39 years in Queens and Long Island New York Real Estate. Call 800-222-NEAL.

Queens NY Real Estate Sales Trends (February 2024)


Neal and Jay Modi

  1. Home
  2. >
  3. Blog
  4. >
  5. Queens Real Estate
  6. >
  7. Queens NY Real Estate Sales Trends (February 2024)

Here’s a summary of Queens real estate sales trends for February 2024:

  • Prices: The median sales price dipped slightly compared to January, reaching around $679,000, which reflects a 3% decrease year-over-year and a $20,000 drop compared to February 2023. Two and four-bedroom properties saw the most significant price reductions, dropping by 2.8% and 4.1%, respectively.
  • Sales volume: The number of homes sold in February decreased by 13.2% compared to January, with a total of 531 homes sold or pending.
  • Inventory: The number of homes available for sale continued to rise, with an increase of 5.2% from January, reaching almost 7,000 listings.
  • Market conditions: The market shifted slightly towards a buyer’s market, with 72% of properties selling below the asking price, 15% selling at asking price, and only 13% selling above asking price.

Do you have any specific questions about the Queens real estate market? Call us at 1-800-222-NEAL or fill out the contact form.

Leave a Comment