97-40 62 Drive #9A, Rego Park, NY 11374

Rego Park Market Trend

Rego Park's monthly median has swung between $293K and $555K over the past 2 years — volatility that usually reflects a thin or mixed market rather than one steady trend. After a softer stretch, the most recent months have seen prices tick back up. The typical recent sale has taken about 67 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 $400K blended median combines very different types, so a stretch heavy on multi-family (2-4 family) (around $1.35M) versus one heavy on co-ops (around $320K) can swing the all-types figure on its own, independent of any change in value. Of 467 recent sales, co-ops made up the largest share at about 63% with a median near $320K, condos about 19% near $540K, single-family about 13% near $998K, multi-family (2-4 family) about 5% near $1.35M. Because the most common type sold here is also the lowest-priced, 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 $998K, roughly $598K over the headline number, even though the higher-priced single-family in the mix pull the other way but at about 13% 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.

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