Is Astoria, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Astoria has remained a Buyer's Market.
Key Takeaway
Astoria is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Astoria, NY
How much do homes in Astoria, NY cost?
Median Sold Price
$907,500
$770/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Astoria have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Astoria was $907,500 in March 2024, down 4.5% from last year, and the median price per square foot was $770.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $642.5K | +5.3% |
| 2 Bedrooms | $834K | $706.5K | -15.3% |
| 3 Bedrooms | $1.1M | $1.0M | -6.6% |
| 4 Bedrooms | $1.2M | $1.2M | -6.7% |
| 5+ Bedrooms | $1.5M | $1.4M | -1.0% |
Summary: Astoria housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Long Island City | $917.6K | $1.2M | +35.8% |
| Woodside | $430.1K | $445K | +3.5% |
| Astoria | $950K | $907.5K | -4.5% |
Housing Supply in Astoria, NY
How many homes are available in Astoria, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 159 | 174 | +9.4% |
Summary: The Astoria real estate market had 174 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 50 | +19.0% |
| 2 Bedrooms | 33 | 33 | 0.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 40 | 43 | +7.5% |
Summary: The Astoria housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Astoria, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Astoria in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Astoria, NY
How long does it take to sell a home in Astoria, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 125 Days | 148 Days | +18.2% |
Summary: Homes in Astoria had an average of 148 days on market in Mar 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Astoria are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in Astoria; 17% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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