Is East Elmhurst, NY 11369 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

East Elmhurst is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score33/ 100

More competitive than 30% of U.S. ZIP codes, and #552 of 649 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.5Under 4 months = seller’s market
Sold above original list20.6%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market56Listing to accepted offer
Median price per sq ft$526▼ −16.4% vs. last year

The East Elmhurst housing market right now

In the three months ending August 31, 2026, 21% of homes in East Elmhurst, NY 11369 sold above their list price, the typical home went under contract in 56 days and there were 5.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (58 days then) and the median sale price fell 2% to $879,120. Overall, East Elmhurst is more competitive than a year ago, so tougher for buyers.

Within Queens County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, East Elmhurst ranks #552 of 649 NY ZIP codes with enough sales (score 33 out of 100).

Nearby, buyers who want less competition could look at Breezy Point 11697 (0% sold over asking) or Floral Park 11005 (0% sold over asking), while Saint Albans 11412 (45% sold over asking) and Cambria Heights 11411 (44% sold over asking) are even more competitive.

Nearby markets

Arverne 11692Buyer’s market $331 /sq ftAstoria 11102Buyer’s market $1,126 /sq ftAstoria 11103Balanced $728 /sq ftAstoria 11105Buyer’s market $725 /sq ft Browse all markets →

Where East Elmhurst is

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Questions about East Elmhurst real estate

Is East Elmhurst a buyer’s or seller’s market?

A balanced market: there were 5.5 months of supply in East Elmhurst, NY 11369 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in East Elmhurst?

The typical home went under contract in 56 days in the latest three months.

Do homes in East Elmhurst sell over asking?

21% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in East Elmhurst?

About 0.87% of a home’s value a year in Queens County, or roughly $3,480 on a $400,000 home.

What is the median home price in East Elmhurst?

The median sale price was $879,120 in the three months ending August 31, 2026, about $526 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology