South Richmond Hill
Market Report • Data Range: 2010-01 to 2025-11
Median Sale Price
$685K
-13.6% YoY
What this means:
Half of homes sell for more than this price, half sell for less. This is the "middle" price point in the neighborhood.
Median Rent
$1,970
N/A YoY
What this means:
The typical monthly rent in this area. Half of apartments rent for more, half for less. Budget accordingly!
Days on Market
N/A
N/A YoY
What this means:
Average time a home sits before selling. Lower = hot market (buyers compete). Higher = more negotiating power for buyers.
For Sale Inventory
12
+33.3% YoY
What this means:
Number of homes currently for sale. More inventory = more choices for buyers. Low inventory = sellers have advantage.
Rental Inventory
2
What this means:
Number of apartments available for rent right now. More options = more bargaining power for renters. Low inventory? Act fast and come prepared!
Price Cut Share
7.1%
What this means:
Percentage of listings that reduced their asking price. High % = sellers overpricing, room to negotiate. Low % = homes priced right, less wiggle room.
Sales Volume (mo)
8
What this means:
Number of homes sold last month. Shows how active the market is. High volume = competitive market. Low volume = fewer comparable sales for pricing.
Rent-to-Own Ratio
29x
Annual rent
Should you buy or rent?
This shows how many years of rent equals the purchase price. Under 15x = buying may be better. Over 20x = renting may make more sense. 15-20x = toss-up, depends on your situation.
Market Trends & Analytics
Median Sale Price
-13.6% YoYMedian Rent
N/A YoYFor-Sale Inventory
Days on Market
Sales Volume
Explore All Market Metrics
Select any metric from 43 StreetEasy data sets
Median Sales Price
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Data Range
2023-12 to 2025-11
24 months of history
Sub-Type
All Properties
Median price of recently sold properties
Market Insights
Price Trend
Sale prices in South Richmond Hill have decreased 13.6% over the past year, underperforming the NYC average.
Rental Market
Rental prices fell 0% YoY. At $1970/mo, South Richmond Hill offers affordable rentals for Queens.
Investment Outlook
With a price-to-rent ratio of 29x annual rent, South Richmond Hill favors renting based on current metrics.
Active Listings in South Richmond Hill
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No active listings in South Richmond Hill at the moment.
Contact Milton for off-market opportunities or upcoming listings.
South Richmond Hill Market Snapshot
View Full Market Report →Closed Deals in South Richmond Hill
Milton's Track Record
0
Total Deals
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Get Expert Guidance on South Richmond Hill
With 25+ years of experience and 1,000+ properties listed, marketed, sold, and leased in NYC, I can help you navigate the South Richmond Hill market. Whether buying, selling, or investing, let's discuss your goals.