South Jamaica Housing Market Report January 2025•Queens County, New York

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Housing Prices in South Jamaica, NY

How much do homes in South Jamaica, NY cost?

Housing Market Conditions

Is South Jamaica, 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

South Jamaica is a Buyer's Market

Difference Since January 2024

Since last year, South Jamaica has remained a Buyer's Market.

Insight

South Jamaica 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.
$680,000$483/SqFt
+$35,000
+5.4%

Based on all homes sold in the last 12 months

Insight

Homes in South Jamaica have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in South Jamaica was $680,000 in January 2025, up 5.4% from last year, and the median price per square foot was $483.

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
Southeastern Queens
+5.7%
South Jamaica
+5.4%
Locust Manor
+4.3%
South Ozone Park
+2.6%
Rochdale
+2.3%

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$147.5K$193K
+30.8%
2$510K$559K
+9.6%
3$605K$660K
+9.1%
4$715K$720K
+0.7%
5$970K$945K
-2.6%

Summary: South Jamaica housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +30.8%. The home price for 2 bedroom homes increased by +9.6%. The home price for 3 bedroom homes increased by +9.1%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes decreased by -2.6%.

Housing supply in South Jamaica, NY

How many homes are available in South 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
138Last MonthJan 2025
1302 months agoDec 2024
+6.2 %
Change MoMDec – Jan

Summary: The South Jamaica real estate market had 138 homes for sale in Jan 2025, a 6.2 % increase 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
7Last MonthJan 2025
142 months agoDec 2024
-50.0 %
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
111
0.0%
23227
-15.6%
34754
+14.9%
41716
-5.9%
53340
+21.2%

Summary: South Jamaica housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -15.6%. The inventory for 3 bedroom homes increased by +14.9%. The inventory for 4 bedroom homes decreased by -5.9%. The inventory for 5 bedroom homes increased by +21.2%.

Asking Price vs. Sold Price

How much do homes in South 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 Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in South Jamaica, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in South Jamaica in January 2025, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and and 14% were sold over asking.

Days on Market for South Jamaica, NY

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

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

Summary: During January 2025, 7 homes were sold in South Jamaica; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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
43 DaysThis YearJan 2025
42 Days1 year agoJan 2024
+0.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in South Jamaica had an average listing age of 43 days in Jan 2025, up by 0.9% compared to the previous year.

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Newest Listings in South Jamaica, NY

What homes are available in South Jamaica, NY?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, and Brooklyn MLS for the period 02/01/2023 - 02/01/2025

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. Properties displayed may be listed or sold by various participants in the MLS.

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.

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: 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.
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: 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.