Queens real estate market at a glance

Limited supply, not a lack of demand, shaped the quarter. Rates rose and the first rate hike since 2023 arrived, yet buyers kept closing, and sellers gave up only 3% from their initial list price on average. Houses were the growth engine, while condo and co-op sales dipped from a year ago even as their prices rose.

Source: Compass Queens Market Report, Q3 2026 (July 1 through September 20, 2026), based on REBNY RLS, ACRIS and HGAR data.

Where Queens buyers are spending

The top of the market was the most active. Closings at $1.5 million and above rose 28.4% from a year ago. House sales split cleanly at $750,000: every price bracket below it declined, while every bracket above it grew by double digits. Condo closings between $1 million and $1.5 million jumped 47.4%, and condo sales above $1.5 million rose 26.7%. The average condo price per square foot climbed 7.9% to $1,013.

Entry-level buyers stayed in the game too. Co-op sales between $500,000 and $750,000 rose 24.6%, and co-op contracts below $500,000 posted single-digit gains, a sign that first-time buyers are still engaging despite higher borrowing costs.

Contracts and inventory: what's ahead for Queens

Contracts signed were nearly flat from a year ago, down just 0.1%, which points to a steady pace of closings in the fourth quarter, especially for condos and higher-priced houses. Condo contracts between $500,000 and $750,000 rose 13.7%.

Supply stayed tight. Queens ended the quarter with just under 6,000 active listings, down 6.4% from a year ago. New listings fell 5.7%, with co-ops down 12.6% and houses down 6.7%. Condos were the exception, with 8.1% more new listings. Submarkets that kept a similar number of listings to last year saw stronger contract and sales activity, which shows that buyers act when the right homes are available at the right price.

Queens neighborhoods: Q3 2026 submarket breakdown

Here's how each part of Queens performed compared with the third quarter of 2025. The bars show each submarket's share of the borough's closed sales.

• Northeastern Queens

  Bayside, Flushing, Fresh Meadows, Whitestone, Douglaston-Little Neck, Auburndale, Bay Terrace, Glen Oaks, Kew Gardens Hills and more
  777House sales, up 23.5%

  $1,100,000Median house price, up 3.0%

  $359,000Median co-op price, up 4.1%
  The borough's busiest submarket and its biggest growth story. House sales jumped 23.5% from a year ago, and house sales volume rose 26.0% to $923.5 million. Condo prices per square foot climbed 8.7% to $929.

• Central Queens

  Forest Hills, Rego Park, Kew Gardens, Jackson Heights, Elmhurst, Corona, Ridgewood, Middle Village, Woodside and more
  458House sales, up 7.3%

  $1,047,500Median house price, up 4.8%

  $585,000Median condo price, up 7.3%
  Houses carried Central Queens this quarter. Co-op sales fell 13.5% to 571, but co-op prices held, with the median unchanged at $330,000.

• Southeastern Queens

  Jamaica Estates, Jamaica Hills, Hollis, Queens Village, Cambria Heights, St. Albans, Rosedale, Laurelton and more
  588House sales, flat

  $770,000Median house price, up 4.1%

  1%Average house discount
  Almost every sale here is a house, and sellers are getting close to full price: the average house discount was just 1%. Co-op sales rose 76.0% to 44.

• Northwestern Queens

  Astoria, Astoria Heights, Long Island City (Hunters Point), Sunnyside and Blissville
  $915,000Median condo price, up 7.6%

  $1,343Condo price per sq ft, up 7.5%

  $1,450,000Median house price, up 12.8%
  The highest prices in the borough, and still rising. Condo sales held steady at 188, while the median house price climbed 12.8%. In Astoria, where I live, new development condos are selling slightly better than resales right now.

• Southwestern Queens

  Howard Beach, Ozone Park, South Ozone Park, Richmond Hill and Woodhaven
  298House sales, up 8.8%

  $824,500Median house price, up 1.6%

  $520House price per sq ft, up 5.7%
  Steady house demand, plus a jump in condo sales to 30 from 18 a year ago. Condo buyers paid close to asking, with an average discount of just 1%.

• The Rockaways

  Arverne, Belle Harbor, Breezy Point, Far Rockaway, Neponsit, Rockaway Park, Rockaway Beach and more
  116House sales, down 15.9%

  $767,444Median house price, down 0.9%

  9%Average house discount
  The one submarket where house sales fell, and buyers had the most room to negotiate, with houses selling for 9% below their initial list price on average.

My recent Queens sales

Click an address for details.

• 34-32 35th Street #2DAstoria$820,000
• 31-22 29th Street #4AAstoria$999,000
• 11-24 31st Avenue #4EAstoria$990,000
• 11-24 31st Avenue #7CAstoria$695,000

What Q3 means for Queens buyers and sellers

1. Houses are driving the market.House sales rose 8.7%, with gains in nearly every submarket and the strongest growth above $750,000.
2. Demand outpaces supply.Inventory fell 6.4% and new listings fell 5.7%, so well-priced homes are drawing serious buyers.
3. Higher rates haven't stopped buyers.Sales rose even as mortgage rates moved above 7%, and contracts held flat, pointing to a steady fourth quarter.
4. Location changes the negotiation.Discounts ranged from about 1% in Southeastern Queens to 9% for houses in the Rockaways, so pricing has to start from local comparables.