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Queens County, New York

Single-family vs. condo trends, market pressure signals, and 5-year price history. Source: Redfin.

Median Sale Price
$738,000
+9.3% YoY
Active Inventory
4,643
Days on Market
65 days
Price Drops
16.9%

Single-Family vs. Condo

Source: Redfin (property-type breakdown)
Single-Family Median
$850,000
+1.8% YoY
Condo / Co-op Median
$395,000
-3.7% YoY
SFR vs. Condo YoY Gap
+5.5%
SFR outperforming condos
DOM: SFR vs. Condo
42d / 95d
SFR / Condo

Buyer vs. Seller Market Indicators

Latest month — Redfin
Months of Supply
8.3 mo
Buyer market

Inventory ÷ monthly sales. Below 3 = strong seller market; 3-6 balanced; above 6 = buyer market.

Sale-to-List Ratio
97.4%
At asking

Median closing price ÷ original list price. Above 100% = homes routinely closing above asking.

% Sold Above List
20%
Buyer-favorable

Share of closed sales priced above asking. The single cleanest read on bidder competition.

What does your sqft target cost in Queens County, New York?

$546/sqft median (Redfin)
+$0 adj
+$0 adj
optional
Estimated price
$1,091,705
Above median range (+48% vs median)
Region median
$738,000
all homes
Price-tier reverse lookup — what sqft does each price band buy?
$600,000
≈ 1,099 sqft
$1,200,000
≈ 2,198 sqft
$2,000,000
≈ 3,664 sqft
$5,000,000
≈ 9,160 sqft

Estimate = (median $/sqft × your sqft) + bed/bath/lot adjustments. Bed and bath adjustments use Appraisal Institute / Fannie Mae standard rules of thumb (~$15K/extra bedroom, ~$20K/extra bathroom vs. a 3bd/2ba baseline; half-bath = half adj). Lot premium is a $1.50/sqft heuristic beyond a 6,000 sqft baseline — accuracy varies sharply by urban infill vs. acreage market. Quality, condition, year built, and HOA are not modeled here. For a deeper county-level hedonic AVM, see AVM Lite.

Rent + invest vs. buy + own — backtested

15-yr rolling history · S&P 500
Property type:
Upfront capital committed (both paths): $170K = 20% down + 3% closing on a $738K home
BUY + OWN
Median ending wealth $648K $396K real
Net gain on $170K upfront: $478K
Range: $648K → $648K
Wealth = home value (appreciated at 3%/yr) − remaining mortgage − 6% selling cost. Gain = wealth − upfront. Leveraged appreciation on full $738K asset comes from the 20% down.
RENT + INVEST
Median ending portfolio $1.48M $1.05M real
Net gain on $500K contributed: $975K
Range: $687K → $3.92M
Same upfront cash + each year's (own − rent) surplus invested in S&P 500 at actual annual returns. Median renter contributed $500K total.
Median wealth delta: $828K in favor of RENT + INVEST
What if you'd started in a recent year? (most-recent 15yr window: 2011–2025)
WindowBuy wealthBuy gainRent wealthRent gainWealth delta
2011–2025$648K$478K$2.20M$1.70M$1.55M rent
2010–2024$648K$478K$2.25M$1.75M$1.60M rent
2009–2023$648K$478K$2.16M$1.66M$1.52M rent
2008–2022$648K$478K$1.48M$975K$828K rent
2007–2021$648K$478K$1.91M$1.41M$1.26M rent
2006–2020$648K$478K$1.63M$1.13M$987K rent
2005–2019$648K$478K$1.47M$965K$818K rent
2004–2018$648K$478K$1.21M$708K$561K rent

Educational tool, not investment or real-estate advice. Past performance does not guarantee future results. Backtests use actual annual total returns including dividends from S&P 500 (Damodaran (NYU Stern) annual total return (with dividends), 1957-present.).

Buyer model: 30-yr fixed mortgage, P&I + property tax + insurance + maintenance (1% of value/yr) + HOA. Selling cost = 6%. Investor model: down payment + annual cashflow surplus invested in the chosen index at that calendar year's actual return.

Tax model: pre-tax comparison. Toggle "after-tax mode" to apply MID, SALT, LTCG, and the Sec 121 capital-gains exclusion.

This calculator does not adjust for: PMI (assumed 20%+ down), differential transaction costs by state, lifestyle factors (commute, schools, kids), illiquidity / forced-sale risk, or insurance availability constraints (e.g., FL/CA wildfire). Consult a fiduciary advisor and tax professional before acting on any of this.

Market Pressure Signals

Derived from Redfin trend
Inventory vs. Long-Term Avg
-3.1%
roughly balanced
DOM vs. 24-Mo Avg
+6.1%
currently 65 days
Long-Term Avg Inventory
4,794
Long-Term Avg DOM
61 days

Mortgage & Price Stress

State HPI + national delinquency
State HPI YoY
+5.3%
positive — appreciating
State HPI vs. Peak
0.0%
at or near peak peak 2026-04-01
National Mortgage Delinquency
1.86%
benchmark — 2026-04-01 county-grain delinquency requires paid data

State-grain HPI YoY + drawdown from peak is the cleanest free price-stress proxy. The national delinquency rate gives the macro mortgage-stress backdrop. True county-level mortgage delinquency lives in paid datasets (MBA NDS, CoreLogic LP).

Getting a Mortgage Here

CFPB HMDA 2025
Applications Denied
30.3%
5.4 pts harder than New York
Loans Actually Made
13,999
6,100 turned down
Average Loan Made
$767,951
what lenders here actually wrote
National Denial Rate
23.4%
benchmark — all 51 states

Every lender above a size threshold has to report each application and what they did with it. The denial rate here counts only applications a lender actually ruled on — approved or denied. Files the applicant withdrew, and files closed as incomplete, are left out of both halves, so this runs higher than tables that bury them in the denominator. Compare every state and county →

Value Ratios

Median home price ÷ county median income
Value / Income
8.7×
severely overvalued
Median Household Income
$84,961
Census ACS B19013

Historically affordable markets sit at 3–4× income; over 5× is stretched, over 6× is severely overvalued. Lower ratios point to bargain opportunities.

Housing Stock & Owners

Census ACS 5-year (B19013, B01003, B25002, B25003, B25034, B25007)
Population
2,330,124
total residents
Total Housing Units
903,598
all units, occupied + vacant
Vacancy Rate
8.3%
tight
Homeownership Rate
44.9%
of occupied units owner-occupied
Boomer Owners (65+)
16.2%
of homeowner households
Millennial / Gen-X Owners (35-54)
3.0%
of homeowner households
Pre-1949 Housing Stock
44.4%
structures built before 1949

When boomer-owner share is high, expect more inventory hitting the market over the next decade as homes transition. High vacancy + high old-stock often signals deferred-maintenance markets where buyers can negotiate.

Net Migration (IRS Tax Returns)

IRS Statistics of Income — Migration Data
Net Migration
-38,865
losing people (2022–2023)
Inbound Returns
45,244
66,884 people moved in
Outbound Returns
62,005
105,749 people moved out
Net Returns
-16,761
household-filer basis

Top 5 Origins (where movers came from)

  1. Kings, New York — 12,183 returns
  2. New York, New York — 6,844 returns
  3. Nassau, New York — 4,717 returns
  4. Bronx, New York — 2,729 returns
  5. Suffolk, New York — 1,858 returns

Top 5 Destinations (where movers went)

  1. Nassau, New York — 10,413 returns
  2. Kings, New York — 8,138 returns
  3. New York, New York — 4,241 returns
  4. Suffolk, New York — 4,036 returns
  5. Bronx, New York — 2,173 returns

IRS Statistics of Income tracks county-to-county migration via tax-return change-of-address. Net migration uses the exemption count (a proxy for people, including dependents). True net flow can lag by 1–2 years vs. real-time movements.

Who's Moving In (Census ACS)

Source: Census ACS B07001 (5-year)
Inbound Movers (1 yr)
76,963
3.34% of pop. — moved here from outside the county
From Other States
15,568
0.68% of pop. — interstate inbound
From Abroad
19,861
moved into the county from outside the U.S.
Same House 1 Year Ago
92%
stable residents

Census ACS asks where people lived 1 year ago, so this counts inbound movers but does not show outbound — true net migration would require IRS SOI parsing.

Trends

Up to 5 years of monthly data

Median Sale Price

Trailing 12 months

Active Inventory

Trailing 12 months

Days on Market

Trailing 12 months

Looking for state-level data? See New York statewide stats →

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