If you have had your eye on Rego Park homes for sale, it’s time to act. It’s a buyer’s market in Rego Park, so there is plenty of inventory available. As we emerge from our COVID-19 cocoons, let’s see what you can expect as you re-enter the real estate game.
Rego Park Real Estate Trends
According to realtor.com, the median list price for Rego Park homes for sale in October 2020 was $455,000. This is down 8.8% compared to October 2019. The median sale price in October 2020 was $380,000, which reflects a 13.6% increase from October 2019.
If renting is more your style, you’ll be pleased to know that the average rent prices in Rego Park are lower than in other New York City neighborhoods. According to apartments.com, the average rent price for a two-bedroom apartment in Rego Park is $2,623 per month. This is a downright steal compared to some of the most popular neighborhoods in Manhattan!
Living in Rego Park
If you are looking at Rego Park homes for sale, one of the best ways to learn more about the neighborhood is to ask the residents. Here are some of the reasons that make Rego Park one of the most coveted communities in Queens:
Your Home Search
As you get serious about your search for Rego Park homes for sale, you will notice that the real estate industry operates a little differently under COVID-19 guidelines. Between virtual home tours and electronic paperwork completion, the process can be overwhelming. The agents at Rego Park Realty will help you stay organized and informed of any new requirements as they arise. Connect with us today to begin your search for Rego Park homes for sale!