Is Glen Oaks, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Glen Oaks was a Seller's Market.
Housing Prices in Glen Oaks, NY
How much do homes in Glen Oaks, NY cost?
Median Sold Price
$340,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Glen Oaks was $340,000 in February 2024, down 11.7% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $280K | -6.7% |
2 Bedrooms | $425K | $415K | -2.4% |
3 Bedrooms | $875K | $825.8K | -5.6% |
4 Bedrooms | $800K | $860K | +7.5% |
5+ Bedrooms | $2.0M | $960K | -54.1% |
Summary: Glen Oaks housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 54.1%.
Median Sold Price Compared To Nearby Neighborhoods
Floral Park | $725K | $757.4K | +4.5% |
Bellerose | $728K | $705K | -3.2% |
Douglaston | $412.5K | $390K | -5.5% |
Glen Oaks | $385K | $340K | -11.7% |
Housing Supply in Glen Oaks, NY
How many homes are available in Glen Oaks, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
103 | 104 | +1.0% |
Summary: The Glen Oaks real estate market had 104 homes for sale in February 2024, a 1.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 64 | 0.0% |
2 Bedrooms | 26 | 27 | +3.8% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Glen Oaks housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Glen Oaks in February 2024, down by 18.8% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Glen Oaks, NY
How long does it take to sell a home in Glen Oaks, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
90 Days | 80 Days | -11.3% |
Summary: Homes in Glen Oaks had an average of 80 days on market in Feb 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in Glen Oaks; 15% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.