$10,000 Closing Credit*
$1,125,000
3 Beds
•2 Full Baths
Listing Office: Tanuja D Singh Raghoo
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 October 2023
At the same time last year, South Ozone Park was a Seller'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
$725,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+5.1%)
Key Takeaway
Homes in South Ozone Park have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in South Ozone Park was $725,000 in October 2024, up 5.1% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $285K | N/A |
| 2 Bedrooms | $530K | $608K | +14.7% |
| 3 Bedrooms | $650K | $685K | +5.4% |
| 4 Bedrooms | $817.5K | $801.5K | -2.0% |
| 5+ Bedrooms | $890K | $1.0M | +23.3% |
Summary: South Ozone Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Jamaica | $640K | $697.5K | +9.0% |
| 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 South Ozone Park, NY
How many homes are available in South Ozone Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 146 | +9.0% |
Summary: The South Ozone Park real estate market had 146 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 63 | 75 | +19.0% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The South Ozone Park 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 remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in South Ozone Park in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 102 Days | 80 Days | -21.6% |
Summary: Homes in South Ozone Park had an average of 80 days on market in Oct 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Ozone Park has remained consistent over time.
Summary: During October 2024, 14 homes were sold in South Ozone Park; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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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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