Queens, NY SFR Values rise at 2X the Nat'l Rate, Multifamily values up

[Abel Curiel]

Queens Update

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We've seen insignificant changes in Avg. Days on Market (DOM) since Q3 of last year.

Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.

Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.

Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.