Queens, NY Foreclosures
How much do homes sell for in Queens, NY?
The average home price is currently $856,288.
What’s the average rental cost in Queens, NY?
The average rental price in Queens is $2,545.
What is the most expensive home in Queens?
The most expensive home sold in Queens had a price of $3,636,700.
What is currently the cheapest priced home in Queens, NY?
The cheapest home for sale in Queens is priced at $122,581.
Living in Queens, NY
Queens, NY is a culturally rich borough known for its diverse neighborhoods, vibrant atmosphere, and extensive public transportation network. Home to gorgeous parks, a variety of dining options, and a close-knit community feel, it's an ideal place for families and young professionals alike. Its proximity to Manhattan, combined with more affordable housing options compared to other NYC boroughs, makes it an attractive area for real estate investment.
Current Market Conditions in Queens, NY
Queens' real estate market has seen strong demand in recent years, driven primarily by its affordability relative to Manhattan and Brooklyn, coupled with its accessibility by public transportation. This has led to a consistent rise in property values, with many neighborhoods experiencing significant appreciation over recent years.
The rental market in Queens remains competitive, with many new developments and renovations that appeal to a broad demographic, including young professionals, families, and international residents. This influx of newcomers has added vitality to the local economy and neighborhood dynamics.
Home Value Estimator For Queens, NY
There are currently 233 real estate properties
in Queens, NY,
with a median automated valuation model (AVM) price
of $800,324.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Queens, 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 Queens, NY,
is $856,288.00, with the most expensive house
in Queens, NY, topping out
at $3,636,700.00 and the cheapest home
in Queens, NY,
clocking in at $122,581.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Queens, NY!
Rent Prices
In Queens, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Queens, NY, is on
a rollercoaster ride. The
average rent price in Queens, NY,
is $2,545.00. Indeed, when looking to rent in
Queens, NY, you can expect to pay as little
as $1,380.00 or as much
as $3,860.00,
with the average rent median estimated to
be $2,530.00. The good news is that finding
an affordable and desirable property to rent in Queens, 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
