Queens NY Real Estate Market 2026. Real estate market report produced by the Queens Home Team at Keller Williams Realty Landmark II. Need Help? Contact Us 718-968-5538
Last updated on 1/25/26
Market Snapshot
Welcome to 2026! It’s January in NYC and if you’re anywhere near New York, then you already know that we have had a real Winter this year. As we start the new year, we always like to reflect on the previous year and forecast what we “think” may happen in the year ahead. Our team has been around since 2013, and our founders started in 2008 so we have seen a buyers’ market turn into a sellers’ market, and a seller’s market turn into what we have today, a bifurcated market. That said, if you follow our reports then you know that we like to look at the actual data and extrapolate what we can from it in order to see where we are, and where we may be headed in the near future.
Closing out 2025 and reviewing the data, we can say for sure that home sales were up modestly (3.8%) over 2024. We also see that the median price for a residential property (coop, condo, 1-3 family) in Queens rose again in 2025. This was likely due to the strong home buyer demand in Queens, as well as the continuous low levels of inventory across the borough. For example, in 2024 we saw inventory increase pretty much all year from January – December. On the other hand, in 2025 we saw inventory increase modestly from January – July, but then in the second half of the year we saw inventory decrease and as a result, we ended the year with less active listings then we had in December of 2024.
As for the fourth quarter, home sales were down slightly, quarter over quarter and year over year. Home prices were up quarter over quarter and year over year, new listings were down quarter over quarter and year over year, and active listings were down quarter over quarter and year over year. Mortgage rates ended the year lower than what we had in Dec 2024, and month’s supply was 8.6 months to end the year. That’s up from the 6.1 months supply we had at the end of 2024.
All in all the market was fairly active in 2025, and based on our firsthand experience, it looks like properties continued to sell all year. For example, of the 26 listings that we took last year, 23 of them sold or are pending. 3 properties expired or were withdrawn off of the market, one of which was in Nassau county. Of the two that were in Queens, one of them was actually pending but the deal died because one of the tenants did not vacate by closing and it led to an eviction proceeding. The other one was a 3 bedroom coop in Kew Gardens which we had on the market, but the sellers decided to keep it and rent it out instead. So as you can see, properties have still been selling.
In 2025, what we experienced most as a team were the following…
1. Single family homes are still in high demand.
2. Multi family homes that are vacant or guaranteed delivered vacant are also in high demand.
3. Apartments in poor – original condition seem to have the lowest buyer demand as those buyers do not want to do any renovation work, unless the price is very good.
4. Condos in areas with a lot of new construction and/or competing inventory seem to be struggling because they are in deep buyer’s markets and buyers have a lot of options.
5. Coops in good – excellent condition seem to still be moving well, as long as they are priced right.
6. 2 bedroom coops have generally been selling better than 1 bedrooms.
7. Apartments with parking and/or outdoor space seem to do very well in comparison to other units.
8. Properties with tenant issues must be priced aggressively in order to attract potential buyers.
9. Tenant issues seem to be more common and are becoming a big challenge for homeowners who want to sell for full market value.
10. 4-6 family homes have suffered value decreases due to rising property taxes, low rent rolls, and general investor sentiment.
Hope this is all helpful! We’ll continue to watch the market and keep you posted on any new developments.
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Month’s Supply
What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.
Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
Month’s Supply in Queens NY
………. # Homes currently Available for Sale: 6,652 (Last year: 7,205)
………. Average # of Homes selling each month: 772 (Last year: 760)
………. Month’s Supply: 8.6
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Closed Home Sales
The One Key MLS reported a total of 2,304 closed home sales in the 4th quarter of 2025. This was DOWN 1.1% from the previous quarter and DOWN 1.7% compared to the same quarter last year. For all of 2025, closed home sales were UP 3.8%.
Free Home Valuation
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Median Home Price
As for Home Prices, the One Key MLS reported a median home price in Queens of $718,000 in the 4th quarter of 2025. That’s UP 6.7% from the previous quarter and UP 7.6% compared to the same quarter last year. For all of 2025, the median home price in Queens was UP 12.3% compared to 2024.
Mortgage Rates
Mortgage Rates Close Out Extremely Flat Week
Fri, Jan 23 2026, 2:49 PM
This week’s only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical issues and tariff escalation potential. Rates recovered only modestly when those threats abated–a fact that had everything to do with the bond market refusing to return to last week’s levels and nothing to do with any mortgage-specific issue.
If anything, the mortgage market is in the midst of stunning outperformance relative to the Treasury benchmarks. Take the ubiquitous 10yr Treasury yield, for example, which is still closer to its highest levels since early September. In contrast, average mortgage rates are much closer to their lowest levels over the same time frame.
Today was the least eventful of the week with the average lender holding right in line with yesterday’s latest levels. (view article)
New Listings
As for New Listings, the One Key MLS reported a total of 3,568 new listings in the 4th quarter 2025. That’s DOWN 20.3% from the previous quarter and DOWN 3.7% compared to the same quarter last year.
Active Listings
As for Active Listings, the One Key MLS reported a total of 6,652 active listings at the end of the 4th quarter 2025. This was DOWN 9.9% from the previous quarter and DOWN 6,986% compared to the same quarter of last year. As for the whole year, in all of 2025 the number of active listings was down 2.7%. Meaning that in January 2025 there were 6,858 homes for sale, and in December 2025 there were 6,672 homes for sale. In contrast, in January 2024 there were 5,462 homes for sale, and in December 2024 there were 6,986 homes for sale.
Queens Real Estate Market 2025, provided by the Queens Home Team at Keller Williams Realty Landmark II. Have a Question? Contact Us anytime.
Good Reads & Listens
Adams vetoes COPA, housing measures dreaded by real estate industry
Real Estate Experts Predict The Biggest Housing Market Trends Coming In 2026
From the Blog and YouTube Channel
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What are the Main Reasons why a Property doesn’t Sell in NYC?
Do I need to Renovate before Selling a Property in NYC
What is a Mortgage Contingency and How does it Work?
About Us
The Queens Home Team is a group of friendly, service driven real estate agents in Queens NY. Our team members are not only experts at what they do, but more importantly, they are driven by their desire to help people. The team approach is what truly separates us from the average Queens broker, because while most agents are one person doing several things, we have several agents doing one thing, and being great at it! This ensures expertise throughout all stages of the transaction and allows us to provide the superior level of service our clients deserve. We understand that real estate is a service industry, therefore we treat it as such. Rest assured that when you work with the Queens Home Team, you’ll be in good hands, with people who care 🙂
*The opinions expressed in This Queens Real Estate Market Report are intended to supplement opinions on real estate expressed by local and national media, local Queens real estate agents and other expert sources. You should not treat any opinion expressed on this report as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. The Queens Home Team at Keller Williams Realty Landmark II does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. The Queens Home Team will not be liable for any loss or damage caused by your reliance on information contained in this report.