Jamaica Hills

The median sale price in Jamaica Hills is $990K. Co-op sales make up the bulk of activity, with a median of $153K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.

No. The median sale price in Jamaica Hills is currently 15.7% below the 5-year high recorded in September 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Jamaica Hills have a median of 36.5 days on market. That is 5 days faster than the same point a year ago. Roughly 14.3% of active listings have recorded a price cut, suggesting some negotiating room.

Jamaica Hills is broadly balanced right now, with median days on market at 36.5 days and 14.3% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Jamaica Hills is primarily a co-op market, with the median sale price at $153K. Condo inventory is limited.

Roughly 3 homes change hands each month in Jamaica Hills across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Jamaica Hills is $2,350/month. Rents are down 5.8% year over year.

Median asking rent in Jamaica Hills is currently $300 below the 5-year high set in August 2023. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Jamaica Hills has risen 32.4% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Jamaica Hills, median sale prices range across Jamaica Estates at $1.3M, Hillcrest at $1.2M, Jamaica at $505K, Briarwood at $155K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Jamaica Hills is served by the Bus service. The commute to Midtown Manhattan runs roughly 154 minutes from Nearest bus stop.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Jamaica Hills, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.