New - 4 days on Rocket
$6,546 Closing Credit¹
#826276, Listing Office: REALHome Services & Solutions
Springfield Gardens Housing Market Report January 2025•Queens County, New York
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?
Seller'sMarket
Buyer'sMarket
Springfield Gardens is a Buyer's Market
Difference Since January 2024
At the same time last year, Springfield Gardens was a Neutral Market.
Insight
Springfield Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$680,000$446/SqFt
-$90,000
-11.7%
Based on all homes sold in the last 12 months
Insight
Homes in Springfield Gardens have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Springfield Gardens was $680,000 in January 2025, down 11.7% from last year, and the median price per square foot was $446.
Median Sold Price By Neighborhoods
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Southeastern Queens | $650K | $687.3K | +5.7% |
| Locust Manor | $642.5K | $670K | +4.3% |
| Rochdale | $693.8K | $710K | +2.3% |
| Brookville | $705K | $709K | +0.6% |
| Springfield Gardens | $770K | $680K | -11.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $187K | N/A |
| 22 Bedrooms | $482K | $550K | +14.1% |
| 33 Bedrooms | $645K | $642.5K | -0.4% |
| 44 Bedrooms | $717.5K | $725K | +1.0% |
| 55+ Bedrooms | $970K | $962.5K | -0.8% |
Summary: Springfield Gardens housing price by bedroom type for January 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 +14.1%. The home price for 3 bedroom homes decreased by -0.4%. The home price for 4 bedroom homes increased by +1.0%. The home price for 5 bedroom homes decreased by -0.8%.
Housing supply in Springfield Gardens, NY
How many homes are available in Springfield Gardens, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 51Last MonthJan 2025 | ||
| 542 months agoDec 2024 | -5.6 % Change MoMDec – Jan |
Summary: The Springfield Gardens real estate market had 51 homes for sale in Jan 2025, a 5.6 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthJan 2025 | ||
| 62 months agoDec 2024 | -33.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 44 Bedrooms | 7 | 7 | 0.0% |
| 55+ Bedrooms | 20 | 19 | -5.0% |
| 11 Bedroom | 2 | 2 | 0.0% |
| 22 Bedrooms | 7 | 9 | +28.6% |
| 33 Bedrooms | 18 | 14 | -22.2% |
Summary: Springfield Gardens housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -5.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +28.6%. The inventory for 3 bedroom homes decreased by -22.2%.
Asking Price vs. Sold Price
How much do homes in Springfield Gardens, NY cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Springfield Gardens, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Springfield Gardens in January 2025, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% 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 Days0 Home
30 – 90 Days1 Home
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 January 2025, 4 homes were sold in Springfield Gardens; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 144 DaysThis YearJan 2025 | ||
| 59 Days1 year agoJan 2024 | +140.8 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Springfield Gardens had an average listing age of 144 days in Jan 2025, up by 140.8% compared to the previous year.
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Newest Listings in Springfield Gardens, NY
What homes are available in Springfield Gardens, NY?
New - 4 days on RocketVideo tour
$10,000 Closing Credit¹
#826809, Listing Office: HomeSmart CrossIsland
$8,894 Closing Credit¹
#809725, Listing Office: Douglas Elliman Real Estate
$2,126 Closing Credit¹
#821616, Listing Office: Keller Williams Realty Greater
$7,716 Closing Credit¹
#815202, Listing Office: Keller Williams Landmark II
$10,000 Closing Credit¹
#820210, Listing Office: Zubair Realty 1 LLC
$7,707 Closing Credit¹
#488984, Listing Office: Century 21 Achievers
$10,000 Closing Credit¹
#819137, Listing Office: Our Community Realty Ltd
$10,000 Closing Credit¹
#RLS11031262, JOSHUA GOLAN, Listing Office: Compass
$10,000 Closing Credit¹
#818184, Listing Office: ARA Realty Service Inc
$10,000 Closing Credit¹
#817814, Listing Office: Compass Greater NY LLC
$10,000 Closing Credit¹
#816503, Listing Office: Realty Executives Powerhouse
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Based on information from OneKey MLS, Brooklyn MLS, and Real Estate Board of New York for the period 02/01/2023 - 02/01/2025
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. Properties displayed may be listed or sold by various participants in the MLS.
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.
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Last updated on: 2/25/2025, 6:11:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 2/25/2025, 6:20:47 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: 2/25/2025, 6:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.