Is Astoria, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Astoria is a buyer's market

Buyer's
Market

Difference Since May 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

$1,049,444

$770/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$127,844(+13.9%)

Key Takeaway

Homes in Astoria have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Astoria was $1,049,444 in May 2024, up 13.9% from last year, and the median price per square foot was $770.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $610K$645K
+5.7%
2 $834K$827.5K
-0.8%
3 $1.1M$1.0M
-7.0%
4 $1.2M$1.2M
+4.6%
5+ $1.4M$1.5M
+1.8%

Summary: Astoria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Neighborhoods

Long Island City
+31.5%
Astoria
+13.9%
Woodside
+2.6%

Housing Supply in Astoria, NY

How many homes are available in Astoria, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
182186+2.2%

Summary: The Astoria real estate market had 186 homes for sale in May 2024, a 2.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 5153
+3.9%
2 3636
0.0%
3 3229
-9.4%
4 1617
+6.3%
5+ 4751
+8.5%

Summary: The Astoria housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.9%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Astoria, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Astoria in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% 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

May 2023May 2024CHANGE
104 Days150 Days+44.1%

Summary: Homes in Astoria had an average of 150 days on market in May 2024, up by 44.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 May 2024, 17 homes were sold in Astoria; 12% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Astoria, NY

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