Springfield Gardens Housing Market Report April 2025•Queens County, New York

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Housing Prices in Springfield Gardens, NY

How much do homes in Springfield Gardens, NY cost?

Housing Market Conditions

Is Springfield Gardens, 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

Springfield Gardens is a Seller's Market

Difference Since April 2024

At the same time last year, Springfield Gardens was a Buyer's Market.

Insight

Springfield Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$670,000$475/SqFt
-$105,000
-13.5%

Based on all homes sold in the last 12 months

Insight

Homes in Springfield Gardens have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in Springfield Gardens was $670,000 in April 2025, down 13.5% from last year, and the median price per square foot was $475.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
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
Rochdale
+9.7%
Southeastern Queens
+3.3%
Brookville
+2.1%
Springfield Gardens
-13.5%

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.
BedsApr 2024Apr 2025Change YoY
1-$187K
N/A
2$523K$555K
+6.1%
3$685K$650K
-5.1%
4$712.5K$717.5K
+0.7%
5$1.0M$955K
-11.2%

Summary: Springfield Gardens housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.1%. The home price for 3 bedroom homes decreased by -5.1%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes decreased by -11.2%.

How does Springfield Gardens, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Springfield Gardens, NY

Housing supply in Springfield Gardens, NY

How many homes are available in Springfield Gardens, 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
32Last MonthApr 2025
362 months agoMar 2025
-11.1 %
Change MoMMar – Apr

Summary: The Springfield Gardens real estate market had 32 homes for sale in Apr 2025, a 11.1 % decrease compared to Mar 2025.

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 MonthApr 2025
22 months agoMar 2025
+250.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
265
-16.7%
3119
-18.2%
467
+16.7%
51311
-15.4%

Summary: Springfield Gardens housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -16.7%. The inventory for 3 bedroom homes decreased by -18.2%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes decreased by -15.4%.

Asking Price vs. Sold Price

How much do homes in Springfield Gardens, 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 Price3 Homes

At Asking Price0 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Springfield Gardens, 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 Springfield Gardens in April 2025, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and and 43% were sold over asking.

Days on Market for Springfield Gardens, NY

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

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

Summary: During April 2025, 7 homes were sold in Springfield Gardens; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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
83 DaysThis YearApr 2025
69 Days1 year agoApr 2024
+20.5 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Springfield Gardens had an average listing age of 83 days in Apr 2025, up by 20.5% compared to the previous year.

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Newest Listings in Springfield Gardens, NY

What homes are available in Springfield Gardens, NY?

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, for the period 05/01/2023 - 05/01/2025

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: 5/1/2025, 11:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.