Is Jackson Heights, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jackson Heights has remained a Buyer's Market.
Housing Prices in Jackson Heights, NY
How much do homes in Jackson Heights, NY cost?
Median Sold Price
$462,500
$458/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson Heights was $462,500 in May 2024, up 2.8% from last year, and the median price per square foot was $458.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $310K | -8.8% |
2 Bedrooms | $419K | $470K | +12.2% |
3 Bedrooms | $886.5K | $860K | -3.0% |
4 Bedrooms | $1.1M | $1.1M | 0.0% |
5+ Bedrooms | $1.3M | $1.3M | +0.8% |
Summary: Jackson Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
Jackson Heights | $449.8K | $462.5K | +2.8% |
Northwestern Queens | $715.7K | $726.8K | +1.5% |
Elmhurst | $625K | $505K | -19.2% |
Housing Supply in Jackson Heights, NY
How many homes are available in Jackson Heights, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
356 | 402 | +12.9% |
Summary: The Jackson Heights real estate market had 402 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 147 | 170 | +15.6% |
2 Bedrooms | 106 | 114 | +7.5% |
3 Bedrooms | 42 | 47 | +11.9% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 38 | 46 | +21.1% |
Summary: The Jackson Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 28 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Jackson Heights in May 2024, the same as the previous month. Of the 28 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for Jackson Heights, NY
How long does it take to sell a home in Jackson Heights, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
151 Days | 113 Days | -24.8% |
Summary: Homes in Jackson Heights had an average of 113 days on market in May 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Jackson Heights; 29% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.