By Jonathan Sperling
A ranking of median home sales citywide placed Ridgewood on top of a bevy of other Queens neighborhoods — and even some trendy Manhattan nabes.
Median home sales in Ridgewood recorded by StreetEasy, a Manhattan-based local real estate marketplace, topped out at $1.05 million in 2019, the only Queens neighborhood in the report where median home sales reached over $1 million.
The next-most expensive Queens neighborhood was Long Island City, where the median home sales were recorded at $901,710 in 2019. StreetEasy Economist Nancy Wu organized the data in the form of a slopegraph in order to better show how the sales market in city neighborhoods changed since 2015.
Besides Ridgewood jumping ahead of LIC in the rankings, home sales in Queens neighborhoods made all sorts of moves between 2015 and 2019.
One way sale prices didn’t move, however, was down. Not a single Queens neighborhood on StreetEasy’s ranking — from Fresh Meadows to Forest Hills to Astoria to Cambria Heights — saw median home sale prices decrease between 2015 and 2019. Median home sale prices in Jamaica Estates, for example, increased from $612,000 to $850,000. In Whitestone, sales increased from $636,000 to $865,000.
That’s not to say that all Queens home sale prices are skyrocketing to over half a million dollars. Median home sale prices in Briarwood, which ranked last in both 2015 and 2019, increased from $186,000 to $275,000. In Howard Beach, sales increased from $227,000 to $325,000.
In fact, median home sale prices in many Queens neighborhoods stayed under $500,000 in 2019. That includes Elmhurst ($495,747), Jackson Heights ($475,000), Jamaica ($475,000) Sunnyside ($459,600), Rego Park ($349,000) and Kew Gardens ($309,135).