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Featured local agent — Malverne Park Oaks, NY
Sarah Mitchell
Compass Real Estate · Malverne Park Oaks, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Malverne Park Oaks, NY Housing Market
The last median sale price Redfin published was $1.09M, +39.5% year over year (through May 2026). With homes going under contract in about 83 days, Malverne Park Oaks is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $1.09M home is about $5,846/mo in principal and interest.
Key numbers for Malverne Park Oaks, NY
Median sale price
$1.09M
+39.5% year over year
Redfin, through December 2025
Days on market
83
Slow-moving
Redfin, through December 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$141,629
Home costs 7.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.3%
Selling below asking
Redfin, through December 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Malverne Park Oaks a buyer's or seller's market?
Malverne Park Oaks, NY is a leaning buyer's and homes selling in about 83 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Malverne Park Oaks housing market data show?
Every row below is Redfin's final published month for Malverne Park Oaks, NY. Redfin, through December 2025
| Metric | Value |
|---|---|
| Median sale price | $1.09M |
| Year-over-year price change | +39.5% |
| Median price per sq ft | $479/sq ft |
| Median days on market | 83 days |
| Sale-to-list price ratio | 98.3% |
| Homes sold (that month) | 2 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Malverne Park Oaks is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Malverne Park Oaks is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Malverne Park Oaks home prices moved?
Across the 15 months we hold for Malverne Park Oaks, NY, the median sale price rose 75.5%, from $624,000 in June 2021 to $1.09M.
Redfin, through December 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Malverne Park Oaks?
Priced off the median sale price of $1.09M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $219,000 | $876,000 | $5,846/mo |
| 5% | $54,750 | $1.04M | $6,942/mo |
Redfin, through December 2025 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $5,846, that implies roughly $250,530 a year before you add taxes and insurance. The median household in Malverne Park Oaks earns $141,629, about $108,901 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 7.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Malverne Park Oaks in the next 12 months?
Tell us your timeline. We send the Malverne Park Oaks market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Malverne Park Oaks?
Zillow does not publish a rent index (ZORI) for Malverne Park Oaks, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Malverne Park Oaks?
Active listings in Malverne Park Oaks, NY went from 1 in June 2022 to 2 in July 2025, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2022 | 1 | not published |
| January 2024 | 2 | 2 |
| February 2024 | 1 | not published |
| May 2024 | 1 | not published |
| June 2024 | 1 | not published |
| July 2025 | 2 | 1 |
Redfin, through July 2025
How does Malverne Park Oaks compare to New York and the U.S.?
Malverne Park Oaks homes sell for $1.09M — 76% above the New York median of $620,500. Against the national median of $410,700, Malverne Park Oaks runs 167% higher. Year-over-year, Malverne Park Oaks moved +39.5% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Malverne Park Oaks, NY | $1.09M | +39.5% | 83 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through December 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Malverne Park Oaks
What buyers should watch
- The gap between 5% and 20% down here is $1,096 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.09M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Malverne Park Oaks listing goes under contract in 83 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Malverne Park Oaks varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Malverne Park Oaks
Explore homes currently listed for sale in Malverne Park Oaks, New York across major real estate platforms.
How much do homes cost in Malverne Park Oaks by property type?
How the Malverne Park Oaks, NY market breaks down across single-family homes, condos and townhouses. Redfin, through December 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.09M | $479/sq ft | 2 | 83 days |
Who lives in Malverne Park Oaks?
American Community Survey estimates for Malverne Park Oaks. U.S. Census ACS, 2023
Population
517
Households
241
Median income
$141,629/yr
Median age
40.5 years
Owner-occupied
100.0%
Median home value
$477,200
100.0% of occupied homes in Malverne Park Oaks are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Malverne Park Oaks, NY?
Ordered by distance from Malverne Park Oaks, not by size. Compare Malverne Park Oaks side by side with any of them.
Malverne Park Oaks housing market FAQ
Is Malverne Park Oaks a buyer's or seller's market?
Malverne Park Oaks, NY is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Malverne Park Oaks?
The median sale price in the last month Redfin published was $1.09M, about $479 per square foot.
Is Malverne Park Oaks cheaper than the rest of New York?
Malverne Park Oaks's median sale price of $1.09M is 76% higher than the New York statewide median of $620,500, and 167% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Malverne Park Oaks?
Homes in Malverne Park Oaks, NY spent a median of 83 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Malverne Park Oaks?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.09M home is about $5,846 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $250,530 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $141,629.
Are home prices rising in Malverne Park Oaks?
Redfin's last published year-over-year change for Malverne Park Oaks, NY was +39.5%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Malverne Park Oaks?
Malverne Park Oaks ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Malverne Park Oaks?
That depends on your timeline, not on a headline. What the data says today: Malverne Park Oaks, NY is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $1.09M, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.