New - 1 hour on Rocket
$10,000 Closing Credit¹
Listing Office: Keller Williams Realty Liberty
Richmond Hill Housing Market Report December 2024•Queens County, New York
Housing Prices in Richmond Hill, NY
How much do homes in Richmond Hill, NY cost?
Median List Price
$789,000$498/SqFt
+$39,100
+5.2%
Based on all homes listed in the last 12 months
Insight
The list price of homes in Richmond Hill has increased by 5.2% since last year.
Summary: The median home list price in Richmond Hill was $789,000 in December 2024, up 5.2% from the previous year, and the median price per square foot was $498.
Median List Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| South Ozone Park | $725K | $797.3K | +10.0% |
| Briarwood | $306K | $329K | +7.5% |
| Ozone Park | $749K | $799K | +6.7% |
| Richmond Hill | $749.9K | $789K | +5.2% |
| Kew Gardens | $322.9K | $302.9K | -6.2% |
Median List Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $217K | $229.4K | +5.7% |
| 22 Bedrooms | $430K | $439K | +2.1% |
| 33 Bedrooms | $699.5K | $725K | +3.6% |
| 44 Bedrooms | $784.9K | $799K | +1.8% |
| 55+ Bedrooms | $984.5K | $1.0M | +10.6% |
Summary: Richmond Hill housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +5.7%. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +3.6%. The home price for 4 bedroom homes increased by +1.8%. The home price for 5 bedroom homes increased by +10.6%.
Housing supply in Richmond Hill, NY
How many homes are available in Richmond Hill, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 150Last MonthDec 2024 | ||
| 1472 months agoNov 2024 | +2.0 % Change MoMNov – Dec |
Summary: The Richmond Hill real estate market had 150 homes for sale in Dec 2024, a 2.0 % increase compared to Nov 2024.
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 5 | 0.0% |
| 22 Bedrooms | 15 | 15 | 0.0% |
| 33 Bedrooms | 41 | 41 | 0.0% |
| 44 Bedrooms | 39 | 40 | +2.6% |
| 55+ Bedrooms | 47 | 49 | +4.3% |
Summary: Richmond Hill housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +2.6%. The inventory for 5 bedroom homes increased by +4.3%.
Asking Price vs. Sold Price
How much do homes in Richmond Hill, NY cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in Richmond Hill, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Richmond Hill in December 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and and 33% were sold over asking.
Days on Market for Richmond Hill, NY
How long does it take to sell a home in Richmond Hill, NY?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days3 Homes
Over 90 Days2 Homes
Insight
Many homes in Richmond Hill are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in Richmond Hill; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 163 DaysThis YearDec 2024 | ||
| 244 Days1 year agoDec 2023 | -32.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Richmond Hill had an average listing age of 163 days in Dec 2024, down by 32.9% compared to the previous year.
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Newest Listings in Richmond Hill, NY
What homes are available in Richmond Hill, NY?
New - 22 hours on Rocket
$5,936 Closing Credit¹
Listing Office: Realty Executives LAR Group
New - 2 days on Rocket
$10,000 Closing Credit¹
Listing Office: Keller Williams Realty Liberty
New - 2 days on Rocket
$10,000 Closing Credit¹
Listing Office: Keller Williams Landmark II
New - 5 days on Rocket
$10,000 Closing Credit¹
Listing Office: Newman Realty Inc
New - 6 days on Rocket
$10,000 Closing Credit¹
Listing Office: Keystone Realty USA Corp
New - 7 days on Rocket
$9,488 Closing Credit¹
Listing Office: Gadura Real Estate LLC
$10,000 Closing Credit¹
Listing Office: Nathan Ethan Realty LLC
$10,000 Closing Credit¹
Listing Office: American Dream Homes 110 Inc
$10,000 Closing Credit¹
Listing Office: HomeSmart Premier Living Rlty
Listing Office: Exit Realty First Choice
$8,894 Closing Credit¹
Listing Office: Parkside Realty of Queens Inc
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, and Real Estate Board of New York for the period 01/01/2023 - 01/01/2025
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.
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: 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.
©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: 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.