Mark Karten's Market Report

Oakland Gardens, NY 11364

Condos/Townhomes

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



Oakland Gardens, NY 11364

Wed Jul 06 2022
This week the median list price for Oakland Gardens, NY 11364 is $350,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 17. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Oakland Gardens, NY 11364

Wed Jul 06 2022
This week the median list price for Oakland Gardens, NY 11364 is $350,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 17. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Oakland Gardens market.
Median List Price $350,000
Median Price of New Listings $421,500
Per Square Foot $430
Average Days on Market 35
Median Days on Market 35
Price Decreased 29%
Price Increased 12%
Relisted 0%
Inventory 17
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$647,500 1,475 - 2 2 50 1 0 49
$470,000 875 - 2 1 56 0 0 35
$345,000 815 - 2 1 67 0 0 42
$315,000 0 - 2 1 67 1 0 0