Queens, NY Foreclosures
How much do homes sell for in Queens, NY?
The average home price is currently $854,866.
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 diverse and vibrant neighborhood known for its rich cultural heritage, excellent educational institutions, and beautiful parks. With convenient transportation options, it is an ideal location for families, professionals, and anyone looking to enjoy the best of New York City living.
Current Market Conditions in Queens, NY
The real estate market in Queens has shown resilience and growth over the past year, with a steady increase in demand, especially for single-family homes and condos. The diverse housing options appeal to a wide range of buyers, from first-time homeowners to investors. Overall, the market remains competitive as more people seek to live in this culturally rich borough.
As Queens continues to attract new residents, the market has see a slight uptick in property values, especially in neighborhoods close to transportation hubs and popular amenities. Buyers can expect to encounter multiple offers on desirable properties, which indicates a strong demand.
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 $794,789.00. 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 $854,866.00, 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
