Is Woodhaven, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodhaven is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Woodhaven was a Seller's Market.

Key Takeaway

Woodhaven is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Woodhaven, NY

How much do homes in Woodhaven, NY cost?

Median Sold Price

$740,000

$444/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,000(+7.6%)

Key Takeaway

Homes in Woodhaven have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Woodhaven was $740,000 in November 2024, up 7.6% from last year, and the median price per square foot was $444.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $177.5K$192K
+8.2%
2 $252.5K$275K
+8.9%
3 $619K$630K
+1.8%
4 $710K$815K
+14.8%
5+ $915K$934K
+2.1%

Summary: Woodhaven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Neighborhoods

Woodhaven
+7.6%
Glendale
+4.5%
Ozone Park
-1.4%

Housing Supply in Woodhaven, NY

How many homes are available in Woodhaven, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127119-6.3%

Summary: The Woodhaven real estate market had 119 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 910
+11.1%
2 1717
0.0%
3 3531
-11.4%
4 2015
-25.0%
5+ 4646
0.0%

Summary: The Woodhaven housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodhaven, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Woodhaven in November 2024, up by 15.4% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.

Days on Market for Woodhaven, NY

How long does it take to sell a home in Woodhaven, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
103 Days86 Days-16.1%

Summary: Homes in Woodhaven had an average of 86 days on market in Nov 2024, down by 16.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Woodhaven has remained consistent over time.

Summary: During November 2024, 15 homes were sold in Woodhaven; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Woodhaven, NY

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