Yes, but I would stay disciplined on value, pace, and how long a property has really been sitting.
If you are trying to decide whether to start touring now or hold back, I would not sit on the sidelines without a plan. My read is that Maspeth, NY still gives serious house hunters opportunities, especially because not every property is moving at the same speed. The right move is to separate fresh demand from stale inventory before you fall in love with a number that does not hold up.
The opening signal is this supply recently stood at 3.8 months, and that still leans toward sellers. At the same time, the last three months show a typical asking price of $928,000 for homes that went pending, while recently closed homes had a typical sale price of $760,000. I would not treat that gap as a shortcut to bargain hunting, but I would treat it as a reason to study each home's condition, timing, and pricing history carefully. Pace matters here. Over the last three months, new listings spent a typical 15 days available, while pending homes showed a typical 63-day timeline and closed homes showed a typical 48-day timeline. That tells me some homes in Maspeth, NY are getting attention quickly, while others are taking much longer to secure a buyer, which creates a very different negotiating setup from one listing to the next. Tour the newest listings first so you can see what sellers are asking the market to accept right now. Then compare those homes with listings that have sat longer and be ready to challenge price with specifics tied to time on market. Do not write the same offer strategy on every house. If you also need to sell, I would line up that timing before you chase a property that may move faster than expected.
About Liliana Aristizabal
Liliana Aristizabal is a licensed Real Estate Professional affiliated with RE/MAX Team, specializing in the Maspeth market. With a focus on strategic marketing and deep local knowledge, Liliana Aristizabal provides clients with expert guidance in navigating complex real estate transactions. View full profile →
