$3,551 Closing Credit*
$299,000
1 Bed
•1 Full Bath
Listing Office: Daniel Gale Sothebys Intl Rlty
Is University Gardens, 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, University Gardens has remained a Buyer's Market.
Key Takeaway
University Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in University Gardens, NY
How much do homes in University Gardens, NY cost?
Median Sold Price
$990,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+4.2%)
Key Takeaway
Homes in University Gardens have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in University Gardens was $990,000 in October 2024, up 4.2% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $278K | +10.1% |
| 2 Bedrooms | $332K | $367.5K | +10.7% |
| 3 Bedrooms | $999K | $1.1M | +17.6% |
| 4 Bedrooms | $1.2M | $1.4M | +17.5% |
| 5+ Bedrooms | $1.7M | $2.1M | +22.6% |
Summary: University Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Little Neck | $999.9K | $1.1M | +14.0% |
| Town of North Hempstead | $899.1K | $989.6K | +10.1% |
| University Gardens | $950K | $990K | +4.2% |
| Northeastern Queens | $718K | $741.2K | +3.2% |
Housing Supply in University Gardens, NY
How many homes are available in University Gardens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The University Gardens real estate market had 29 homes for sale in October 2024, a 31.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The University Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University Gardens, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in University Gardens in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for University Gardens, NY
How long does it take to sell a home in University Gardens, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 287 Days | 21 Days | -92.7% |
Summary: Homes in University Gardens had an average of 21 days on market in Oct 2024, down by 92.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University Gardens are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in University Gardens; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.