Mark Karten's Market Report

Oakland Gardens, NY 11364

Single-Family Homes

Licensed Real Estate Broker | REALTOR® | 917-502-2635 | mark@kresnyc.com



Oakland Gardens, NY 11364

Tue Oct 19 2021
This week the median list price for Oakland Gardens, NY 11364 is $1,149,400 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has decreased to 28. Click here to stay informed with the Oakland Gardens market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oakland Gardens, NY 11364

Tue Oct 19 2021
This week the median list price for Oakland Gardens, NY 11364 is $1,149,400 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has decreased to 28. Click here to stay informed with the Oakland Gardens market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oakland Gardens market.
Median List Price $1,149,400
Median Price of New Listings $1,190,000
Per Square Foot $686
Average Days on Market 81
Median Days on Market 63
Price Decreased 21%
Price Increased 4%
Relisted 4%
Inventory 28
Median Rent $2,700
Market Action 49
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,299,000 1,715 4,500 - 6,500 sqft 3 2 71 0 0 126
$1,178,000 1,643 0 - 4,500 sqft 3 2 71 1 2 84
$1,098,000 1,519 4,500 - 6,500 sqft 3 3 71 0 0 42
$875,000 1,242 0 - 4,500 sqft 3 2 71 0 1 21