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Preforeclosure Homes in Queens, NY 11377

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Queens, NY Foreclosures

How much do homes sell for in Queens, NY?
The average home price is currently $853,455.
In Queens, NY, how many homes are available?
There are currently 1 active home listings available in Queens.
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 vibrant and diverse borough known for its rich cultural heritage, culinary diversity, and extensive recreational options. With a strong public transportation network, it's an ideal location for commuters. The borough features numerous parks and educational institutions, contributing to its appeal for families and individuals alike.

Current Market Conditions in Queens, NY

The real estate market in Queens has seen a noticeable increase in demand over the past few months, with a growing interest from buyers drawn to the borough's affordability compared to Manhattan. Rental prices have remained steady, indicating a balanced market that caters to both homeowners and investors.

New development projects and renovations in existing properties are contributing to a modern appeal in certain neighborhoods within Queens. Areas such as Astoria and Long Island City have experienced significant gentrification, resulting in higher property values and increased rental rates.

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 $804,576.00. 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 $853,455.00, 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.

Queens, NY 11377 Preforeclosure Homes

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