Queens, the largest and most diverse borough of New York City, has always held a unique position in the real estate market. Unlike Manhattan’s luxury-driven market or Brooklyn’s trendy hotspots, Queens offers a balance of affordability, suburban comfort, and urban convenience. As of 2025, the borough continues to attract homebuyers, renters, and investors alike—but the market has shifted in several important ways.
In this blog, we’ll explore the current real estate trends in Queens, what’s driving them, and what buyers, sellers, and investors should know moving forward.
1. Home Prices Continue to Rise, but at a Slower Pace
Over the past decade, Queens has experienced steady growth in home prices. While the double-digit spikes of the post-pandemic years have levelled off, 2025 still shows modest appreciation across most neighbourhoods.
- Average home price growth: Between 2% and 5%, depending on location.
- High-demand neighbourhoods like Astoria, Long Island City, and Bayside continue to command higher prices due to proximity to Manhattan, transit access, and lifestyle amenities.
- Outer neighbourhoods like Jamaica, Ozone Park, and parts of Flushing are seeing steadier but consistent growth, appealing to first-time buyers and investors.
This steady appreciation signals a healthy, sustainable market rather than an overheated one.
2. Mortgage Rates Shaping Buyer Decisions
One of the biggest factors influencing the Queens market is the mortgage rate environment. With rates hovering around 6–7%, many buyers are reconsidering their budgets.
- Some buyers who were previously looking at single-family homes are shifting to co-ops or condos.
- Others are delaying purchases altogether and choosing to rent instead.
- Sellers are having to adjust expectations, understanding that buyers’ purchasing power is lower than it was just a few years ago.
The impact? Homes priced correctly are still moving quickly, but overpriced listings are lingering on the market.
3. Inventory Challenges Persist
Another defining trend is the limited inventory of available homes.
- Supply is tight, especially in neighbourhoods close to Manhattan with strong school districts.
- Many long-time homeowners are holding onto their properties, reluctant to sell because they would also face higher borrowing costs for their next purchase.
- The lack of inventory has created competition among buyers, particularly for updated homes in move-in condition.
This supply-demand imbalance is keeping prices relatively stable, despite higher mortgage rates.
4. Rentals Are Surging in Demand
Queens has always been a hub for renters, but 2025 is seeing unprecedented rental demand.
- Rental prices are climbing as more would-be buyers postpone purchasing due to high interest rates.
- Multi-family properties are especially popular with investors, as they can generate strong rental income in this environment.
- Areas near transit lines, like Jackson Heights, Elmhurst, and Forest Hills, are seeing particularly high demand.
For tenants, this means rising rents. For landlords, it’s a favourable market.
5. Neighbourhood Trends to Watch
Not all Queens neighbourhoods are moving at the same pace. Some are emerging as hotspots, while others are offering affordable entry points.
- Astoria & Long Island City: Popular with young professionals and investors, demand remains strong here thanks to cultural amenities, nightlife, and proximity to Manhattan.
- Forest Hills & Bayside: Family-friendly neighbourhoods with excellent schools and suburban charm continue to attract buyers seeking stability.
- Jamaica & Ozone Park: Offering affordability and accessibility, these areas are drawing first-time buyers priced out of western Queens.
- Flushing: Still a powerhouse in Queens real estate due to its strong commercial and residential growth, although some parts are becoming more expensive.
6. Investment Opportunities Remain Strong
Investors continue to view Queens as a smart place to build wealth through real estate.
- Multi-family properties offer reliable rental income in a high-demand market.
- Fix-and-flip opportunities are still available in emerging neighbourhoods.
- Long-term investors benefit from the borough’s steady appreciation and the ongoing development projects around transit hubs and commercial corridors.
Unlike Manhattan, which can be more volatile, Queens provides a balanced and resilient investment landscape.
7. What Buyers and Sellers Should Do in 2025
- For Buyers: Be prepared to act quickly when you find the right property, but also be patient in your search. Explore affordable neighbourhoods like Jamaica and Elmhurst, and consider co-ops or condos if single-family homes are out of budget.
- For Sellers: Work with a local agent who understands pricing strategies. Homes in good condition and priced fairly are still attracting strong offers. Don’t overprice, or you risk long days on market.
- For Investors: Look for multi-family opportunities and rental-heavy neighbourhoods. The rental market is one of the strongest we’ve seen in years.
Conclusion
The Queens real estate market in 2025 reflects both stability and opportunity. Prices are rising steadily but not dramatically, mortgage rates are shaping buyer behaviour, and rentals are booming. For sellers, low inventory continues to provide leverage, while buyers must balance patience with decisiveness.
Whether you’re looking to buy your first home, sell your property, or invest in multi-family real estate, Queens offers a dynamic market that remains one of the most accessible and promising in New York City.
About Ximena Ibarra
With 30+ years of experience in the New York City real estate market, Ximena Ibarra is a trusted seller’s agent who provides clients with expert insights and personalized service. From timing the market to pricing strategies and staging, Ximena has a proven track record of helping sellers maximize their property’s value. Whether you’re planning to list your home in fall or waiting for the right moment, Ximena can guide you through every step of the process.
Contact:
Ximena Ibarra
Licensed Real Estate Associate Broker
Phone: (646) 296-5016
Email: ximenaibarra@yahoo.com
Website: www.ximenaibarra.com
Let Ximena help you make the most of your NYC real estate journey!
