Flushing, NY 11377 Real Estate Market Report

ZIP Code: 11377
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Flushing, NY 11377 are 6.25%, which is 0.50% higher than the 5.75% market average observed in early March 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. 944,000 is the primary indicator of market value based on recent transactions, signaling that recent closed sales center around this price and price trends are up year-over-year.

2. median days on market 324 points to slower sales velocity and suggests pricing friction or longer decision cycles despite recent transaction values, which may require sellers to set more competitive expectations.

3. median price per square foot 734 alongside median market rent 3,100 indicates a high-price, high-rent neighborhood profile; with rent year-over-year trend up, landlords and investors should monitor rent growth for income stability.

4. elevated interest rate pressure is present with a property rate comparison showing 6.25% for 30-year fixed mortgages in Flushing versus a 5.75% market average observed in early March 2026, which may make buyers more selective and amplify sensitivity to price and financing terms.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Flushing, NY 11377 Real Estate Market Report

ZIP Code: 11377
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Flushing, NY 11377 are 6.25%, which is 0.50% higher than the 5.75% market average observed in early March 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of recent market value is the median sold price: $350,000, which — alongside a median days on market of 113 — suggests realized transaction prices are moderating even as turnover appears slower; up year‑over‑year price trend supports continued appreciation but longer time-to-sell points to measured liquidity.

2. A pronounced gap between the median listing price of $615,000 and the median sold price of $350,000 may indicate pricing friction between seller expectations and what buyers are paying in completed transactions, so sellers should consider realistic pricing or staged concessions to improve sale velocity.

3. The median price per square foot of $515 and the median market rent of $3,195 provide a unit-level valuation context for SFR and condos; combined with a neutral market temperature, this suggests pricing is supported but not uniformly strong across segments, so underwritten deals should use recent sold prices as the primary comparator.

4. Interest costs are a notable headwind: the current 30‑year fixed rate for local properties is 6.25%, which is 0.50% higher than the recent market average, and with elevated interest rate pressure buyers will be more rate‑sensitive — sellers and investors should factor higher financing costs into offers and hold/sell timing decisions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.