Here is the clearest way I would read recent asking prices before setting your number.
If you are debating where to price your home in Rego Park, NY, I would not chase the highest closed sale and call it a strategy. My rule right now is simple start with the most recent asking range first, because over the previous 30 days the typical asking price in Rego Park, NY was $628,500, while a typical closed price last month came in at $998,000 and sits in a much smaller set of sales.
The better pricing question is not how high you can start, but how well your number fits the homes actually competing for attention. Over the previous 30 days, supply stood at 6 months, which places Rego Park, NY in a balanced market, and a typical sale took 66 days. That is not a setup for careless pricing.
My read for sellers is that the market is giving room for negotiation, but not for guesswork. Recent offers landed about 98.1% of asking, so buyers are still engaging close to the list price when the home is positioned correctly. At the same time, the last three months show a typical asking price of $586,500 compared with $628,500 last month, which tells me pricing decisions need to reflect current competition, not old assumptions.
I would begin by lining your home up against today's active choices, not just last month's standout sale. Price within the range your direct competition is already training buyers to expect. Build your launch plan around a realistic first price, because a market with a 66 day typical sale timeline usually rewards accuracy more than optimism.
