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 October 2023

Since last year, Woodhaven has remained a Buyer'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

$732,000

$444/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,500(+7.1%)

Key Takeaway

Homes in Woodhaven have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Woodhaven was $732,000 in October 2024, up 7.1% from last year, and the median price per square foot was $444.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$194K
+14.1%
2 $252.5K$260K
+3.0%
3 $619K$620K
0.2%
4 $705K$777K
+10.2%
5+ $915K$938K
+2.5%

Summary: Woodhaven housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Neighborhoods

Woodhaven
+7.1%
Glendale
+3.6%
Richmond Hill
+0.7%
Ozone Park
-3.9%

Housing Supply in Woodhaven, NY

How many homes are available in Woodhaven, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
122132+8.2%

Summary: The Woodhaven real estate market had 132 homes for sale in October 2024, a 8.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 1218
+50.0%
3 3635
-2.8%
4 2223
+4.5%
5+ 4448
+9.1%

Summary: The Woodhaven 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 increased by 50%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 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. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Woodhaven in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% 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

Oct 2023Oct 2024CHANGE
84 Days92 Days+9.6%

Summary: Homes in Woodhaven had an average of 92 days on market in Oct 2024, up by 9.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 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 October 2024, 13 homes were sold in Woodhaven; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 15 Days Ago

Newest Listings in Woodhaven, NY

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