Mark Karten's Market Report

Flushing, NY 11354

Single-Family Homes

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



Flushing, NY 11354

Wed Jul 06 2022
This week the median list price for Flushing, NY 11354 is $1,229,500 with the market action index hovering around 36. This is less than last month's market action index of 46. Inventory has decreased to 20. 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 11354

Wed Jul 06 2022
This week the median list price for Flushing, NY 11354 is $1,229,500 with the market action index hovering around 36. This is less than last month's market action index of 46. Inventory has decreased to 20. 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 $1,229,500
Median Price of New Listings $1,208,500
Per Square Foot $748
Average Days on Market 125
Median Days on Market 84
Price Decreased 35%
Price Increased 0%
Relisted 0%
Inventory 20
Median Rent
Market Action 36
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
$1,340,000 2,394 4,500 - 6,500 sqft 4 3 92 1 0 21
$1,298,888 1,480 0 - 4,500 sqft 4 3 82 0 0 56
$926,000 990 0 - 4,500 sqft 3 2 92 1 1 98
$618,000 950 0 - 4,500 sqft 2 2 16 0 1 189