$7,500,000
Land
Listing Office: NY Space Finders Inc
Is South Ozone Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Ozone Park has remained a Buyer's Market.
Key Takeaway
South Ozone Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Ozone Park, NY
How much do homes in South Ozone Park, NY cost?
Median Sold Price
$735,500
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,000(+6.2%)
Key Takeaway
Homes in South Ozone Park have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in South Ozone Park was $735,500 in November 2024, up 6.2% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $285K | N/A |
| 2 Bedrooms | $535K | $608K | +13.6% |
| 3 Bedrooms | $650K | $685K | +5.4% |
| 4 Bedrooms | $805K | $812K | +0.9% |
| 5+ Bedrooms | $890K | $1.1M | +32.6% |
Summary: South Ozone Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Neighborhoods
| South Jamaica | $647.5K | $695K | +7.3% |
| South Ozone Park | $692.5K | $735.5K | +6.2% |
| Southwestern Queens | $687K | $724.9K | +5.5% |
| Ozone Park | $740K | $730K | -1.4% |
Housing Supply in South Ozone Park, NY
How many homes are available in South Ozone Park, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 132 | -2.9% |
Summary: The South Ozone Park real estate market had 132 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 70 | 63 | -10.0% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 29 | 29 | 0.0% |
Summary: The South Ozone Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Ozone Park, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in South Ozone Park in November 2024, down by 43.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for South Ozone Park, NY
How long does it take to sell a home in South Ozone Park, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 187 Days | 57 Days | -69.3% |
Summary: Homes in South Ozone Park had an average of 57 days on market in Nov 2024, down by 69.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Ozone Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in South Ozone Park; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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. 
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