$10,000 Closing Credit*
$1,250,000
2,000 SqFt
6 Beds
•4 Full Baths
Listing Office: HOUSESRUS.COM Inc
Is Ozone Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ozone Park has remained a Buyer's Market.
Key Takeaway
Ozone Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ozone Park, NY
How much do homes in Ozone Park, NY cost?
Median Sold Price
$720,000
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$29,000(-3.9%)
Key Takeaway
Homes in Ozone Park have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Ozone Park was $720,000 in October 2024, down 3.9% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $262K | -15.5% |
| 2 Bedrooms | $515K | $580K | +12.6% |
| 3 Bedrooms | $681K | $675K | -0.9% |
| 4 Bedrooms | $805K | $813.5K | +1.1% |
| 5+ Bedrooms | $1.0M | $975K | -3.9% |
Summary: Ozone Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.5%, 2 bedroom homes increased by 12.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Woodhaven | $683.5K | $732K | +7.1% |
| South Ozone Park | $690K | $725K | +5.1% |
| Southwestern Queens | $692K | $720K | +4.0% |
| Richmond Hill | $735K | $740K | +0.7% |
| Ozone Park | $749K | $720K | -3.9% |
Housing Supply in Ozone Park, NY
How many homes are available in Ozone Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 144 | +6.7% |
Summary: The Ozone Park real estate market had 144 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 43 | 47 | +9.3% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 58 | 61 | +5.2% |
Summary: The Ozone Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ozone Park, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Ozone Park in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Ozone Park, NY
How long does it take to sell a home in Ozone Park, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 65 Days | +10.7% |
Summary: Homes in Ozone Park had an average of 65 days on market in Oct 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ozone Park has remained consistent over time.
Summary: During October 2024, 15 homes were sold in Ozone Park; 20% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 27% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.