Jamaica, NY 11421 Real Estate Market Report

ZIP Code: 11421
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Jamaica, NY is currently characterized by a median sold price of $749,999, reflecting a robust market with consistent price appreciation. This upward trend in pricing suggests a strong demand relative to supply, although the market is experiencing some balancing characteristics. The median days on market stands at 387, indicating a slower sales velocity, which may suggest that while prices are rising, the transaction pace is not as brisk as one might expect in a high-demand environment.

With elevated interest rate pressure impacting buyer affordability, the market temperature is assessed as neutral. This indicates that while prices are increasing, the overall transaction volume is moderate, leading to a potential cautionary stance among buyers. The median market rent has also risen to $3,600, reflecting strong rental demand, which may provide additional context for the ongoing price appreciation in the sales market.

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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 in Jamaica, NY are averaging 6.45%, which is 0.25% higher than the 2026 average of 6.20%.

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 median sold price of $749,999 indicates a strong market with consistent price appreciation.

2. With 387 days on market, the sales velocity appears to be slower, suggesting potential pricing friction.

3. The median market rent has increased to $3,600, highlighting strong rental demand in the area.

4. Current interest rate pressure is elevated, which may impact buyer affordability and overall market activity.

5. The market temperature is assessed as neutral, indicating balanced conditions despite rising prices.

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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.