Market Overview for December, 2024
Median Sale Price
-7.1% YoY
Median Price/Sqft
-4% YoY
No. of Transactions
83.3% YoY
Queens Median Sale Price
1% YoY
What is the median sale price and median price per sq ft in Far Rockaway?
The median home sale price in Far Rockaway as of December was $585K, down 7.1% year-over-year.
A total of 11 assets were sold, representing an 83.3% growth compared to December last year.
The median price per square foot was $294, a -4% YoY change.
In December, the median home sale price in Queens was $585K.
Top most expensive neighborhoods in Queens
Far Rockaway median price compared with other neighborhoods in Queens
Property values in Far Rockaway are in-line with the median property values of Far Rockaway.
Far Rockaway 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 |
| East Flushing | Queens | $980,000 |
| Whitestone | 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 Far Rockaway
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | - | - | - | - | 0 |
| Coops | - | - | - | - | 0 |
| Houses | $585K | -16.4% | $294 | 11.1% | 11 |
The median house sale price in Far Rockaway in December was $585K, down 16.4% year-over-year. There was no statistically significant data for median condo price and median coop price activity for the period of December in Far Rockaway.
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Far Rockaway Neighborhood Guide
Far Rockaway, Queens is located on the easternmost section of the Rockaway Peninsula. Once one of the most popular summer getaways for actors and other celebrities, and home to three dazzling theaters, today the neighborhood is much quieter and you're more likely to see a family on an afternoon beach walk than a celebrity dipping their toes. Recent redevelopment has helped breathe new life into this quiet, laidback area, though long-term residents aren't all thrilled about the changes.
Architecture and landmarks
There are a number of landmarks in the area, including the Far Rockaway Beach Bungalow Historic District, and a number of buildings listed on the National Register of Historic Places: Russell Sage Memorial Church, the United States Post Office, and Trinity Chapel. The streets in this neighborhood are mostly one ways and are incredibly narrow - with cars around they can be interesting to navigate! Residents embrace the strikingly diverse home styles in the area, including Queen Annes next to Dutch Colonials with wood frames, and 1900s shingle-style homes next to bungalows. Many original homes have been adapted to two-family homes, and white fences are popular in the area. According to the most recent census, more than one-third of the housing stock consisted of buildings with more than 50 units.
Transport
There are three buses to Long Island in Far Rockaway (N31, N32, and N33), access to the A train, and a Long Island Rail Road stop on the eastern side of the neighborhood. The LIRR requires a transfer at the Jamaica station, but still gets riders to Penn Station in just under an hour during rush hour. There are also four local buses in the neighborhood.
Schools
There are three buses to Long Island in Far Rockaway (N31, N32, and N33), access to the A train, and a Long Island Rail Road stop on the eastern side of the neighborhood. The LIRR requires a transfer at the Jamaica station, but still gets riders to Penn Station in just under an hour during rush hour. There are also four local buses in the neighborhood.
Health
St. John's Episcopal Hospital is located in Far Rockaway, as is North Shore University Hospital. Other medical offices include Bezalel Health Related Facility and numerous private practices.
Safety
In 2016, there were 10.38 crimes reported in Far Rockaway for over 1,000 residents. This makes this neighborhood, which is overseen by the 101st Precinct of the New York Police Department, a moderately safe neighborhood in Queens.
Things to do
It's common to see residents on Far Rockaway's beachfront, whether walking through the sand or riding their bikes along the 40-foot-wide promenade that is located all along the East Rockaway Inlet, and sketch artists can often be seen drawing between the dunes, while families picnic nearby.
It's common to see residents on Far Rockaway's beachfront, whether walking through the sand or riding their bikes along the 40-foot-wide promenade that is located all along the East Rockaway Inlet, and sketch artists can often be seen drawing between the dunes, while families picnic nearby.
O'Donohue Park is the most popular park in the area, and those who have a special interest in Far Rockaway can visit the Queens Library Archives to see an impressive collection of materials that highlight the history of this unique neighborhood and showcase correspondence relating to it.