FEBRUARY 2025 QUEENS REAL ESTATE MARKET UPDATE

Описание: Queens Real Estate Market Update - February 2025 | Single-Family & Multi-Family Homes Analysis

Are you looking to buy, sell, or invest in Queens real estate? Stay updated with the latest market trends for single-family and multi-family homes! 📊

👉 Single-Family Homes in Queens:

📉 292 new homes listed in February—a 16.8% drop compared to last year.
🔥 182 homes closed last month, down 8.5% from last year, but a 2.3% increase over the past 12 months.
⏳ Homes sold in an average of 75 days, 10.7% faster than last year.
💰 Median sales price: $827,000, down 2.1% from last year but up 4.4% over 12 months.
📈 Sellers are receiving 97.4% of their original list price—up by 4.7%.
🏡 Only 951 homes for sale, 16.9% less than last year, with total inventory down 8.2%.
👉 Multi-Family Homes in Queens (2-4 Unit Properties):

📉 108 multi-family homes closed, a 20% drop from 135 last year.
⏳ Average days on market: 67 days, 23% faster than last year's 87 days.
💰 Median sales price: $1,100,000, up 7.8% from last year’s $1,020,000.
📌 What This Means For You:

Sellers: Low inventory and strong demand make it a great time to sell! Properties are moving faster and selling close to the asking price.
Buyers: With fewer homes available and prices trending upward, being prepared to act quickly is essential.
💬 Ready to buy or sell in Queens? Contact us today to discuss your strategy!

👍 Don’t forget to like, share, and subscribe to stay updated on the Queens real estate market!

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#queensrealestate #queenshousingmarket #nycrealestate #singlefamilyhomes #multifamilyhomes #realestateupdate #housingmarkettrends #realestateinvesting #realestatetips #empirefinehomes #homesellingtips #homebuyingtips #queensny #nyrealestate #realestatenews



Empire Fine Homes
Empowering More People In Real Estate
Elias Borjas & Alejandra Fermin
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www.empirefinehomes.com

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