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 buyer's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

Nassau County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Nassau County, NY cost?

Median Sold Price

$672,444

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$47,009(+7.5%)

Key Takeaway

Homes in Nassau County have sold for 7.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $275K$284.1K
+3.3%
2 $460K$502.8K
+9.3%
3 $599.6K$639.9K
+6.7%
4 $652.1K$708.7K
+8.7%
5+ $851.9K$921K
+8.1%

Median Sold Price Compared To Nearby Counties

Suffolk County
+9.9%
Nassau County
+7.5%
Queens County
+4.3%

How many homes are available in Nassau County, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
7,4887,255-3.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 383390
+1.8%
2 654667
+2.0%
3 2,1351,990
-6.8%
4 2,5692,499
-2.7%
5+ 1,7471,709
-2.2%

Number of Homes Sold

Aug 2022Sep 2022%
1,337974-27.2%

Asking Price vs. Sold Price

455 Homes Were Sold
Under Asking

114 Homes Were Sold
At Asking

405 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. 46.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
48 Days46 Days-4.0%

Breakdown of Home Sale Times

518 Homes Were Sold
Under 30 Days

338 Homes Were Sold
In 30 - 90 Days

118 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.

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

About Nassau County, NY

Nassau County, NY has 7,255 homes for sale to choose from. The inventory of homes for sale in Nassau County, NY between August 2022 and September 2022 decreased by 3.1%. While the average time on the market in September 2022 was 46 days, the median list price was $672,444. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 3.3% more expensive, prices of 2 bedrooms properties went up by 9.3%, the cost of 3 bedrooms properties went up by 6.7%, prices of 4 bedrooms properties went up by 8.7%, the cost of 5 bedrooms properties went up by 8.1%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 1.8%, the quantity of 2 bedrooms homes went up by 2%, volume of 3 bedrooms homes went down by 6.8%, number of 4 bedrooms homes decreased by 2.7%, volume of 5 bedrooms homes went down by 2.2%. In September 2022, from all listings sold in Nassau County, NY there were more than 405 sold above asking price, over 455 sold below and more than 114 were sold right at the asked price.

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