June 06, 2026
If you're thinking about buying or selling a home on Long Island, you're not alone—it continues to be one of New York's hottest suburban markets.
But as we approach mid-2025, some subtle shifts are taking place, and anyone looking to make a move should understand where the market stands and where it's headed.
Median home prices across Long Island have surged again. In April 2025, the median sale price hit $716,000—up more than 10% from the previous year.
Nassau County now sits at a median listing price of $849,000, with Suffolk just behind at $839,000. That’s not pocket change. Even more telling, homes are still selling very close to list price, and bidding wars are common on well-priced properties.
What does that mean for sellers? It’s still your market. For buyers? Be ready to act quickly and bring your best offer.
There’s no mystery behind these high prices—it’s all about supply and demand. Inventory is down, and even though interest rates have crept up, buyer demand hasn’t backed off enough to bring prices down.
Homes are averaging about 70 days on the market, and that includes the time it takes to clear contract and financing contingencies. It’s still competitive, but buyers have a bit more breathing room than during the 2021–2022 frenzy.
At the county level, Nassau and Suffolk are still leading the charge. In Nassau County, the median sold price is around $760,000, with homes selling in under 60 days and staying close to asking price.
It’s a tight market, especially for mid-range single-family homes. Meanwhile, Suffolk County’s median sold price is a bit lower at $649,000, with homes selling in about 64 days.
Buyers looking for more space and slightly better value are heading east, where their dollar stretches a bit further.
With all the talk of high prices and limited inventory, many are asking: Is a market crash coming? The short answer is no. While affordability is becoming a major issue, the ongoing shortage of homes and strong buyer interest make a crash unlikely—at least for now.
A full-blown downturn would require a flood of new inventory and a dramatic drop in demand, both of which seem improbable in the current climate.
Looking ahead to 2025 and 2026, the market is expected to stay resilient. Long Island continues to attract buyers who want a suburban lifestyle with proximity to New York City.
The rise in remote and hybrid work has only amplified this appeal, as people look for homes with more space and access to outdoor areas.
That said, we may see a cooling off in the pace of price growth if interest rates hold or tick up again.
Sellers are still in a strong position, but the days of throwing any number on a listing and getting 20 offers overnight may be slowing.
For buyers, the market is tough, but it’s not impossible. With the right strategy and a knowledgeable local agent, there are still good opportunities—especially for those thinking long-term.
Disclaimer: This content is meant for informational purposes only and is not intended to be construed as financial, tax, legal, or insurance advice.
