The median estimated property value in Queens is now $831,220, reflecting a 2.7% increase over the last 12 months. While the estimated value saw a nominal month-over-month dip of 0.1%, the actual sold prices tell a story of growth, with the median sold price hitting $826,000.

Active listings are entering the market with ambitious pricing, showing a median list price of $836,800, a 1.4% increase from the previous month. This indicates that sellers remain confident in the borough's enduring appeal.

Inventory Trends: Approaching a Balanced State
Perhaps the most notable data point for Queens is the 5.78 months of inventory. This is significantly higher than the sub-3-month levels seen in Nassau and Suffolk, placing Queens closer to a "Balanced Market" than almost any other region in the area.

While the total inventory is down 7.5% year-over-year, the 2.3% monthly increase provides a healthy stream of options for active buyers. Properties are spending a median of 57 days on the market, giving both parties more time to conduct due diligence compared to the fast-paced bidding wars elsewhere.

Strategic Advice

For Sellers
While you are still in a seller's market, the 97.56% sold-to-list ratio suggests that buyers are successfully negotiating small concessions. With nearly six months of inventory available, your home needs to stand out. High-quality photography, realistic pricing, and addressing minor repairs before listing are essential to ensure you capture one of the 303 successful monthly sales.

For Buyers
Queens currently offers the best "buying weather" on Long Island. With 5.78 months of supply and a median of 57 days on market, you have more leverage and more time than your counterparts in the eastern counties. You can reasonably expect to negotiate slightly below the asking price, but keep an eye on the 2.7% annual appreciation—waiting too long may still cost you in the long run.

Ready to Explore Queens?

From the high-rises of Long Island City to the quiet streets of Bayside, Queens offers a unique blend of urban energy and suburban comfort. Navigating a market that is approaching balance requires a nuanced touch. Contact us today for an expert evaluation of your property or a tailored home search.

Data Source: Reports provided by RPR / OneKey MLS. Data current as of April 2026.