Queens Real Estate Report: October
The Queens market held steady in October 2026. The median sale price rose 2.2% to $690,000, buyers paid an average of just 3% below the original list price, and inventory stayed 3.3% below last year, according to the Compass Queens Market Insights report for October 2026. Houses led the gains, with the median house price up 4.9% to $965,000, while condo buyers gained leverage as condo listings rose and contracts slowed.
- Contracts signed888
- Homes for sale5,830
- Average discount from list3%
- Average days on market89
01
How busy was the Queens market in October 2026?
A little quieter than September. Buyers signed 888 contracts, down 5.3% from 938, and 9.9% below the 986 signed in October 2025. Co-op contracts held up best, rising 1.7% from September, while house contracts fell 7.1% and condo contracts fell 14.9%.
Closed sales, which reflect deals signed over the summer, rose 5.6% from September to 1,241. Homes also went into contract faster, averaging 89 days on market compared with 97 in September.
02
Are Queens home prices going up?
Modestly, and houses are leading. The overall median sale price rose 2.2% from last year to $690,000. The median house price rose 4.9% to $965,000, and house price per square foot rose 5.9% to $624.
Condos and co-ops were flatter. The median condo price rose 2.4% to $650,000, but condo price per square foot fell 4.9% to $918. The median co-op price dipped 2.9% to $335,000, which keeps co-ops the most affordable way to own in Queens.
03
Is there more inventory in Queens?
About the same as last month, and less than last year. There were 5,830 homes for sale in October, up 0.9% from September but down 3.3% from 6,029 a year ago.
The mix is shifting. Co-op inventory fell 10.6% from last year and house inventory was flat, but condo inventory rose 4.0%, making condos the only property type with more listings than in October 2025. Co-ops are the largest share of listings at 38%, followed by houses at 34% and condos at 28%.
04
Which parts of Queens are buyers signing in?
Central Queens, which drew 44% of October contracts on 40% of listings. Southwestern and Southeastern Queens also signed slightly more than their share of listings.
Northwestern Queens, which includes Astoria, where I live, and Long Island City, was almost exactly balanced, with 21% of contracts and 22% of listings. Northeastern Queens had slightly more supply than demand, with 22% of contracts on 25% of listings, giving buyers a little more choice.
Source: Compass Queens Market Insights report for October 2026.
05
How do condos, co-ops and houses compare?
Houses led October contracts at 42%, followed by co-ops at 40% and condos at 18%. Houses also sold fastest, at 68 days on average, while co-op buyers paid the closest to asking, with a 2% average discount. Condos took the longest, at 119 days.
October 2026 | All | Condos | Co-ops | Houses |
|---|---|---|---|---|
Median sale price | $690,000 | $650,000 | $335,000 | $965,000 |
Change from Oct 2025 | +2.2% | +2.4% | −2.9% | +4.9% |
Average price per sq ft | $592 | $918 | $419 | $624 |
Average days on market | 89 | 119 | 98 | 68 |
Average discount | 3% | 5% | 2% | 4% |
Inventory | 5,830 | 1,647 | 2,198 | 1,985 |
Contracts signed | 888 | 160 | 359 | 369 |
Source: Compass Queens Market Insights report for October 2026. Prices are recorded sale prices; days on market is for homes that went into contract.
06
What does November mean for buyers and sellers?
October's numbers point to a steady November, with leverage depending on what you're buying or selling.
If you're buying
- Condos offer the most room to negotiate. Listings are up 4.0% from last year and contracts are down 12.6%.
- Expect competition for houses, which sold in 68 days on average.
- Co-ops remain the most affordable entry point, at a $335,000 median.
If you're selling
- House sellers are in the strongest position, with prices up 4.9% and inventory flat.
- Co-op sellers face 10.6% fewer competing listings than a year ago.
- Condo sellers should price carefully. Condos average 119 days on market and a 5% discount.
Frequently asked questions
How is the Queens real estate market in October 2026?
Steady. The median sale price rose 2.2% to $690,000 and buyers paid an average of just 3% below the original list price. Contracts signed slipped 5.3% from September to 888 and were 9.9% below October 2025, while inventory was 3.3% lower than a year ago.
What is the median home price in Queens right now?
$690,000 in October 2026, up 2.2% from both September and October 2025. The median was $650,000 for condos, $335,000 for co-ops and $965,000 for houses.
Are Queens home prices going up?
Modestly, led by houses. The median house price rose 4.9% from last year to $965,000 and house price per square foot rose 5.9% to $624. The median condo price rose 2.4%, while the median co-op price dipped 2.9%.
How many homes are for sale in Queens?
5,830 in October 2026, up 0.9% from September but down 3.3% from 6,029 a year earlier. Co-op inventory fell 10.6% from last year, while condo inventory rose 4.0%, the only property type with more listings than a year ago.
Which part of Queens is most in demand?
Central Queens. It accounted for 44% of October contracts on 40% of listings, the largest share of activity in the borough. Southwestern and Southeastern Queens also drew slightly more contracts than their share of listings.
How long does it take to sell a home in Queens?
Homes that went into contract in October averaged 89 days on market, down from 97 in September. Houses moved fastest at 68 days, co-ops took 98 days and condos 119.
Is November a good time to buy a condo in Queens?
It can be. Condo inventory is up 4.0% from last year while condo contracts are down 12.6%, and condos take the longest to sell, so buyers have more choice and room to negotiate. Contact Darrell Williams to talk through your search.
Want to know what November's Queens market means for your home or your search? Contact Darrell Williams for a private consultation, or view my Compass profile and listings.
