Queens experienced a year-over-year drop in the inventory of available home listings during the third quarter of 2025, resulting in fewer sales, with the median sales price going up for those that were sold, according to a report by Douglas Elliman Real Estate .

There was a 1.6% drop in closed sales of homes over this period of time, from 3,130 in the third quarter of 2024 to 3,081 in the third quarter of 2025. This decline was due in large part to the listing inventory going through a big decline. The listing inventory in Queens plummeted 23.9% during this time, from 4,703 last year to 3,577 this year.

With fewer options available in Queens to prospective buyers, prices often went up for the homes that were for sale. The median sales price in the borough rose 2.1% year-over-year, fr

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