Mark Karten's Market Report

Flushing, NY 11355

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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 $368,000 with the market action index hovering around 28. This is less than last month's market action index of 34. Inventory has increased to 87. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Flushing, NY 11355

Tue Oct 19 2021
This week the median list price for Flushing, NY 11355 is $368,000 with the market action index hovering around 28. This is less than last month's market action index of 34. Inventory has increased to 87. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Flushing market.
Median List Price $368,000
Median Price of New Listings $434,000
Per Square Foot $412
Average Days on Market 62
Median Days on Market 49
Price Decreased 30%
Price Increased 3%
Relisted 1%
Inventory 87
Median Rent $2,390
Market Action 28
Slight Buyer'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
$479,000 1,200 - 2 2 61 3 1 49
$388,000 1,000 - 2 1 66 1 1 45
$347,500 813 - 1 1 65 0 0 52
$285,000 675 - 1 1 67 2 1 31