Queens, NY Real Estate Market Update: Summer 2025 Trends Every Buyer & Seller Should Know
- mrsniccolgordon
- Jul 17
- 2 min read
Published: July 17, 2025
If you’re thinking about buying, selling, or renting in Queens, NY, understanding the current market conditions is key to making smart decisions. Here’s what’s shaping the real estate landscape in Queens this summer:
Median Home Prices Are Holding Steady
As of July 2025, the median home price in Queens sits around $710,000, reflecting a 3% increase year-over-year.
Single-family homes: Median $800,000
Condos/co-ops: Median $450,000
Multi-family homes: Median $1.1 million
While price growth has slowed compared to 2021–2023 peaks, demand remains strong, especially in neighborhoods like Jamaica, Astoria, and Forest Hills.
Seller Note: Homes priced correctly are still moving fast, especially in the $600,000–$850,000 range.
Rental Market Insights: Strong Demand, Higher Rents
Queens’ rental market remains competitive:
1-Bedroom Apartments: Average $2,400/month
2-Bedroom Apartments: Average $3,100/month
With mortgage interest rates still elevated, many potential buyers are choosing to rent. Areas like Long Island City and Ridgewood are seeing especially high rental demand.
Investor Note: Multifamily properties and rental investments in Queens continue to deliver solid returns with low vacancy rates.
Interest Rate Trends: What Buyers Need to Know
As of mid-July 2025, average mortgage rates are hovering around:
30-Year Fixed: 6.5%–6.7%
15-Year Fixed: 5.9%–6.1%
While this is slightly down from early 2024 highs, it’s still historically elevated. Buyers need to budget carefully and get pre-approved to stay competitive.
Local Economic Factors Impacting Real Estate
Several local trends are influencing Queens real estate:
Continued population growth from Brooklyn and Manhattan spillover
Transit projects like the Interborough Express are boosting interest in Ridgewood and Middle Village
Job market stability with growth in healthcare, education, and small business sectors
Queens remains one of the most resilient boroughs in terms of both homeownership and rental opportunities.
Final Thoughts:
Whether you’re looking to buy, sell, or invest in Queens real estate this summer, staying informed is essential. Every neighborhood has its own pulse, and opportunities are out there if you know where to look.
Have questions or want a custom market report for your block?
I’m here to help you navigate the Queens real estate market with confidence.
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