Mark Karten's Market Report

Flushing, NY 11358

Single-Family Homes

Licensed Real Estate Broker | REALTOR® | 917-502-2635 | mark@kresnyc.com



Flushing, NY 11358

Tue Oct 19 2021
This week the median list price for Flushing, NY 11358 is $1,080,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 47. Click here to stay informed with the Flushing market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Flushing, NY 11358

Tue Oct 19 2021
This week the median list price for Flushing, NY 11358 is $1,080,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 47. Click here to stay informed with the Flushing market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Flushing market.
Median List Price $1,080,000
Median Price of New Listings $868,000
Per Square Foot $673
Average Days on Market 89
Median Days on Market 56
Price Decreased 36%
Price Increased 4%
Relisted 6%
Inventory 47
Median Rent
Market Action 35
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,590,000 2,992 4,500 - 6,500 sqft 5 4 71 0 1 84
$1,179,000 1,603 0 - 4,500 sqft 4 3 86 1 1 66
$949,000 1,444 0 - 4,500 sqft 3 2 86 1 1 42
$794,000 1,214 0 - 4,500 sqft 3 2 78 3 1 49