$815K in Nassau, $675K in Suffolk
By Hank Russell
Home prices on Long Island continue to go nowhere but up, according to the latest data from the New York State Association of REALTORSⓇ (NYSAR).
According to the organization, the median sales price in Nassau County went up 6.0% in January to $815,000. That is up from the previous January, when it was $769,000. In Suffolk, the price went up 4.7% to $675,000 from $645,000 in January 2025. Both Nassau and Suffolk’s prices exceeded the state’s median sales price of $445,000 — a 7.2% increase from January 2025’s figure of $415,000.
The lack of available homes may have driven up sales prices. In Nassau, home sales fell 8.2% year over year from 797 to 732, according to NYSAR. There were 8.1% fewer new listings to 841, compared to 915 last year. The number of homes for sale also dropped from 2,136 to 1,871 — a 12.4% decrease.
In Suffolk, there were 921 closings last month, which is 7.3% less than last year, when there were 994 homes that were sold, based on NYSAR data. The number of new listings dropped 13.4% from 1,169 to 1,012. In addition, the number of homes for sale dropped off 13.2% on an annual basis, from 2,911 to 2,528.
Inventory also declined in both counties. In Nassau, it went from 2.6 to 2.2 months’ supply — a 15.4% drop — while, in Suffolk, supply fell by 11.5% from 2.6 to 2.3 months. That is less than the state’s inventory of 2.6 months, which is slightly less than January 2025’s figure of 2.7 months.