Hunters Point Real Estate Market Trends

Market Overview for Quarter 4, 2020


Median Sale Price

$906K

-15% YoY


Median Price/Sqft

$1,225

5% YoY


No. of Transactions

49

-68% YoY

Queens Median Sale Price

$570K

10% YoY

In Quarter 4, the median home sale price in Hunters Point was $906K, down 15% year-over-year. There were a total of 49 transactions, representing a 68% drop compared to Quarter 4 last year. The median price per square foot was $1,225, a 5% YoY change. In Quarter 4, the median home sale price in Queens was $570K.

Hunters Point Neighborhood Map

Just one subway stop away from Midtown, Hunters Point is in the process of being transformed into a premier residential neighborhood. Home to both the only skyscraper in Queens and the NY State Supreme Court House, this area is diverse, bustling, and offers many restaurants, bars, art galleries, and green spaces.

Hunters Point Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Hunters Point

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Top most expensive neighborhoods in Queens

Hunters Point median price compared with other neighborhoods in Queens

Hunters Point property values are on the higher-end for neighborhoods in Queens .




Hunters Point median price compared with all the neighborhoods in Queens

Neighborhood Borough Median Sale Price
Malba Queens $1,350,000
Belle Harbor Queens $950,000
Hollis Hills Queens $925,000
Hunters Point Queens $906,734
Queensboro Hill Queens $875,000
Jamaica Estates Queens $874,000
Old Astoria Queens $850,000
Fresh Meadows Queens $848,000
Ditmars - Steinway Queens $841,500
Bayside Queens $838,000
Rockwood Park Queens $837,500
Auburndale Queens $818,000
East Flushing Queens $802,500
Jamaica Hills Queens $800,000
Murray Hill Queens $799,545
Floral Park Queens $737,500
Middle Village Queens $720,000
Maspeth Queens $712,500
College Point Queens $695,000
Ridgewood Queens $685,000
Douglaston Queens $680,000
Old Howard Beach Queens $675,000
Neponsit Queens $657,000
South Astoria Queens $641,000
Glendale Queens $635,000
Downtown Flushing Queens $629,000
Richmond Hill Queens $617,000
Brookville Queens $600,000
East Elmhurst Queens $587,500
Rochdale Queens $584,000
Springfield Gardens Queens $580,000
Laurelton Queens $580,000
Queens Village Queens $577,500
Little Neck Queens $572,500
Far Rockaway Queens $565,000
Rosedale Queens $555,000
South Ozone Park Queens $555,000
Woodhaven Queens $550,000
Pomonok Queens $541,000
Cambria Heights Queens $537,500
Breezy Point Queens $526,500
Seaside Queens $520,000
Hollis Queens $503,000
Saint Albans Queens $501,000
Ozone Park Queens $500,000
Jamaica Queens $494,500
LIC Queens $475,000
Whitestone Queens $470,000
Forest Hills Queens $439,000
Bay Terrace Queens $426,250
Sunnyside Queens $420,000
Astoria Heights / Upper Ditmars Queens $420,000
Sunnyside Gardens Queens $415,000
Jackson Heights Queens $413,500
Roxbury Queens $405,000
Rego Park Queens $399,000
Kew Gardens Hills Queens $390,000
Kew Gardens Queens $386,500
Woodside Queens $385,000
Rockaway Park Queens $360,000
Ramblersville Queens $355,000
Glen Oaks Queens $354,500
Elmhurst Queens $329,000
Oakland Gardens Queens $328,775
Bellerose Queens $323,500
Briarwood Queens $318,725
Broad Channel Queens $318,000
Corona Queens $312,170
Arverne Queens $310,000
Rockaway Beach Queens $300,000
Lindenwood Queens $245,000

Residential Properties Sold in Hunters Point

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $940K -20% $1K 5% 46
Coops $514K -17% - - 3
Houses - - - - 0

The median condo price in Hunters Point in Quarter 4 was $940K, down 20% year-over-year. Median coop sale price in Hunters Point were $514K, a change of -17% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 4 in Hunters Point.

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Hunters Point Neighborhood Guide

When people talk about Long Island City, they're often actually talking about Hunters Point. Just a single subway stop away from Midtown, this neighborhood was once a working class, industrial area. Today it's in the middle of a transition into a highly sought-after premier residential neighborhood. With incredible views of Manhattan, new luxury condos popping up everywhere, and the riverfront green space on the East River, it's shaping up to be pretty close to a perfect neighborhood.

Architecture and landmarks

The red brick, 19th-century brownstones that line Hunters Point on 45th Avenue for the blocks between 21st and 23rd Streets are now their own historic district and are sold for nearly $1 million each. In a trip to Court Square you'll find the Citi Tower, a 58-story-high skyscraper that's well known as the only skyscraper in the borough of Queens. Other important landmarks in the area include a historic firehouse and police station, both of which were featured on the TV show Third Watch, and the New York State Supreme Court House. Lovers of green spaces will appreciate Gantry Plaza State Park - though it's simple and small, it's perfect for taking in views of the East River.

Transport

The 7 Subway stops in Hunters Point as its first spot. In total, it takes just over five minutes to get from Grand Central Station to the Hunters Point subway stop. Those looking to go to Brooklyn can hop on the G train and the E and V lines can be boarded at Court Square. There's also limited service for the Long Island Railroad at Borden Avenue and 2nd Street. The Midtown Tunnel opens up into this neighborhood, and offers easy access to Manhattan via the Long Island Expressway. Finally, there's a New York Water Taxi connecting Hunters Point to Wall Street.

Schools

As of 2016, a new elementary school was set to be built in Hunters Point, and would offer space for as many as 600 students. Until that school is complete, the only school options within the neighborhood are private schools like St. Francis Assisi School. However, there are more than a dozen schools in nearby Long Island City.

Health

Though Hunters Point doesn't have its own hospital, there are many doctor's offices, private practices, and alternative health facilities in this neighborhood. The closest hospitals are The NYC Health + Hospitals Bellevue in Kips Bay and The Floating Hospital in Long Island City.

Safety

Hunters Point falls under the 108th Precinct of the New York City Police Department. In 2016, there were 10.15 crimes per 1,000 people. This puts the neighborhood on the lower side of crime statistics, compared to other neighborhoods within New York City.

Things to do

P.S. 1 Contemporary Art Center has been open since 1971 and has been a staple of the neighborhood as it's gone through significant changes. This art center is located in a building that was once a public school, and is now internationally known as a cutting-edge art gallery. For those interested in the arts, the Long Island City Art Tour begins near Hunters Point and ends in this neighborhood.

According to locals, Ten 63 is the best spot to get coffee and Tournesol is a good, inexpensive spot to get breakfast. Just keep in mind that this French bistro is quite popular and the wait can reach to more than one hour on weekends. For those looking for a romantic night out, Water's Edge is easily the most luxurious restaurant you'll find. Otherwise, Vernon Boulevard is home to a wide range of bars, restaurants, and shops. Jackson Avenue is a wide, major street that has a more commercial mix, but new restaurants and housing are popping up on this avenue all the time.

Hunters Point South Park is right on the water and offers visitors a place to have fun, relax, or enjoy their day in myriad ways. With a central green space, dog run, basketball court, state of the art playground, and a 13,000-square-foot pavilion with concessions and an elevated cafe, there is truly something here for anyone.