Market Overview for December, 2024
Median Sale Price
21.5% YoY
Median Price/Sqft
49.6% YoY
No. of Transactions
154.5% YoY
Queens Median Sale Price
1% YoY
What is the median sale price and median price per sq ft in Elmhurst?
As of December, the median home sale price in Elmhurst was $395K, up 21.5% year-over-year.
A total of 28 properties traded, representing a 154.5% year-over-year increase.
The median price per square foot in December was $751, a 49.6% YoY change.
The median home sale price in Queens was $585K.
Top most expensive neighborhoods in Queens
Elmhurst median price compared with other neighborhoods in Queens
Property values in Elmhurst are lower compared to the borough of Elmhurst overall.
Elmhurst median price compared with all the neighborhoods in Queens
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Belle Harbor | Queens | $1,325,000 |
| Hunters Point | Queens | $1,262,295 |
| Fresh Meadows | Queens | $999,000 |
| Rockwood Park | Queens | $984,750 |
| Whitestone | Queens | $980,000 |
| East Flushing | Queens | $980,000 |
| Bayside | Queens | $950,000 |
| Auburndale | Queens | $936,790 |
| Hollis Hills | Queens | $925,000 |
| South Astoria | Queens | $847,665 |
| Old Howard Beach | Queens | $845,000 |
| Old Astoria | Queens | $838,000 |
| Middle Village | Queens | $825,000 |
| Rosedale | Queens | $812,500 |
| East Elmhurst | Queens | $809,450 |
| LIC | Queens | $806,265 |
| Murray Hill | Queens | $780,000 |
| Floral Park | Queens | $775,000 |
| College Point | Queens | $770,000 |
| Glendale | Queens | $757,500 |
| Maspeth | Queens | $753,227 |
| Douglaston | Queens | $738,000 |
| Sunnyside | Queens | $737,500 |
| Ozone Park | Queens | $730,000 |
| Bellerose | Queens | $690,000 |
| Queensboro Hill | Queens | $677,500 |
| Saint Albans | Queens | $675,000 |
| Queens Village | Queens | $672,500 |
| Brookville | Queens | $672,500 |
| Richmond Hill | Queens | $645,292 |
| Astoria Heights / Upper Ditmars | Queens | $640,000 |
| Laurelton | Queens | $635,000 |
| Breezy Point | Queens | $629,000 |
| Jamaica Estates | Queens | $617,500 |
| Jamaica | Queens | $600,000 |
| Rochdale | Queens | $600,000 |
| Hollis | Queens | $589,125 |
| Far Rockaway | Queens | $585,000 |
| South Ozone Park | Queens | $585,000 |
| Springfield Gardens | Queens | $580,000 |
| Cambria Heights | Queens | $575,000 |
| East New York | Queens | $525,000 |
| Kew Gardens | Queens | $465,000 |
| Arverne | Queens | $459,000 |
| Sunnyside Gardens | Queens | $441,448 |
| Downtown Flushing | Queens | $430,000 |
| Bay Terrace | Queens | $420,000 |
| Forest Hills | Queens | $411,250 |
| Elmhurst | Queens | $395,000 |
| Kew Gardens Hills | Queens | $385,000 |
| Jackson Heights | Queens | $376,500 |
| Corona | Queens | $376,000 |
| Woodside | Queens | $367,000 |
| Woodhaven | Queens | $359,000 |
| Rockaway Park | Queens | $340,000 |
| Glen Oaks | Queens | $327,500 |
| Lindenwood | Queens | $322,000 |
| Rego Park | Queens | $315,000 |
| Oakland Gardens | Queens | $310,000 |
| Briarwood | Queens | $293,750 |
| Little Neck | Queens | $293,585 |
| Jamaica Hills | Queens | $139,000 |
Residential Properties Sold in Elmhurst
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $464K | - | $855 | - | 6 |
| Coops | $305K | 2.5% | - | - | 18 |
| Houses | $892K | -4.1% | $572 | 13.9% | 3 |
The median house sale price in Elmhurst in December was $892K, down 4.1% year-over-year. However, median condo prices in Elmhurst remained flat year-over-year at $464K. Median coop sale price in Elmhurst were $305K, a change of 2.5% year-over-year.
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Elmhurst Neighborhood Guide
For more than 200 years, this neighborhood was known as Newtown. In the 1890s, as New York City was consolidating, the name was changed to Elmhurst over the objection of many longtime residents who grumbled that there wasn't an elm tree in the village. There were apple trees, though - the Newtown Pippin cultivated here was a popular apple in its day in Colonial America. "New town" would be an especially apropos moniker in the 21st century as seven out of every ten residents in Elmhurst hail from a country other than the United States. This is one of New York City's most ethnically diverse neighborhoods, with well over 100 nationalities represented.
Architecture and landmarks
Elmhurst is a bastion of low-rise residential and commercial buildings, mostly prototypical early 20th century utilitarian stock fashioned from brick. The vernacular frame houses tend to be of the popular Colonial and Cape Cod varieties. Architectural showcases are found in institutions like the Flemish Renaissance-flavored Newtown High School from 1897 or the Greek Revival Reformed Dutch Church of Newtown that was constructed in 1831. When the former Queensborough Elks Lodge, crafted in the Italian Renaissance style, opened in 1924 it was considered the largest Elks Lodge in the East with recreational facilities and room for 60 guests; it is a church today.
Transport
The Queens Boulevard Line was one of the first subway routes completed by New York City in the early 20th century and it bisects the neighborhood. The commute from Elmhurst to Midtown can take as little as twenty minutes on the E, F. M, R or 7 trains. Many buses deliver residents around the neighborhood and it is a short hop onto either the Long Island Expressway or the Brooklyn-Queens Expressway.
Schools
Elmhurst schools are in District 25, and are considered above average performers in New York City. There are five public elementary schools and two parochial schools. Several schools deal with the challenge of integrating recent immigrants, including the Pan American International High School with translation services for 30 languages.
Health
The Elmhurst Hospital Center is a general medical and surgical hospital with emergency services and 532 beds. There are also smaller facilities serving the primary medical needs of the international community, with Q-Care Affordable Medical Care and Elmhurst Medical Office among them.
Safety
Elmhurst is under the watch of the 110th Precinct and reported 10.04 crimes per 1,000 residents in 2016. It ranks in the upper 20 percent for safe neighborhoods in New York City.
Things to do
When living in Elmhurst it is no challenge to enjoy a different culinary adventure from around the globe every night of the week - there is an international parade of restaurants and grocery stores down Broadway. The same goes for shopping and services in the neighborhood. There are enough Chinese businesses for Elmhurst to claim its own Chinatown.
The Queen's Place and Queen's Center Mall on Queens Boulevard offer more traditional shopping and dining fare. Elmhurst enjoys several convenient playgrounds and pocket parks, such as Hoffman Park and Moore Homestead Park.
A $20 million investment recently transformed a collection of creaking natural gas tanks into the award-winning Elmhurst Park with groves of trees covering six acres, walking paths, a playground and plenty of open grassy space.