Is Oakland Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Oakland Gardens was a Neutral Market.
Key Takeaway
Oakland Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakland Gardens, NY
How much do homes in Oakland Gardens, NY cost?
Median Sold Price
$345,000
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oakland Gardens have sold for 2% less than they did a year ago.
Summary: The median home sold price in Oakland Gardens was $345,000 in March 2024, down 2% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $240K | -4.0% |
| 2 Bedrooms | $333K | $325K | -2.4% |
| 3 Bedrooms | $952.5K | $917.5K | -3.7% |
| 4 Bedrooms | $1.2M | $1.1M | -7.3% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.8% |
Summary: Oakland Gardens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Oakland Gardens | $352K | $345K | -2.0% |
| Douglaston | $399.5K | $382.5K | -4.3% |
| Bellaire | $700K | $668K | -4.6% |
| Bayside | $813.3K | $599K | -26.4% |
| Holliswood | $837.5K | $270K | -67.8% |
Housing Supply in Oakland Gardens, NY
How many homes are available in Oakland Gardens, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 163 | 179 | +9.8% |
Summary: The Oakland Gardens real estate market had 179 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 45 | +32.4% |
| 2 Bedrooms | 85 | 81 | -4.7% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Oakland Gardens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.4%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland Gardens, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Oakland Gardens in March 2024, up by 15.8% month-over-month. Of the 22 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Oakland Gardens, NY
How long does it take to sell a home in Oakland Gardens, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 100 Days | 110 Days | +10.9% |
Summary: Homes in Oakland Gardens had an average of 110 days on market in Mar 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Oakland Gardens are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 22 homes were sold in Oakland Gardens; 14% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.