Despite a decrease in the number of sales and rising inventory, the median home and average sales price both increased in Queens during 2018. The median sales price finished the year at $568,000, a 1.6 percent gain year over year. Homebuyers in Queens can expect to pay just over $637,000 on average. Though the average increased by more than 2 percent since 2017, Queens offers a more affordable option than Manhattan or Brooklyn, where average prices top $1 million.
AVERAGE QUEENS HOME
|Q4 2018||Year-over-year % change|
|Average sales price||$637,322||2.1%|
|Average days on market||78||-25.7%|
Source: Miller Samuel. Home refers to one-, two- and three-family homes, as well as condos and co-ops.