Mark Karten's Market Report

Flushing, NY 11358

Condos/Townhomes

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



Flushing, NY 11358

Wed Jul 06 2022
This week the median list price for Flushing, NY 11358 is $593,500 with the market action index hovering around 40. This is less than last month's market action index of 46. Inventory has increased to 12. 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 started cooling and prices have been flat for several weeks. Since 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

Wed Jul 06 2022
This week the median list price for Flushing, NY 11358 is $593,500 with the market action index hovering around 40. This is less than last month's market action index of 46. Inventory has increased to 12. 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 started cooling and prices have been flat for several weeks. Since 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 $593,500
Median Price of New Listings $238,000
Per Square Foot $759
Average Days on Market 61
Median Days on Market 42
Price Decreased 25%
Price Increased 8%
Relisted 0%
Inventory 12
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$820,000 1,440 0 - 4,500 sqft 3 2 62 0 0 35
$618,000 950 4,500 - 6,500 sqft 2 2 33 0 0 14
$555,000 790 6,500 - 8,000 sqft 1 1 36 0 0 56
$489,000 0 - 1 1 34 1 0 133