Queens, NY Housing Market & Real Estate Update: Pricing firm, inventory tight, two projects progress
Queens, NY – March 4, 2026 – Recent snapshots show firm pricing and slower-moving listings, while two mixed-income and affordable developments in Jamaica and Bayside add future …
Queens, NY
Top takeaways
- Redfin’s recent snapshot shows the median sale price at $785K last month, up 4.6% year over year.
- Homes are still taking time to move, with about 101 days on market in the latest Redfin data.
- Buyers and sellers are also tracking value per square foot, which Redfin lists at $567 in the most recent month.
Market snapshot
With limited inventory and longer marketing times, pricing can look steady even as negotiations stay active. For buyers, days on market and price-per-square-foot trends can help separate well-positioned listings from those that may need sharper pricing. For sellers, the current pace highlights the importance of preparation and realistic expectations on timing.
Development watch
Two projects to keep on the radar: BRP Cos. closed $303M in construction financing for Archer II, a 400-unit mixed-income tower planned for downtown Jamaica. In northeast Queens, a 248-unit Bayside project moved ahead, including income-restricted apartments and senior care units.