By Hank Russell
Home prices in Nassau and Suffolk went up year over year, mostly due to a lack of available homes on the market and fewer new listings. The same was true based on quarterly reports for a statewide real estate group.
According to the New York State Association of REALTORSⓇ (NYSAR), the median sales price in Nassau rose from $777,000 in March 2025 to $800,000 last month. That is an increase of 3.0%. During the first quarter of this year, the median price was $812,000 — up 5.0% from the first three months last year, when it was $773,000.
Suffolk home prices climbed 5.5% year over year from $635,000 to %670,000, NYSAR reported. The county also saw a quarterly increase, with Q1 2026 price at $666,375, up 2.7% from the same quarter last year.
Both counties outpaced the state’s median sales price of $435,000 for March 2026 — up 3.8% from the previous year ($419,000). The median sales price during the first quarter of 2026 was $432,000, up 2.9% from the same quarter the previous year ($420,000).
As home sales prices were pushed up, home sales declined. The number of homes that were sold in Nassau fell 8.2% to 639 in March of this year from 696 in March 2025. Further, sales during the first three months of 2026 saw a 6.3% drop with 1,978 sales completed; 2,111 homes were sold from January to March 2025.
In Suffolk, home sales in March dropped by 6.8% year over year from 876 to 816. During the first quarter of 2026, there were 2,565 closings; that is down 3.9% from Q1 2025’s figure of 2,670 sales.
The decrease in sales could be attributed to the lack of availability. The number of homes on the market in Nassau fell last month by 6.9% to 2,115 from 2,272 in March 2025. New listings declined by 2.3% to 1,204 from 1,232 last year. Inventory also dropped from 2.8 to 2.6 months — a 7.1% drop.
During the first quarter of this year, the number of homes for sale in Nassau fell by 6.9% to 2,115 from 2,272. There were fewer new listings with 2,807, compared to 3.058 in Q1 2025 — a drop of 8.2%. Inventory declined by 7.1% from 2.8 to 2.6 months.
The number of homes for sale in Suffolk declined by 14.9% last month to 2,775 from 3,260 homes last year. There were 1,571 new listings, which is less than March 2025’s number of 1,655. Inventory fell sharply by 16.7% from 3.0 to 2.5 months.
The number of homes for sale in Suffolk during the first quarter of 2026 dropped 14.9% to 2.775 fom 3,260 in Q1 2025 and new listings were 13.6% than the same quarter last year. There were 3.510 new listings the last quarter compared to 4,063 last year. Inventory also dropped by 16.7% from 3.0 to 2.5 months.
Both counties had a lower inventory than New York’s, which had a supply of 2.8 months in March and 2.8 months in Q1 2026.