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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglaston is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Douglaston has remained a Buyer's Market.

Key Takeaway

Douglaston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Douglaston, NY

How much do homes in Douglaston, NY cost?

Median Sold Price

$390,000

$393/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$22,500(-5.5%)

Key Takeaway

Homes in Douglaston have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in Douglaston was $390,000 in February 2024, down 5.5% from last year, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $240K$240K
0.0%
2 $372.5K$340K
-8.7%
3 $830K$834.4K
0.5%
4 $1.0M$988K
-2.8%
5+ $1.3M$1.6M
+26.0%

Summary: Douglaston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Neighborhoods

Douglaston
-5.5%
Bellaire
-5.7%
Glen Oaks
-11.7%
Bayside
-27.5%

Housing Supply in Douglaston, NY

How many homes are available in Douglaston, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
113117+3.5%

Summary: The Douglaston real estate market had 117 homes for sale in February 2024, a 3.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 4043
+7.5%
2 3034
+13.3%
3 2625
-3.8%
4 1210
-16.7%
5+ 55
0.0%

Summary: The Douglaston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglaston, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Douglaston in February 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Douglaston, NY

How long does it take to sell a home in Douglaston, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
84 Days91 Days+8.0%

Summary: Homes in Douglaston had an average of 91 days on market in Feb 2024, up by 8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Douglaston has remained consistent over time.

Summary: During February 2024, 12 homes were sold in Douglaston; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% 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 27 Days Ago

Newest Listings in Douglaston, NY

Nearby Markets to Douglaston, NY