Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Glen Oaks Home Prices

The data below shows median sales prices for Glen Oaks Queens homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Glen Oaks homes and apartments was $312,5001. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Glen Oaks

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 21.12% higher.

At $312,500, the current combined median price is now at a new all time high for the series.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in Glen Oaks for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $482,500 § $290,000 — § $312,500
November 2010 $460,000 § $279,000 — § $283,000
October 2010 $457,500 § $225,000 — § $269,000
September 2010 $515,000 § $231,250 — § $245,000
August 2010 $515,000 § $245,000 — § $254,500
July 2010 $515,000 § $238,000 — § $239,750
June 2010 $609,000 § $235,000 — § $236,500
May 2010 $975,000 § $218,500 — § $225,000
April 2010 $989,000 § $226,000 — § $229,500
March 2010 $410,000 § $222,500 — § $225,000
February 2010 $410,000 § $245,000 — § $252,500
January 2010 $460,000 § $247,500 — § $258,000
December 2009 $498,000 § $247,500 — § $258,000

12 Month Rolling Home Price History for Glen Oaks

The 12 month rolling median price for all homes and apartments in queens reached its most recent peak of $265,000 in June 2008. At $245,000, the current 12 month rolling median price is now 7.55% lower. When the 12 month rolling median price hit its lowest point (to date) of $231,500 in October 2009 it was 12.64% off the most recent peak. It has since climbed 5.83% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in Glen Oaks for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $515,000 § $238,000 — § $245,000
November 2010 — § — § — § — §
October 2010 $513,000 § $237,000 — § $243,000
September 2010 $515,000 § $237,000 — § $240,500
August 2010 $515,000 § $237,500 — § $245,000
July 2010 $515,000 § $237,250 — § $245,000
June 2010 $485,000 § $234,000 — § $240,000
May 2010 $482,500 § $231,500 — § $240,000
April 2010 $465,000 § $230,000 — § $245,000
March 2010 $472,500 § $229,500 — § $245,000
February 2010 $465,000 $229,000 — § $245,000
January 2010 $472,500 $227,000 — § $245,000
December 2009 $465,000 $225,000 — § $240,000

Glen Oaks Home Affordability

In 2007, the median household income in Queens was $52,2992. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Queens household, this would have meant that a monthly mortgage payment should not have exceeded $1,307 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 19.01% of the homes and apartments sold in Glen Oaks in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report. ↩

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets. ↩

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.

The City of New York can not vouch for the accuracy or completeness of data provided by this web site or application or for the usefulness or integrity of the web site or application. This site provides applications using data that has been modified for use from its original source, NYC.gov, the official web site of the City of New York.