Sunnyside Real Estate Market Report
2015 Median Sale Price: $294,500
Located on the Western side of Queens and home to the charming historic district of Sunnyside Gardens, this neighborhood is attractive to buyers due to the easy access to Manhattan via the 7 subway line and due to its still affordable prices, especially if compared to its more famous neighbor, Long Island City.
In 2015, the median sale price for properties in Sunnyside overall reached $294,500 almost as high as in 2014 when it reached an all-time high. The median sale price per sqft has seen a steeper climb, from $539 in 2014 to $615 in 2015 (+14 %).
Top most expensive properties in Sunnyside are all located in the Gardens
The historic section of the neighborhood, commonly referred to as the Gardens, is a quiet enclave in the middle of a bustling city and buyers are showing more and more interest in purchasing in the area. Prices are of course going up, reflecting the increasing demand and rather low inventory.
The median sale price in Sunnyside Gardens alone went up to $305,000 in 2015 and that translated into a 56% increase compared to 2005. The $1.1M sale of a single family home at 4909 39 Avenue topped the list of most expensive homes of 2015 and it was the only transaction to have crossed the $1M mark.
Top 5 Most Expensive Sales in Sunnyside, Queens
|#||Address||Sale price||Sale date|
|1||4909 39 Avenue||$1,100,000||August 3, 2015
|2||4122 47 Street||$940,000||October 27, 2015
|3||3984 44 Street||$915,000||May 28, 2015
|4||3998 44 Street||$896,000||September 29, 2015
|5||3948 46 Street||$875,000||October 9, 2015
Queens Market Stats
The median sale price in the borough was $360,000, hitting an 8-year high and returning to the levels recorded before the market fell. The luxury market has more than doubled in the past 5 years and 323 properties were sold above $1M. In Sunnyside, things are quieter since the median sale price is still below the borough’s level and the luxury market hasn’t quite made its way here yet.
* Data is based only on residential properties sold between January 1, 2005 and December 15, 2015
* The building classes counted are single homes, condo and coop units
* The final number of properties sold in 2015 was adjusted up by 10% (not all 2015 sales are recorded)