Back to all insights Queens Q4 2024 Market Report-
This report provides an in-depth overview of the Queens real estate market, highlighting recent transactions and sales performance metrics while capturing the trends and opportunities shaping the market
The Queens real estate market in Q4 2024 experienced notable growth, with total transaction volume reaching $151.55 million—an increase of 57% year over year. The number of transactions rose by 18%, reflecting increased investor activity across multifamily, mixed-use, and development properties. Multifamily sales led the market with $67.53 million in transactions and 371 units sold, while mixed-use properties saw $20.43 million in sales. Development activity remained steady, with over 105,000 buildable square feet sold, highlighting continued interest in future growth. These figures indicate a strong demand for investment properties in Queens, driven by rising property values and expanding development opportunities.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from October 1, 2024 – December 31, 2024
Zip Codes: 11101, 11102, 11103, 11104, 11105, 11106, 11369, 11370, 11372, 11377, 11385
Neighborhoods: : Astoria Heights, Ditmars Steinway, East Elmhurst, Hunter’s Point, Jackson Heights, Long Island City, Old
Astoria, Ridgewood, South Astoria, Sunnyside, Sunnyside Gardens, Woodside
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