A borough at a record high — with a wide spread underneath
Queens entered 2026 on a high note. According to the Douglas Elliman / Miller Samuel fourth-quarter report, the borough's median sale price reached $739,053 in Q4 2025, up 5.6% year-over-year — the highest quarterly median Elliman has ever recorded for Queens (QNS / Douglas Elliman, Jan 2026). That headline is real, but it averages over a borough where co-ops still close around $339,750 (+6.5% YoY), condos near $680,000 (−0.5%), and one-to-three-family homes around $910,000 (+4.6%) (Douglas Elliman, Q4 2025). In other words: the "Queens market" is at least three markets, and at the neighborhood level the spread is even wider.
Inventory is the other half of the story. StreetEasy reports Queens for-sale supply rose 17.7% in 2025 — the largest jump of any borough — with Flushing inventory up 48.4% and Long Island City up 36.4% (StreetEasy, 2025 Year in Review). More choice plus still-elevated mortgage rates is exactly the cocktail that lets prices set records in some pockets while softening in others.
Figures as of June 19, 2026; sources listed at the end.
The numbers, neighborhood by neighborhood
| Neighborhood | Median sale price | Price / sq ft | YoY trend | Days on market | Source (as-of) |
|---|---|---|---|---|---|
| Flushing | ~$687K | ~$750 | ≈ flat (−0.8%) | ~58 | Redfin (Nov 2025) |
| Long Island City | ~$1.03M | ~$959 | up (~+19%) | ~60–70* | Redfin (~Sep–Oct 2025); StreetEasy 2025 median asking ~$1.24M |
| Forest Hills | ~$430–445K | ~$475–485 (zip 11375 ~$640) | down (low single digits) | ~50–60* | Redfin (mid–late 2025) |
| Bayside | ~$860K neighborhood / ~$1.1M (zip 11361) | ~$677 (11361) | up sharply but volatile | ~45–60 | Redfin (2025) |
| Jackson Heights | ~$430K | ~$516 | down (−7%) | ~95 | Redfin (Oct 2025) |
*Days-on-market for LIC and Forest Hills are approximate; neighborhood-level DOM swings month to month on small sample sizes. Treat all single-neighborhood figures as directional, not precise — Redfin's neighborhood pages mix co-ops, condos, and houses and update monthly.
Flushing: flat prices, surging supply
Flushing's median sale price was roughly $687K in November 2025, essentially flat (about −0.8%) year-over-year, with price per square foot near $750 (down ~6.5%) and homes selling in about 58 days (Redfin, Nov 2025). The story here isn't price — it's the 48% inventory surge (StreetEasy, 2025). For buyers, that's the most negotiating leverage Flushing has offered in years. For sellers, it means pricing sharply and staging well; the days of naming a number and waiting are over in this submarket.
Long Island City: the priciest pocket, and the most rate-sensitive
LIC is the borough's high-water mark on price: a median around $1.03M, up roughly 19% year-over-year, with price per square foot near $959 (Redfin, ~late 2025). StreetEasy's 2025 median asking price for LIC was even higher at about $1,235,000 (StreetEasy, 2025) — a reminder that ask and close are not the same number. With inventory up 36% and a heavily condo, new-development profile, LIC is the most sensitive in Queens to interest-rate moves and concession-heavy negotiations. The per-square-foot swings in the data are large, so read LIC pricing per-building, not per-neighborhood.
Forest Hills: the value story softening at the margin
Forest Hills — a co-op-heavy, pre-war market — sat around a $430K–$445K median in mid-to-late 2025, down low single digits year-over-year, with price per square foot roughly $475–$485 at the neighborhood level (Redfin, 2025), while the broader 11375 zip ran richer at about $640/sq ft (Redfin, 2025). The split reflects property mix: Forest Hills Gardens houses pull the zip up, while Austin Street co-ops anchor the lower neighborhood median. For value-focused buyers priced out of Manhattan, this remains one of Queens' steadier entry points.
Bayside: real strength, noisy data
Bayside is where we'll be most candid: the data is genuinely strong but genuinely noisy. Redfin's neighborhood page showed a median around $860K, up ~42% year-over-year in November 2025, while the 11361 zip posted about $1.1M, up ~11%, with ~$677/sq ft and ~45 days on market (Redfin, 2025). A 42% neighborhood jump on a small monthly sample is almost certainly a property-mix artifact, not true appreciation — so we'd describe Bayside as appreciating in the high single to low double digits, with single-family houses doing the heavy lifting. Bayside's blue-ribbon schools keep house demand resilient even as rates bite.
Jackson Heights: prices down, time on market way up
Jackson Heights tells the clearest "buyer's market" story: median around $430K, down 7% year-over-year, price per square foot near $516 (up ~12%), and — most tellingly — homes sitting about 95 days on market, up from 71 a year earlier (Redfin, Oct 2025). The rising per-foot figure alongside falling median suggests smaller, well-priced units are still moving while larger co-ops linger. Sellers here should expect to negotiate; buyers have time to be patient.
What the data means for 2026
Three takeaways. First, inventory has rebalanced the borough — Queens is no longer a uniform seller's market; it's neighborhood-by-neighborhood and, increasingly, building-by-building. Second, rates still rule: the condo-heavy, higher-price pockets (LIC, new-development Bayside) move most when rates twitch, while co-op markets (Forest Hills, Jackson Heights) grind more slowly. Third, the median is a blunt instrument — every figure above shifts with property mix, so price your specific home off comparable closed sales, not a borough headline.
Reading these numbers correctly is the whole game, and it's where a bilingual, data-literate team earns its keep — Homix pairs neighborhood-level data with English- and Mandarin-language guidance and the media reach to get a listing seen by the right buyers across these communities. If you want a comp-based read on your block, reach out to us or browse current listings.