Is Nassau County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Nassau County was a Seller's Market.
Housing Prices in Nassau County, NY
How much do homes in Nassau County, NY cost?
Median Sold Price
$720,550
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nassau County was $720,550 in May 2024, up 6.1% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.4K | $305.8K | +6.8% |
2 Bedrooms | $512.7K | $535K | +4.3% |
3 Bedrooms | $649.9K | $680.1K | +4.6% |
4 Bedrooms | $714.9K | $750.9K | +5.0% |
5+ Bedrooms | $918.2K | $999.4K | +8.8% |
Summary: Nassau County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Counties
Suffolk County | $549.9K | $590.4K | +7.4% |
Nassau County | $678.8K | $720.5K | +6.1% |
Queens County | $689.2K | $693.5K | +0.6% |
Housing Supply in Nassau County, NY
How many homes are available in Nassau County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5,164 | 5,858 | +13.4% |
Summary: The Nassau County real estate market had 5,858 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 335 | 362 | +8.1% |
2 Bedrooms | 489 | 535 | +9.4% |
3 Bedrooms | 1,417 | 1,674 | +18.1% |
4 Bedrooms | 1,681 | 1,870 | +11.2% |
5+ Bedrooms | 1,242 | 1,417 | +14.1% |
Summary: The Nassau County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 14.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
636 | 713 | +12.1% |
Asking Price vs. Sold Price
312 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
337 Homes Were Sold
Over Asking
Summary: A total of 713 homes were sold or pending in Nassau County in May 2024, up by 12.1% month-over-month. Of the 713 sold homes, 44% were sold under asking, 9% were sold at asking, and 47% were sold over asking.
Days on Market for Nassau County, NY
How long does it take to sell a home in Nassau County, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 59 Days | -7.8% |
Summary: Homes in Nassau County had an average of 59 days on market in May 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
391 Homes Were Sold
Under 30 Days
171 Homes Were Sold
In 30 - 90 Days
151 Homes Were Sold
Over 90 Days
Summary: During May 2024, 713 homes were sold in Nassau County; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.