Jamaica

The median sale price in Jamaica is $505K. Condos sit at a median of $250K and co-ops at $120K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.

No. The median sale price in Jamaica is currently 37.9% below the 5-year high recorded in January 2026. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Jamaica have a median of 97 days on market. That is 30 days slower than the same point a year ago. Roughly 12.8% of active listings have recorded a price cut, suggesting some negotiating room.

Jamaica is currently tilting toward buyers. Median days on market is 97 days and roughly 12.8% of active listings have recorded a price cut, both indicating room to negotiate.

Jamaica offers both co-ops and condos. Condos are the higher-priced segment at a $250K median, with co-ops at $120K.

Roughly 11 homes change hands each month in Jamaica across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Jamaica is $2,850/month. Live RLS listings show 1-bedrooms at $2,883, 2-bedrooms at $3,775, 3+ bedrooms at $2,995 per month. Rents are down 3.9% year over year.

Median asking rent in Jamaica is currently $200 below the 5-year high set in June 2024. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Jamaica has risen 23.9% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Jamaica, median sale prices range across Jamaica Estates at $1.3M, Jamaica Hills at $990K, St. Albans at $720K, Briarwood at $155K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Jamaica is served by the Bus service. The commute to Midtown Manhattan runs roughly 163 minutes from Nearest bus stop.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Jamaica, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].