Jamaica, NY Home Values & Market Trends
Real estate market trends reflect that there have been 4,886 transactions over the past year in Jamaica. The median value for residential home transactions that occurred over the previous year is $733,684.86. The number of current listings in Jamaica is 759, and the percentage of properties for sale in the city is 759.00%. Jamaica, NY currently has 3,222 properties in foreclosure, 20 bank owned properties, 111 properties headed for auction, and 759 properties for sale.
Jamaica, NY Real Estate Market Overview
Housing Market Summary for Jamaica, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $750K | $732.8K | -2.29% |
| Median Sold Price | $725.2K | $732.8K | 1.05% |
| Homes For Sale | 571 | 710 | 24.34% |
| Homes Sold | 2,869 | 2,644 | -7.84% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Jamaica, NY
Browse Homes in Jamaica, NY
Jamaica home values range from $52,464 to $95,750,636. The median estimated value of a home in Jamaica is $733,684.86. The median list price of a home is 749,000, and the total count of properties in the city is 117,089.
- Pre-ForeclosurePre-foreclosure homes account for 2.64% of all residential properties in Jamaica, NY with 11434 containing 337 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 8 zips within Jamaica, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,297,000 in 11432 to the lowest home value of $163,695 in 11433.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Jamaica, NY ranges from the highest value of $1,080,000 in 11433 to the lowest value of $583,461 in 11436. Bank owned homes and properties account for 0.02% of properties in Jamaica, NY. There are 8 zips within Jamaica, NY; 11433 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions11433 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Jamaica, NY. Auction homes and other auction properties account for 0.09% of all properties in Jamaica, NY. There are 8 zips within Jamaica, NY; of those zips, the median estimated home value for homes going to auction ranges from $1,620,000 in 11432 to the lowest value of $518,243 in 11432.
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More Real Estate Resources for Jamaica, NY
Guide for Jamaica, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
