The median asking price for homes sold and the median asking price for apartments rented across Queens in July 2026 had little change year-over-year, despite large increases in homes for sale and for rent, according to a report by StreetEasy.

Homes for sale in Queens rose in median asking price by just 0.1% over this period of time, from $693,307 in July 2025 to $694,000 in July 2026. However, the number of homes for sale soared 9%, from 3,152 in 2025 to 3,435 in 2026. Homes entering contract also experienced rapid growth, from 354 last year to 456 this year. Even with the spikes in homes for sale and entering contract, the median number of days homes in Queens spent on the market only went up from 60 days to 62 days.

Queens was the only New York City borough included in the study, which also featured Manhattan and Brooklyn, to have the median asking price and number of days homes spent on the market go up. While the number of homes for sale and entering contracts in Queens was the lowest among the boroughs, the percentage jumps were the largest.

New York City as a whole experienced a 5% decline in median asking rent, from $1,050,527 in July 2025 to $998,000 in July 2026. Homes for sale dropped 1.6% citywide, from 17,517 in 2025 to 17,237 in 2026. Homes entering contract across the city leapt 16.7%, from 1,840 last year to 2,147 this year. The median number of days these homes spent on the market slid from 72 days to 67 days.

Manhattan had the highest median asking price among the New York City boroughs in July 2026, at $1,350,000, which represented a 3.6% drop from $1,400,415 in July 2025. There was a 5% drop in home sales, from 8,797 in 2025 to 8,357 in 2026. Homes entering contract in Manhattan rose 11.1%, from 886 last year to 984 this year. The median number of days homes in this borough spent on the market fell from 89 days to 78 days.

In Brooklyn, the median asking price dropped 4.6%, from $1,099,581 in July 2025 to $1,049,000 in July 2026. Homes for sale rose 2.3%, from 4,313 in 2025 to 4,412 in 2026. There was a 16.8% climb in the number of homes that entered contract, from 494 last year to 577 this year. The median days Brooklyn homes spent on the market went down from 63 days to 55 days.

The median asking rent in Queens went up 0.7%, from $3,377 in July 2025 to $3,400 in July 2026. Available homes for rent rose 4.1%, from 4,662 in 2025 to 4,853 in 2026. Despite the jump in available homes, there was a 1.7% drop in the percent of these homes with price cuts, from 12.6% last year to 10.9% this year. The share of rentals offering concessions, defined as leases that offer at least one month of free rent, also fell over this period of time by 0.8%, from 19.1% to 18.3%.

Queens’ median asking rental price and 0.7% jump were both lower than those of both Manhattan and Brooklyn. While Queens had by far the fewest number of homes for rent, trailing Brooklyn by over 9,000 homes and Manhattan by more than 12,000 homes, this borough was the only one to have an increase in this area. The share of rentals with price cuts was lowest in Queens, even with the smallest percentage drop. While Queens had the highest percentage drop in the share of rentals offering concessions, the percentage remained higher than those in Brooklyn and Manhattan, even with Manhattan experiencing an increase.

Citywide, the median asking rent rose 2.8%, from $4,086 in July 2025 to $4,200 in July 2026. New York City had a 4% drop in homes for rent, from 38,721 in 2025 to 37,172 in 2026. The share of rentals with price cuts dropped from 16.5% to 14.3%, while the share offering concessions jumped from 14.3% to 14.4%.

Manhattan’s median asking rent went up 5.2%, from $4,749 in July 2025 to $4,995 in July 2026. This represented the biggest percentage climb and the highest price among the boroughs. At the same time, Manhattan experienced the largest percentage drop in homes for rent, at 8.1%, from 18,527 in 2025 to 17,026 in 2026. The share of rentals with price cuts fell from 19.1% last year to 17.2% this year. However, the share of rentals offering concessions rose from 11% to 11.2% in Manhattan.

Brooklyn experienced a 5% jump in median asking rent, from $3,800 in July 2025 to $3,990 in July 2026. Homes for rent in the borough dipped 2%, from 14,436 in 2025 to 14,147 in 2026. The share of rentals with price cuts dropped from 15.1% last year to 12.5% this year. Brooklyn also went through a drop in the share of rentals offering concessions over this period, from 15.4% to 14.9%.

Another noteworthy trend seen in Queens in July 2026 was that the Astoria and Long Island City neighborhoods were among the 20 New York City neighborhoods with the highest inventory of multiple-bedroom rentals. Astoria placed ninth, with 578 total rentals fitting this criteria, including 401 two-bedroom units and 177 units with at least three bedrooms. Long Island City placed 13th, with 408 such rentals, including 332 two-bedroom units and 76 with three or more bedrooms.