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 October 2023

At the same time last year, Glen Oaks was a Neutral 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

$370,000

$381/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+5.0%)

Key Takeaway

Homes in Glen Oaks have sold for 5% more than they did a year ago.

Summary: The median home sold price in Glen Oaks was $370,000 in October 2024, up 5% from last year, and the median price per square foot was $381.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K$297.5K
+4.4%
2 $399K$495.6K
+24.2%
3 $630K$792.5K
+25.8%
4 $1.1M$834K
-26.7%
5+ $960K$1.5M
+58.9%

Summary: Glen Oaks housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 58.9%.

Median Sold Price Compared To Nearby Neighborhoods

Little Neck
+14.0%
Bellerose
+6.4%
Glen Oaks
+5.0%
Floral Park
+3.2%
Douglaston
-2.7%

Housing Supply in Glen Oaks, NY

How many homes are available in Glen Oaks, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123112-8.9%

Summary: The Glen Oaks real estate market had 112 homes for sale in October 2024, a 8.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 7568
-9.3%
2 3228
-12.5%
3 76
-14.3%
4 78
+14.3%
5+ 22
0.0%

Summary: The Glen Oaks housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2314-39.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 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. 92.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Glen Oaks in October 2024, down by 39.1% month-over-month. Of the 14 sold homes, 93% were sold under asking, 0% were sold at asking, and 7% 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

Oct 2023Oct 2024CHANGE
109 Days144 Days+31.6%

Summary: Homes in Glen Oaks had an average of 144 days on market in Oct 2024, up by 31.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glen Oaks has remained consistent over time.

Summary: During October 2024, 14 homes were sold in Glen Oaks; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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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