Is Nassau County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nassau County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Nassau County was a Seller's Market.

Key Takeaway

Nassau County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Nassau County, NY

How much do homes in Nassau County, NY cost?

Median Sold Price

$751,809

$457/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$66,890(+9.8%)

Key Takeaway

Homes in Nassau County have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Nassau County was $751,809 in November 2024, up 9.8% from last year, and the median price per square foot was $457.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $290.5K$315K
+8.4%
2 $515K$567.2K
+10.2%
3 $651.7K$720K
+10.5%
4 $722.9K$788.3K
+9.1%
5+ $950.7K$1.0M
+15.7%

Summary: Nassau County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Counties

Suffolk County
+11.3%
Nassau County
+9.8%
Queens County
+6.6%

Housing Supply in Nassau County, NY

How many homes are available in Nassau County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5,4285,213-4.0%

Summary: The Nassau County real estate market had 5,213 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 312311
-0.3%
2 459441
-3.9%
3 1,5701,485
-5.4%
4 1,7991,706
-5.2%
5+ 1,2881,270
-1.4%

Summary: The Nassau County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 1.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
914746-18.4%

Asking Price vs. Sold Price

340 Homes Were Sold
Under Asking

87 Homes Were Sold
At Asking

319 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nassau County, you may be able to get a good deal. 45.6% of homes here sold below asking price last month.

Summary: A total of 746 homes were sold or pending in Nassau County in November 2024, down by 18.4% month-over-month. Of the 746 sold homes, 46% were sold under asking, 12% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
58 Days61 Days+5.1%

Summary: Homes in Nassau County had an average of 61 days on market in Nov 2024, up by 5.1% compared to last year.

Breakdown of Home Sale Times

360 Homes Were Sold
Under 30 Days

242 Homes Were Sold
In 30 - 90 Days

144 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nassau County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 746 homes were sold in Nassau County; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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