South Richmond Hill

The median sale price in South Richmond Hill is $700K. Condo sales make up the bulk of activity, with a median of $375K. Sale prices are down 4.9% year over year.

No. The median sale price in South Richmond Hill is currently 20.0% below the 5-year high recorded in February 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in South Richmond Hill have a median of 76.5 days on market. That is 31 days faster than the same point a year ago. Only 5.6% of active listings have a price cut on record, signaling tight pricing.

South Richmond Hill is broadly balanced right now, with median days on market at 76.5 days and 5.6% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

South Richmond Hill is primarily a condo market, with the median sale price at $375K. Co-op inventory is limited.

Roughly 9 homes change hands each month in South Richmond Hill 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 South Richmond Hill is $1,900/month. Rents are up 11.8% year over year.

Median asking rent in South Richmond Hill is currently $1,600 below the 5-year high set in December 2024. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in South Richmond Hill has risen 8.6% 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 South Richmond Hill, median sale prices range across Jamaica Hills at $990K, Richmond Hill at $950K, Kew Gardens at $465K, 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.

South Richmond Hill is served by the Bus service. The commute to Midtown Manhattan runs roughly 140 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 South Richmond Hill, 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.