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 April 2023

Since last year, Nassau County has remained a Buyer'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.

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

+$30,891(+4.5%)

Key Takeaway

Homes in Nassau County have sold for 4.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $285.9K$300K
+4.9%
2 $514.5K$524.8K
+2.0%
3 $649.9K$675K
+3.8%
4 $719.7K$749.7K
+4.2%
5+ $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
+6.0%
Nassau County
+4.5%
Queens County
-0.3%

Housing Supply in Nassau County, NY

How many homes are available in Nassau County, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4,7325,253+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

# BEDSMar 2024Apr 2024CHANGE
1 310339
+9.4%
2 466500
+7.3%
3 1,2781,416
+10.8%
4 1,5271,699
+11.3%
5+ 1,1511,299
+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 2024Apr 2024CHANGE
687601-12.5%

Asking Price vs. Sold Price

265 Homes Were Sold
Under Asking

65 Homes Were Sold
At Asking

271 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nassau County, you could pay more than the asking price. 45.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
76 Days59 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nassau County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 11 Days Ago

Newest Listings in Nassau County, NY

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