The spread between asking and closing is exactly why I tell buyers to stay grounded.
If you are looking at homes in Maspeth, NY and wondering how hard you should lean into asking prices, I would stay disciplined. Last month, the typical asking price was $898,888, the typical sold price was $765,000, and that tells me list prices are not the same thing as market value.
One of the most useful numbers for anyone shopping in Maspeth, NY is the difference between where homes are listed and where they actually close. The typical asking price was $898,888 last month, while the typical closed price was $765,000.
That does not mean every home is overpriced, but it does tell me you need a strong filter. Recent offers came in at 95.1% of asking, and a typical sale took 48 days, so I would judge each home by how it compares with real closings, not by the list price alone. That is where buyers protect themselves.
Set a clear target range before you walk into each showing. Compare condition, size, and timing to recent closings in Maspeth, NY, not just to the seller's number. Keep emotion out of the first decision.
