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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglaston is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Douglaston was a Neutral Market.

Key Takeaway

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

Housing Prices in Douglaston, NY

How much do homes in Douglaston, NY cost?

Median Sold Price

$385,000

$407/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,500(-2.7%)

Key Takeaway

Homes in Douglaston have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Douglaston was $385,000 in October 2024, down 2.7% from last year, and the median price per square foot was $407.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$245K
+2.1%
2 $339K$382.5K
+12.8%
3 $830K$842K
+1.4%
4 $940K$1.1M
+20.2%
5+ $1.3M$1.6M
+20.5%

Summary: Douglaston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Neighborhoods

Bayside
+44.5%
Little Neck
+14.0%
Bellaire
+5.3%
Glen Oaks
+5.0%
Douglaston
-2.7%

Housing Supply in Douglaston, NY

How many homes are available in Douglaston, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1271270.0%

Summary: The Douglaston real estate market had 127 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4346
+7.0%
2 2922
-24.1%
3 1820
+11.1%
4 2220
-9.1%
5+ 1519
+26.7%

Summary: The Douglaston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18180.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglaston, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Douglaston in October 2024, the same as the previous month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.

Days on Market for Douglaston, NY

How long does it take to sell a home in Douglaston, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
99 Days73 Days-26.2%

Summary: Homes in Douglaston had an average of 73 days on market in Oct 2024, down by 26.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Douglaston are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in Douglaston; 39% of homes were sold within 30 days, 22% 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 4 Days Ago

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