Nassau Home Sales Flat from Last Year, Suffolk Numbers Decline
By Hank Russell
Although Nassau and Suffolk Counties did not see an increase in home sales, they did see home prices go up, according to the latest housing data.
The New York State Association of REALTORS® (NYSAR) recently reported that Nassau’s home sales remained the same as last September at 904. Meanwhile, Suffolk’s home sales year over year dropped by 2.3% from 1,149 to 1,122.
The median sales price for Nassau last month was $795,000. That is an increase of 8.4% the previous September, when it was $733,550. Suffolk’s prices went from $590,000 in September 2023 to $650,000 this September — a 10.2% jump.
In Nassau, there were fewer homes on the market, compared to last year: there were 2,407 homes for sale in September 2024, a 5.2% decline from the September 2023 figure of 2,539. However, 1,103 new listings hit the market last, which is 9.6% more than the previous September (1,006). Despite these additions, the availability of housing supply slipped by 3.3% from 3.0 to 2.9 months.
Suffolk had more availability, with 3,293 homes for sale, which is 8.8% greater than last September, when 3,028 were on the market. In addition, the county added 1,530 new listings this past month, compared to 1,358 in September 2023. That means a rise of 12.7%. Housing supply also increased 7.1% from 2.8 to 3.0 months over the previous year.