Mark Karten's Market Report

Flushing, NY 11355

Single-Family Homes

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



Flushing, NY 11355

Tue Oct 19 2021
This week the median list price for Flushing, NY 11355 is $1,239,000 with the market action index hovering around 47. This is an increase over last month's market action index of 39. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Flushing, NY 11355

Tue Oct 19 2021
This week the median list price for Flushing, NY 11355 is $1,239,000 with the market action index hovering around 47. This is an increase over last month's market action index of 39. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Flushing market.
Median List Price $1,239,000
Median Price of New Listings $3,800,000
Per Square Foot $739
Average Days on Market 93
Median Days on Market 35
Price Decreased 15%
Price Increased 5%
Relisted 0%
Inventory 20
Median Rent $2,390
Market Action 47
Strong Seller's Market

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$2,990,000 2,834 4,500 - 6,500 sqft 4 3 101 2 0 42
$1,380,000 1,718 0 - 4,500 sqft 3 3 71 0 1 7
$1,098,000 1,272 0 - 4,500 sqft 3 2 86 0 2 28
$799,000 1,298 0 - 4,500 sqft 3 2 71 1 0 70