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Long Island Real Estate Market Report - April 2024

By
Real Estate Broker/Owner with Educators Realty

The Long Island real estate market in April 2024 shows significant activity and rising prices, with Suffolk County remaining a seller's market. Suffolk County's median sold price reached $615,000, a 2.93% increase from the previous month, with homes selling above list price. The months of inventory dropped to 2.81, indicating high demand. Nassau County, meanwhile, presents more balanced conditions with a median sold price of $710,000, up 1.2% from March, and a list-to-sold price ratio of 99.8%. The months of inventory in Nassau County stand at 4.2, suggesting a stable environment for both buyers and sellers.

Overall, Long Island saw a robust market with new and active listings growing in both counties. Suffolk County reported 1,783 new listings with a median price of $674,999, while Nassau County had 1,250 new listings with a median price of $735,000. Active listings in Suffolk and Nassau counties totaled 3,042 and 2,980, respectively. Both counties also experienced strong buyer activity, reflected in rising pending and sold listings. For investors and homebuyers, Long Island continues to offer promising opportunities with consistent price appreciation and dynamic market conditions.

More on Nassau County:
Full Nassau Market Report
Nassau Homes For Sale
Hot Nassau Communities: Syosset, Hicksville, Woodbury

More on Suffolk County:
Full Suffolk Market Report
Suffolk Homes For Sale
Hot Suffolk Communities: Northport, Kings Park, Babylon

 
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George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Christopher Robson this is good information for both Buyers and Sellers in your area.

May 22, 2024 02:14 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Welcome to the Rain. Enjoyed your blog page, and I added you as a follower. I would love the follow back. Also, then we both get 50 points. Bill

Bill Salvatore, Realtor- Arizona Elite Properties

May 23, 2024 10:04 AM