Is Nassau County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nassau County has remained a Buyer's Market.
Housing Prices in Nassau County, NY
How much do homes in Nassau County, NY cost?
Median Sold Price
$710,772
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nassau County was $710,772 in April 2024, up 4.5% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285.9K | $300K | +4.9% |
2 Bedrooms | $514.5K | $524.8K | +2.0% |
3 Bedrooms | $649.9K | $675K | +3.8% |
4 Bedrooms | $719.7K | $749.7K | +4.2% |
5+ Bedrooms | $926.1K | $995K | +7.4% |
Summary: Nassau County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Counties
Suffolk County | $550K | $582.9K | +6.0% |
Nassau County | $679.8K | $710.7K | +4.5% |
Queens County | $691.7K | $689.4K | -0.3% |
Housing Supply in Nassau County, NY
How many homes are available in Nassau County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,732 | 5,253 | +11.0% |
Summary: The Nassau County real estate market had 5,253 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 310 | 339 | +9.4% |
2 Bedrooms | 466 | 500 | +7.3% |
3 Bedrooms | 1,278 | 1,416 | +10.8% |
4 Bedrooms | 1,527 | 1,699 | +11.3% |
5+ Bedrooms | 1,151 | 1,299 | +12.9% |
Summary: The Nassau County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
687 | 601 | -12.5% |
Asking Price vs. Sold Price
265 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
271 Homes Were Sold
Over Asking
Summary: A total of 601 homes were sold or pending in Nassau County in April 2024, down by 12.5% month-over-month. Of the 601 sold homes, 44% were sold under asking, 11% were sold at asking, and 45% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 59 Days | -22.1% |
Summary: Homes in Nassau County had an average of 59 days on market in Apr 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
305 Homes Were Sold
Under 30 Days
173 Homes Were Sold
In 30 - 90 Days
123 Homes Were Sold
Over 90 Days
Summary: During April 2024, 601 homes were sold in Nassau County; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.