Is Astoria, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $645K | +5.7% |
| 2 Bedrooms | $834K | $827.5K | -0.8% |
| 3 Bedrooms | $1.1M | $1.0M | -7.0% |
| 4 Bedrooms | $1.2M | $1.2M | +4.6% |
| 5+ Bedrooms | $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 | $950.3K | $1.2M | +31.5% |
| Astoria | $921.6K | $1.0M | +13.9% |
| Woodside | $429K | $440K | +2.6% |
Housing Supply in Astoria, NY
How many homes are available in Astoria, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 182 | 186 | +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
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 53 | +3.9% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 47 | 51 | +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 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +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
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 2023 | May 2024 | CHANGE |
|---|---|---|
| 104 Days | 150 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
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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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