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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Astoria is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Astoria was a Seller'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

$1,050,000

$789/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$178,000(+20.4%)

Key Takeaway

Homes in Astoria have sold for 20.4% more than they did a year ago.

Summary: The median home sold price in Astoria was $1,050,000 in October 2024, up 20.4% from last year, and the median price per square foot was $789.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $645K$645K
0.0%
2 $795K$793K
-0.3%
3 $1.1M$1.1M
0.0%
4 $1.2M$1.4M
+17.0%
5+ $1.4M$1.5M
+1.7%

Summary: Astoria housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Neighborhoods

Astoria
+20.4%
Long Island City
+12.7%
Woodside
+2.3%

Housing Supply in Astoria, NY

How many homes are available in Astoria, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
196210+7.1%

Summary: The Astoria real estate market had 210 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 6167
+9.8%
2 4346
+7.0%
3 2627
+3.8%
4 1514
-6.7%
5+ 5156
+9.8%

Summary: The Astoria housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Astoria, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Astoria in October 2024, down by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
79 Days112 Days+40.6%

Summary: Homes in Astoria had an average of 112 days on market in Oct 2024, up by 40.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 October 2024, 12 homes were sold in Astoria; 0% of homes were sold within 30 days, 25% 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 23 Days Ago

Newest Listings in Astoria, NY

Nearby Markets to Astoria, NY