold at asking, and and 16% were sold over asking.

Days on Market for Northeastern Queens, NY

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

Breakdown of Home Sale Times

Under 30 Days63 Homes

30 – 90 Days71 Homes

Over 90 Days57 Homes

Insight

Avg time on Rocket Homes in Northeastern Queens has remained consistent over time.

Summary: During December 2024, 196 homes were sold in Northeastern Queens; 32% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% 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
66 DaysThis YearDec 2024
81 Days1 year agoDec 2023
-18.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Northeastern Queens had an average listing age of 66 days in Dec 2024, down by 18.2% compared to the previous year.

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Newest Listings in Northeastern Queens, NY

What homes are available in Northeastern Queens, NY?

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Nearby markets

Popular Cities with Homes for Sale in New York

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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: 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.
IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
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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, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.