Market Overview for December, 2024
Median Sale Price
5.3% YoY
Median Price/Sqft
6.8% YoY
No. of Transactions
217.6% YoY
Queens Median Sale Price
1% YoY
What is the median sale price and median price per sq ft in Jamaica?
As of December, the median home sale price in Jamaica was $600K, up 5.3% year-over-year.
A total of 54 properties traded, representing a 217.6% year-over-year increase.
The median price per square foot in December was $494, a 6.8% YoY change.
The median home sale price in Queens was $585K.
Top most expensive neighborhoods in Queens
Jamaica median price compared with other neighborhoods in Queens
Jamaica property values are on the higher-end for neighborhoods in Queens .
Jamaica 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 |
| Brookville | Queens | $672,500 |
| Queens Village | 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 Jamaica
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | - | - | - | - | 0 |
| Coops | $165K | 31.9% | - | - | 2 |
| Houses | $602K | -2% | $494 | 5.4% | 52 |
The median house sale price in Jamaica in December was relatively flat year-over-year at $602K. Median coop sale price in Jamaica was $165K, a change of 31.9% year-over-year. There was no statistically significant data for median condo price activity for the period of December in Jamaica.
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Jamaica Neighborhood Guide
Jamaica gets its name from the multitude of beavers that once plied the waters of this part of Long Island - "jameco" was the Algonquin Indian name for the industrious rodent. The name is a fitting one for this bustling neighborhood. Much of the Queens government is run from Jamaica, the first village incorporated on Long Island. In addition to the vibrant business district, several aviation companies are headquartered in Jamaica and John F. Kennedy International Airport uses the neighborhood as its mailing address. In the mid-1900s, Jamaica became a destination for middle income African-Americans and this century has seen an influx of residents from South Asia, South America and the West Indies to brew a rich cultural stew in the neighborhood.
Architecture and landmarks
The rich legacy of the African American experience is evident in the Addisleigh Park Historic District in Jamaica. Among those cultural movers and shakers who lived here were Count Basie, Ella Fitzgerald, Lena Horne, Jackie Robinson and W.E.B. Du Bois. King Manor, a 1750s Georgian house, was bought by U.S. Senator and signer of the United States Constitution Rufus King in 1805. It is now a National Historic Landmark, museum and public park. Prospect Cemetery was established in 1668 and is one of the last remaining Colonial cemeteries in the borough. The neighborhood is a virtual architectural textbook for the past two centuries, with eclectic buildings such as the First Reformed Church on Jamaica Avenue (German Rundbogenstil), the Jamaica Chamber of Commerce Building on 161st Street (high-rise Colonial Revival), the nearby Jamaica Savings Bank (Old World Beaux Arts) and La Casina nightclub (Streamline Moderne from the 1930s).
Transport
Get all the details you need on the Jamaica housing market and real estate trends by having easy access to median sale prices by property and by square feet. You will also have access to the borough's median sale price for comparison, together with year-over-year evolution of home prices. Research the real estate market in Jamaica even further while you are looking for homes and apartments for sale by checking our detailed residential market reports. Released monthly and including sales stats and trends, the reports will help you know the local market like a pro, so you can make an informed decision when buying a home or apartment in Jamaica. If you have to get there, public transportation in Jamaica will do the job. The Long Island Rail Road stops at Jamaica Station. Subway service on the F Line runs from its terminus in the neighborhood at 179th Street and the E/J/Z Line operates from its terminus at Jamaica Station. The Air Train also deposits riders at the various terminals in JFK Airport. Scores of buses shuttle riders across Jamaica and the eastern part of Queens.
Schools
A lively mix of public, charter and private schools educate the diverse congregation of Jamaica students. The New York City Department of Education ranks the neighborhood schools above average in performance.
Health
Saint Joseph's Medical Center, Queens Hospital Center and Jamaica Hospital Medical Center all stand by to assist Jamaica residents.
Safety
Law and order in Jamaica is mostly in the hands of the 103rd Precinct that reported 16.21 crimes per 1,000 residents in 2016, a statistic that places the neighborhood squarely in the highest quintile of New York City safety.
Things to do
The cocktail of ethnic settlement in Jamaica makes it possible to dine on a different dish every night for months and never see a hamburger.
The diversity carries over to the mom-and-pop markets and the nightlife with reggae lounges and dance clubs as well. In the downtown area the Jamaica Center for Arts & Learning has been showcasing multidisciplinary urban arts since 1972 in the historic Queens Register of Titles and Deeds Building. For more formal get-togethers the NYC Arena hosts concerts, parties and events.
The Jamaica Market has space for over 20 locally occupied stalls and a seasonal farmer's market. The Detective Keith L. Williams Park offers a recreation center in the cold weather and an outdoor pool and court sports in the warm seasons. For lounging in the grass there is Rufus King Park on 89th Avenue.