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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