Mark Karten's Market Report

Flushing, NY 11355

Condos/Townhomes

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 $656,500 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has decreased to 168. 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 11355

Tue Oct 19 2021
This week the median list price for Flushing, NY 11355 is $656,500 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has decreased to 168. 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 $656,500
Median Price of New Listings $589,000
Per Square Foot $916
Average Days on Market 125
Median Days on Market 112
Price Decreased 16%
Price Increased 5%
Relisted 4%
Inventory 168
Median Rent $2,200
Market Action 31
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
$847,500 855 0 - 4,500 sqft 2 2 2 1 1 147
$722,500 773 - 2 2 1 0 1 133
$618,000 635 0.25 - 0.5 acre 1 1 4 3 6 105
$495,500 579 0 - 4,500 sqft 1 1 11 1 5 59