89-00 170 Street #3J, Jamaica, NY 11432

Jamaica Market Trend

Jamaica's monthly median has swung between $255K and $1.2M over the past 2 years — volatility that usually reflects a thin or mixed market rather than one steady trend. The typical recent sale has taken about 78 days to go under contract. Part of why that median has moved unevenly month to month is mix shift — which property types happen to sell. The roughly $855K blended median combines very different types, so a stretch heavy on multi-family (2-4 family) (around $1.1M) versus one heavy on co-ops (around $218K) can swing the all-types figure on its own, independent of any change in value. Of 287 recent sales, single-family made up the largest share at about 42% with a median near $1.06M, co-ops about 36% near $218K, multi-family (2-4 family) about 17% near $1.1M, condos about 5% near $525K. Because co-ops, though not the most common, is priced far enough from the rest to pull the blend down, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $1.06M, roughly $205K over the headline number, even though the higher-priced multi-family (2-4 family) in the mix pull the other way but at about 17% are too small a share to offset that drag. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.