Jamaica, NY 11434 Real Estate Market Report

ZIP Code: 11434
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the market in Jamaica, NY (ZIP: 11434) reflects a median sold price of $683,000, indicating robust market activity despite a recent cooling trend. The neighborhood has shown a consistent upward trajectory, with prices up overall, suggesting a resilient demand for housing. However, the median days on market have extended to 270 days, signaling a slower sales velocity compared to previous periods, which may indicate a shift in buyer sentiment or market dynamics.

The current median listing price stands at $684,500, closely aligned with the sold price, which suggests that sellers are adjusting their expectations to meet market realities. Elevated inventory levels are present, creating an environment of excess supply relative to sales activity. This could lead to increased competition among sellers and potential pricing friction in the near future, as buyers may have more options to consider.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Jamaica NY 11434 area average around 6.12% to 6.34%, which is comparable to the general 2026 market average of 5.87% to 6.18% seen recently.

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 $683,000 reflects strong market performance, with prices up overall.

2. A median days on market of 270 days indicates a slower sales velocity, suggesting a potential shift in buyer activity.

3. The median listing price of $684,500 is closely aligned with the sold price, indicating that sellers are adjusting to market conditions.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to increased competition among sellers.

5. The median market rent of $3,316 shows a strong rental demand, contributing to the overall positive economic activity in the area.

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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.