$10,000 Closing Credit*
$1,588,888
2,100 SqFt
3 Beds
•3 Baths
Listing Office: Compass Greater NY LLC
Is Oakland Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Oakland Gardens was a Seller's Market.
Key Takeaway
Oakland Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakland Gardens, NY
How much do homes in Oakland Gardens, NY cost?
Median Sold Price
$365,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,666(+5.7%)
Key Takeaway
Homes in Oakland Gardens have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Oakland Gardens was $365,000 in October 2024, up 5.7% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238.5K | $260K | +9.0% |
| 2 Bedrooms | $326K | $335K | +2.8% |
| 3 Bedrooms | $818K | $956.7K | +17.0% |
| 4 Bedrooms | $1.1M | $1.1M | +2.1% |
| 5+ Bedrooms | $1.3M | $1.5M | +10.9% |
Summary: Oakland Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Holliswood | $225K | $897K | +298.7% |
| Bayside | $595K | $860K | +44.5% |
| Oakland Gardens | $345.3K | $365K | +5.7% |
| Bellaire | $660K | $695K | +5.3% |
| Douglaston | $395.5K | $385K | -2.7% |
Housing Supply in Oakland Gardens, NY
How many homes are available in Oakland Gardens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 169 | -2.9% |
Summary: The Oakland Gardens real estate market had 169 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 46 | 0.0% |
| 2 Bedrooms | 65 | 72 | +10.8% |
| 3 Bedrooms | 36 | 28 | -22.2% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The Oakland Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 21 | -38.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland Gardens, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Oakland Gardens in October 2024, down by 38.2% month-over-month. Of the 21 sold homes, 67% were sold under asking, 10% were sold at asking, and 24% were sold over asking.
Days on Market for Oakland Gardens, NY
How long does it take to sell a home in Oakland Gardens, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 59 Days | -11.8% |
Summary: Homes in Oakland Gardens had an average of 59 days on market in Oct 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakland Gardens has remained consistent over time.
Summary: During October 2024, 21 homes were sold in Oakland Gardens; 29% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.