Is Richmond Hill, NY 11418 a buyer’s or seller’s market?

The Richmond Hill housing market right now

In the three months ending August 31, 2026, 33% of homes in Richmond Hill, NY 11418 sold above their list price, the typical home went under contract in 51 days and there were 7.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold more slowly (46 days then) and the median sale price held steady to $832,140. Overall, Richmond Hill is more competitive than a year ago, so tougher for buyers.

Within Queens County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Richmond Hill ranks #492 of 649 NY ZIP codes with enough sales (score 44 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.