Market Overview for July, 2024
Median Sale Price
-32.1% YoY
Median Price/Sqft
-15.2% YoY
No. of Transactions
44.4% YoY
Queens Median Sale Price
-6% YoY
What is the median sale price and median price per sq ft in Corona?
The median home sale price in Corona as of July was $319K, down 32.1% year-over-year.
A total of 13 assets were sold, representing a 44.4% growth compared to July last year.
The median price per square foot was $476, a -15.2% YoY change.
In July, the median home sale price in Queens was $560K.
Top most expensive neighborhoods in Queens
Corona median price compared with other neighborhoods in Queens
Property values in Corona are lower compared to the borough of Corona overall.
Corona median price compared with all the neighborhoods in Queens
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Jamaica Estates | Queens | $1,300,000 |
| Hunters Point | Queens | $1,245,000 |
| Queensboro Hill | Queens | $1,019,000 |
| Bayside | Queens | $992,500 |
| Little Neck | Queens | $980,000 |
| Rockwood Park | Queens | $974,000 |
| East Flushing | Queens | $970,552 |
| Fresh Meadows | Queens | $968,000 |
| Ditmars - Steinway | Queens | $954,400 |
| Belle Harbor | Queens | $950,000 |
| Auburndale | Queens | $937,500 |
| Floral Park | Queens | $901,250 |
| LIC | Queens | $870,175 |
| Glendale | Queens | $830,000 |
| Middle Village | Queens | $820,000 |
| East Elmhurst | Queens | $805,000 |
| Maspeth | Queens | $780,000 |
| Old Howard Beach | Queens | $774,500 |
| Hollis | Queens | $750,000 |
| Old Astoria | Queens | $745,000 |
| Breezy Point | Queens | $740,000 |
| South Ozone Park | Queens | $710,000 |
| Rochdale | Queens | $700,000 |
| Richmond Hill | Queens | $679,000 |
| Ozone Park | Queens | $665,000 |
| College Point | Queens | $650,000 |
| Queens Village | Queens | $642,500 |
| Hollis Hills | Queens | $632,500 |
| Saint Albans | Queens | $630,000 |
| Douglaston | Queens | $615,000 |
| Cambria Heights | Queens | $610,000 |
| Arverne | Queens | $607,000 |
| Springfield Gardens | Queens | $600,000 |
| Woodhaven | Queens | $597,500 |
| Far Rockaway | Queens | $583,944 |
| Laurelton | Queens | $581,697 |
| Rosedale | Queens | $570,000 |
| Jamaica | Queens | $550,000 |
| Bay Terrace | Queens | $512,500 |
| Sunnyside Gardens | Queens | $494,498 |
| South Astoria | Queens | $450,000 |
| Rego Park | Queens | $430,000 |
| Murray Hill | Queens | $427,500 |
| Downtown Flushing | Queens | $420,000 |
| Jackson Heights | Queens | $415,000 |
| Elmhurst | Queens | $413,468 |
| Glen Oaks | Queens | $407,500 |
| Whitestone | Queens | $400,000 |
| Forest Hills | Queens | $385,000 |
| Woodside | Queens | $370,000 |
| Oakland Gardens | Queens | $330,000 |
| Lindenwood | Queens | $329,750 |
| Briarwood | Queens | $326,250 |
| Sunnyside | Queens | $325,000 |
| Corona | Queens | $319,000 |
| Seaside | Queens | $310,000 |
| Kew Gardens Hills | Queens | $304,699 |
| Bellerose | Queens | $287,500 |
| Kew Gardens | Queens | $250,000 |
| Jamaica Hills | Queens | $125,000 |
Residential Properties Sold in Corona
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $400K | -9.6% | $490 | -7.5% | 2 |
| Coops | $185K | -11.9% | $218 | - | 9 |
| Houses | $830K | -5.7% | $553 | -2.2% | 2 |
The median house sale price in Corona in July was $830K, down 5.7% year-over-year. Condo and coop prices in Corona trended similarly, with a median condo price of $400K, down 9.6% year-over-year, and the median coop sale price down -11.9 % year-over-year to $185K.
See also
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Corona Neighborhood Guide
When this neighborhood in northern Queens, originally named West Flushing, went looking for an identity of its own in 1870, postmaster Thomas Waite Howard asked for the name "Corona." The choice, translated from "crown" in Spanish, proved prophetic. In the 2000s Corona has become the most Latino-centric neighborhood in New York City, with nearly two-thirds of its population hailing from South America and Central America. The Latin vibe permeates the multicultural population of Corona, fueling a lively street scene with international dining and a rich diversity of ethnic shopping opportunities.
Architecture and landmarks
In recent times, many of the larger early 20th century brick Colonial homes in Corona have given way to multi-family dwellings. Most of the housing stock in the neighborhood is of human scale, rarely rising above five or six stories. One exception is LeFrak City in southern Corona, a 1960s-era complex of twenty high-rise brick-faced apartment towers. The French Renaissance firehouse constructed in 1913 for Fire Engine Co. 289 and Ladder Company 138 on 43rd Avenue remains a neighborhood standout. Corona boasts a rich African-American heritage from the 20th century that can be traced in the Langston Hughes Community Library and Cultural Center. The neighborhood was a magnet for black musicians, none more famous than Louis Armstrong, whose house on 107th Street, which he lived in until his death in 1971, is now a museum. Neighborhood landmarks do not come tastier than the Lemon Ice King of Corona on 108th Street where the Italian ices have been made with hand-squeezed lemons and oranges for over 60 years.
Transport
The Number 7 Line of the IRT Flushing Line, the "International Express" as the locals know it, bisects the neighborhood and boarders can expect a 35-minute delivery time to Times Square. Local bus services are plentiful and there is easy access to both La Guardia and Kennedy International airports.
Schools
Corona schools are in District 24, which has been opening several new facilities in recent years to keep up with surging demand. Many offer Spanish/English dual-language programs for students through the curriculum.
Health
Family Medical Health on Corona Avenue has office hours in the evenings five days a week and Saturday hours for primary care and specialty services. New York City Health & Hospitals in neighboring Elmhurst offers more extensive care.
Safety
The 110th Precinct overseeing activity in Corona reports 9.7721 crimes per 1,000 residents, placing the neighborhood in the top 20 percent of New York City neighborhoods for safety.
Things to do
Corona is a residential neighborhood generally lacking in nightlife but there is plenty to fill one's plate during the daylight hours. The commercial district along Roosevelt Avenue bursts with Latin-flavored offerings from uniquely stocked shops to some of New York's best Mexican taquerias.
Vestiges of Corona's days as a destination for Old World Italian immigrants remain in such stalwarts as Leo's Latticini, better known as Mama's; the school behind the century-old Italian deli is now named for iconic proprietor Nancy DeBenedittis. Hard by Corona on its eastern flank is Flushing Meadows-Corona Park, the city's fourth largest outdoor playground with 897 acres.
The park was cleared for New York's World Fairs of 1939 and 1964 and is now home to such institutions as the Queens Museum, the Queens Zoo and the New York Hall of Science. In Corona you can walk to New York Mets baseball games in Citi Field or United States Open tennis matches in the Billie Jean King National Tennis Center.