Jamaica, NY Foreclosures
How much do homes sell for in Jamaica, NY?
The average home price is currently $754,432.
In Jamaica, NY, how many homes are available?
There are currently 1,081 active home listings available in Jamaica.
What’s the average rental cost in Jamaica, NY?
The average rental price in Jamaica is $2,352.
What is the most expensive home in Jamaica?
The most expensive home sold in Jamaica had a price of $106,810,688.
What is currently the cheapest priced home in Jamaica, NY?
The cheapest home for sale in Jamaica is priced at $10,289.
Living in Jamaica, NY
Jamaica, NY, is a diverse and lively neighborhood located in Queens, known for its rich culture and community spirit. With excellent transport links and a variety of amenities, residents can enjoy a convenient lifestyle. The area is home to numerous parks, schools, and shopping options, making it ideal for families and young professionals alike.
Current Market Conditions in Jamaica, NY
The real estate market in Jamaica, NY, is currently experiencing a steady demand, with a combination of both rental and purchase options available. Prices have remained competitive, with increased interest from first-time homebuyers and investors. The mix of single-family homes, multi-family units, and condos gives prospective buyers plenty of choices according to their budget and preferences.
In 2023, Jamaica's real estate market trends indicate a gradual appreciation in home values, particularly in areas undergoing redevelopment and those close to transport links. Buyers are showing preference for properties that provide easy access to public transport and amenities.
Home Value Estimator For Jamaica, NY
There are currently 151,327 real estate properties
in Jamaica, NY,
with a median automated valuation model (AVM) price
of $695,229.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Jamaica, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Jamaica, NY,
is $754,432.00, with the most expensive house
in Jamaica, NY, topping out
at $106,810,688.00 and the cheapest home
in Jamaica, NY,
clocking in at $10,289.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Jamaica, NY!
Rent Prices
In Jamaica, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Jamaica, NY, is on
a rollercoaster ride. The
average rent price in Jamaica, NY,
is $2,352.00. Indeed, when looking to rent in
Jamaica, NY, you can expect to pay as little
as $1,060.00 or as much
as $5,580.00,
with the average rent median estimated to
be $2,290.00. The good news is that finding
an affordable and desirable property to rent in Jamaica, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
