Is Springfield Gardens, NY 11413 a buyer’s or seller’s market?

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

Springfield Gardens is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score49/ 100

More competitive than 50% of U.S. ZIP codes, and #455 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 supply5.2Under 4 months = seller’s market
Sold above original list31.1%Share of sales, last 3 months
Median sale-to-list99.4%Sold price ÷ list price
Median days on market50Listing to accepted offer
Median price per sq ft$535▲ +10.5% vs. last year

The Springfield Gardens housing market right now

In the three months ending August 31, 2026, 31% of homes in Springfield Gardens, NY 11413 sold above their list price, the typical home went under contract in 50 days and there were 5.2 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 63 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold more slowly (48 days then) and the median sale price rose 3% to $799,654. Overall, Springfield Gardens is less competitive than a year ago, which gives buyers more room.

Within Queens County, homes here sell faster than in 59% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Springfield Gardens ranks #455 of 649 NY ZIP codes with enough sales (score 49 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 →

Towns like Springfield Gardens nearby

Find towns like Springfield Gardens in other states →

Where Springfield Gardens is

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Questions about Springfield Gardens real estate

Is Springfield Gardens a buyer’s or seller’s market?

A balanced market: there were 5.2 months of supply in Springfield Gardens, NY 11413 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 Springfield Gardens?

The typical home went under contract in 50 days in the latest three months.

Do homes in Springfield Gardens sell over asking?

31% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.

What are property taxes in Springfield Gardens?

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 Springfield Gardens?

The median sale price was $799,654 in the three months ending August 31, 2026, about $535 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