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 seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Glen Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Glen Oaks, NY

How much do homes in Glen Oaks, NY cost?

Median Sold Price

$355,000

$368/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$20,000(-5.3%)

Key Takeaway

Homes in Glen Oaks have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Glen Oaks was $355,000 in November 2024, down 5.3% from last year, and the median price per square foot was $368.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $309.7K$297.5K
-4.0%
2 $455K$467.5K
+2.7%
3 $656.2K$792.5K
+20.8%
4 $791.5K$860K
+8.7%
5+ $960K$1.5M
+58.9%

Summary: Glen Oaks housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 58.9%.

Median Sold Price Compared To Nearby Neighborhoods

Little Neck
+14.5%
Bellerose
+6.8%
Floral Park
+3.9%
Douglaston
-3.0%
Glen Oaks
-5.3%

Housing Supply in Glen Oaks, NY

How many homes are available in Glen Oaks, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
110100-9.1%

Summary: The Glen Oaks real estate market had 100 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 6960
-13.0%
2 2525
0.0%
3 66
0.0%
4 76
-14.3%
5+ 33
0.0%

Summary: The Glen Oaks housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 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. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Glen Oaks in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% 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

Nov 2023Nov 2024CHANGE
130 Days130 Days-0.2%

Summary: Homes in Glen Oaks had an average of 130 days on market in Nov 2024, down by 0.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Glen Oaks are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 19 homes were sold in Glen Oaks; 16% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 53% 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 21 Days Ago

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