Is Glen Oaks, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glen Oaks is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Glen Oaks was a Seller's Market.

Key Takeaway

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

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

-$45,000(-11.7%)

Key Takeaway

Homes in Glen Oaks have sold for 11.7% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $300K$280K
-6.7%
2 $425K$415K
-2.4%
3 $875K$825.8K
-5.6%
4 $800K$860K
+7.5%
5+ $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
+4.5%
Bellerose
-3.2%
Douglaston
-5.5%
Glen Oaks
-11.7%

Housing Supply in Glen Oaks, NY

How many homes are available in Glen Oaks, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
103104+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

# BEDSJan 2024Feb 2024CHANGE
1 6464
0.0%
2 2627
+3.8%
3 89
+12.5%
4 43
-25.0%
5+ 11
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 2024Feb 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glen Oaks, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
90 Days80 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Glen Oaks are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 28 Days Ago

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