Market Snapshot: Jackson Heights

For our second round of the Queens Market Snapshot, our friends at PropertyShark compiled sales numbers on the Jackson Heights real estate market. (We used the following borders: Grand Central Parkway to the north, 94th Street/Junction Boulevard to the East, Roosevelt Avenue to the south, and BQE/Broadway to the west.) As you can see above, the median sales price for all residential sales took a sharp dip back in 2005 and has been trading in a fairly narrow range since then. While the median price remains stable between $200,000 and $300,000, sales volume has been relatively subdued for the past three years.

The median price for condos and co-ops is currently around $200,000. Similar to the overall market, the number of sales in the past three years has been roughly half of what it was in the 2005 to 2008 period. Single and two-family home prices saw less of a percentage decline than other areas of the market, hovering around $500,000 for most of the past four years.

PropertyShark also dug up numbers for the priciest sales in the neighborhood, as well as the cheapest and most expensive units on the market. The most expensive sale happened back in 2008, a one-family house at 34-40 86 Street for $995,000. A current property on the market hopes for much more than that — 37-21 75th Street is asking $2,900,000. The cheapest Jackson Heights apartment on the market now is a studio at 108-05 Astoria Boulevard asking $75,000; in the Brownstoner Marketplace the cheapest unit is a 700-square-foot studio at 90-11 35th Avenue. Click through to see lots of graphs and more numbers.

Market Snapshot: Astoria [Brownstoner]