Flushing, NY 11377 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The primary market value indicator is the 944,500 median sold price, which suggests recent transaction-level pricing around this mark and should be used as the baseline for valuation conversations rather than asking prices; use representative recent sale pricing when advising sellers or underwriting offers.
2. Liquidity appears slow given the 668 median days on market, which may indicate protracted negotiation timelines and the need for phased marketing or pricing concessions to accelerate closings; slower sales velocity suggests conservative seller expectations on timing.
3. Price depth shows a 714 median price per square foot alongside a 3,100 median market rent, indicating rent levels are rising while property values are showing moderate appreciation—price per square foot should be used to benchmark comparables in appraisal and investor screening; rising rents support buy-and-hold scenarios but require underwriting at current rent levels.
4. Market context is neutral with a year-over-year price trend listed as up and rent year-over-year trend also up, while interest rate pressure is described as moderate; these mixed signals suggest maintaining flexible offer structures and stress-testing deals against continued rate pressure.

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.