By Michael V. Cusenza
The average price of a 1-3 family home in Queens crossed the $1 million threshold for the first time to a record $1,013,558, according to a report released by the real estate service company Brown Harris Stevens.
Additionally, both the average price and the number of closings each rose 4 percent from the second quarter of 2024.
In what BHS characterized as Southeast Queens (Arverne, Bayswater, Belle Harbor, Breezy Point, Broad Channel, Cambria Heights, Edgemere, Far Rockaway, Hollis, Hollis Hills, Holliswood, Howard Beach, Laurelton, Neponsit, Ozone Park, Queens Village, Rockaway, Rockaway Beach, Rockaway Park, Rosedale, South Ozone Park, Springfield Gardens, St. Albans) both the average and median prices were 7 percent higher than in the second quarter of 2024.
Photo Courtesy of Google
Both the average price and the number of closings each rose 4 percent from the second quarter of 2024.
In Central Queens (Briarwood, Corona, Forest Hills, Fresh Meadows, Glen Oaks, Jamaica, Jamaica Estates, Jamaica Hills, Kew Gardens, Kew Gardens Hills, Rego Park, Richmond Hill, Woodhaven) prices for 1-3 family homes averaged 8 percent more than a year ago, while closings rose 6 percent.
Northwest Queens (Astoria, Ditmars Steinway, East Elmhurst, Elmhurst, Hunters Point, Jackson Heights, Long Island City, Sunnyside, Woodside) experienced the most growth of any section of The World’s Borough. At $1,302,141, the average 1-3 family home price was a 13-percent improvement compared to a year ago.
The BHS report also noted that in Southwest Queens the number of closings fell sharply from the “abnormally high” level of a year ago.
