ONE BEDROOMS
CONDO MARKET - 1 BEDROOMS
One-bedroom contracts held steady at 20, but days on market increased dramatically from 11 to 17 days, hinting at a slight cooling. Sale prices rose from 600K to 637K, and price per square foot grew from 958 to 1,077, reflecting stable or slightly rising values amid some market slowdown.
Median sale prices for one-bedrooms slightly increased from 600K to 637K, with higher price per square foot, suggesting steady demand and price appreciation in this segment.
THREE BEDROOMS
There were no new contracts for 3-bed units this period, down from 1 last year, and median days on market increased from 35 to undefined, reflecting very limited activity. Recorded sale prices surged from 1.25M to 1.68M, with a significant jump in price per square foot, indicating high-value sales persisting despite low contract activity.
Median prices for 3-bed condos increased considerably from 1.25M to 1.68M, suggesting few premium sales are elevating the market overall, despite a slowdown in contract activity.
No new contracts for 4-bedroom units this period, down from 2 last year, with median days on market increasing to 349 days, indicating very sluggish activity. Recorded sales saw prices jump from 907K to 2.97M, with higher price per square foot, showing high-end sales continue to push valuations upward despite limited signing activity.
Median sale prices for 4-bedroom condos rose sharply from 907K to nearly 3M, reflecting continued strength in luxury segments even as overall contract activity slows.
CO-OP MARKET REPORT
In Queens, contracts signed for co-op units decreased from 26 to 22, with a slight increase in median days on market from 58.5 to 76 days, indicating a modest slowdown in signing activity. Recorded sales saw prices holding steady, with median price at $326K compared to $325K last year, but asking prices per square foot rose from $368 to $406, suggesting increased valuation.
Median sale prices for co-ops in Queens stayed roughly the same at around $326K, with a notable increase in price per square foot from $368 to $406, reflecting rising property values despite fewer contracts signed and longer time on market.
Contracts for studios declined from 5 to 4, and median days on market increased sharply from 78 to 157 days, pointing to softer demand and longer selling times. Recorded sales show a drop in median price from $220K to $176K with stable price per square foot, indicating lower sale prices but steady unit valuation.
Median sale price for studios decreased from $220K to $176K, while price per square foot remained stable at around $364. The lower median price and fewer contracts suggest reduced buyer activity for studios in Queens.
ONE BEDROOMS
1-bed contracts slightly decreased from 10 to 9, with days on market increasing from 58.5 to 75.5 days, signaling a softer market. Recorded sales saw median prices increase from $278K to $298K and price per square foot rise from $349 to $387, showing retained or improved valuation amidst slower activity.
Median sale price for 1-bed units rose by approximately $20K to $298K, and price per square foot increased similarly, indicating stable or improving value despite a slight dip in signed contracts and longer market times.
TWO BEDROOMS
Contracts for 2-bed units increased from 7 to 8, with median days on market extending from 46 to 69 days, reflecting some ongoing demand but also longer sale periods. Recorded prices increased from $370K to $390K, with a rise in price per square foot from about $403 to $425, signifying vendor confidence.
Median sale prices lifted by $20K to $390K, with a higher price per square foot, indicating strong value retention or appreciation despite longer time on market.
THREE BEDROOMS
3-bed contracts declined from 4 to 1, and median days on market nearly doubled from 75.5 to 26 days, suggesting decreased activity but possibly a more selective buying process. Recorded prices decreased from $503K to $443K, with a slight increase in price per square foot, hinting at some valuation stability.
Median sale price for 3-beds decreased by about $60K, while price per square foot rose slightly, showing some softening in overall transaction volume but stable pricing on sold units.
FOUR+ BEDROOMS
No contracts were signed for 4-bed units this period, down from previous totals, and no recorded sales occurred, indicating a significant reduction in activity in larger homes.
With no recent sales, price trend data isn't available for 4-bed units, but previous high values suggest they are less frequently transacted currently.
TOWNHOUSE MARKET REPORT
In Queens, contract signings for townhouses have significantly decreased this October compared to last year, with only 7 contracts versus 26 in the prior year. The average days on market slightly decreased to 58 days from 65, but overall activity remains subdued.
The median sale price rose to approximately 940K from 869K, and the price per square foot increased to 561 from 536, indicating a stabilization or slight uptick in values despite lower transaction volume.
QUEENS MONTHLY REAL ESTATE OVERVIEW
The Queens real estate market in October 2025 showed varying trends across different property segments. Overall, there is an increase in new listings across all categories, while the market is experiencing mixed outcomes in contract signings and recorded sales
Marketwide Overview
Overall marketwide contracts signed decreased significantly by 26 44%, while new listings saw a growth of 18 37% The average price per square foot slightly increased by 3.67%, and the average price rose by 1.51%, indicating a minor price appreciation Recorded sales rose considerably by 33 13%
New Development
New development contracts signed plummeted by 61 29%, highlighting a notable cooling in this segment However, new listings surged by 60.47%. The dollar volume is up by 42 28%, suggestive of thriving interest despite fewer contracts.
Luxury
Luxury ($4M+) properties had a positive performance, with average prices rising by 19.99%. The dollar volume more than doubled, increasing by 115.97%. New luxury listings also saw a substantial rise of 80%
Resale Condo
The resale condo market was softer with a 23.08% decline in signed contracts, but new listings rose by 32 87% Average prices and dollar volume reflected moderate adjustments, with prices dipping slightly
Resale Co-op
The resale co-op market displayed more stability with a significant rise in contracts signed by 37.50% and recorded sales up by 29 35% The average price decreased slightly, yet the market remains active as evidenced by an 11 62% rise in dollar volume