Queens, NY Foreclosures
How much do homes sell for in Queens, NY?
The average home price is currently $851,673.
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 is a bustling, diverse borough with a unique blend of urban and suburban living. Known for its vibrant neighborhoods, stunning parks, and diverse culinary scene, it’s perfect for families and professionals. With excellent transportation options and cultural institutions, Queens offers a rich lifestyle for all.
Current Market Conditions in Queens, NY
The real estate market in Queens has shown resilience in recent years, with a steady increase in property values driven by strong demand and a limited housing supply. Young professionals, families, and new residents are drawn to the affordable prices relative to Manhattan, resulting in significant competition for available homes.
In recent months, the supply of single-family homes has decreased, leading to a tightening of the market and a continued rise in prices. Many neighborhoods are now seeing bidding wars, which has boosted home sale prices, particularly in areas like Astoria, Forest Hills, and Long Island City.
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 $798,472.00. 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 $851,673.00, 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
