January 1st through September 30th
22 Offices Located Throughout Long Island
MASSAPEQUA
BAY
Annual Report NY RANKED TOP MARKET FOR SELLERS IN THE COUNTRY
As we approach the fall season in real estate, the markets in Suffolk and Nassau counties are displaying significant year-over-year trends. The change of season often brings shifts in market dynamics, with inventory changes and price adjustments impacting buyers and sellers alike. This analysis provides an overview of current market conditions in both counties and insights into the trends shaping the local real estate landscape.
While inventory remains very low across Long Island, Suffolk County has experienced a recent increase in new listings, whereas Nassau County has seen a slight decrease. Despite these differences, home prices in both counties continue to experience double-digit appreciation year-over-year.
A recent Zillow study ranked the New York metro area, which includes Long Island, as the nation’s number one market for sellers, underscoring the competitiveness buyers face when searching for a home. Conversely five of the top ten buyer’s markets in the county are located in Florida with Cape Coral Fl as number one.
A key metric in this competitive market is the sales price versus list price ratio, which reveals how much buyers are willing to pay relative to the asking price.
Calculated by dividing a home’s final sale price by its list price, this ratio currently stands at 101.9% in Suffolk County for the 9,511 homes sold, indicating that homes are, on average, selling slightly above asking price. Nassau County reflects a similar trend with a 101% ratio for its 7,414 closed sales, showing sustained demand across the region.
Collaboration within the industry remains essential, with 81% of Suffolk County home sales and 70% of Nassau County sales co-brokered between agents from different companies. This high level of teamwork and cooperation enhances the buying and selling process, offering significant benefits to clients as they traverse an active market.
Navigating this complex and everchanging environment can be challenging, but your Signature Premier Properties agent offers expert guidance every step of the way. Our agents leverage deep market insights, skilled negotiation, and comprehensive knowledge to streamline the transaction process, ensuring optimal outcomes and supporting you in achieving your real estate goals.
Sell or Buy Your House Today…The Signature Premier Properties Way
BABYLON TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
BROOKHAVEN TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
$975,000
$480,000
$680,000
$565,000
$650,000
$570,000
$567,750
$745,000
$549,000 $694,000
$587,500
BROOKHAVEN TOWNSHIP MARKET REPORT
HEMPSTEAD TOWNSHIP MARKET REPORT
HEMPSTEAD TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
Median Sales Price 2024
$790,000
$672,500
$1,612,500
$670,000
$1,262,500
$850,000
$790,000
$725,000
$810,000
$790,000
$845,000
$640,000
$780,000
$885,000
$710,000
$1,250,000
$877,500
$580,000
$629,000
$799,500
$600,000
$700,000
$755,000
$698,500
$1,222,000
Median Sales Price 2023
$830,000
$625,000
$1,199,500
$601,750
$690,000
$589,000
$650,000
$1,075,000
$860,000
$555,000
$585,000
$728,000
$550,000
$640,000
*Data in this Market Report is sourced from Onekey MLS for Nassau County and Suffolk County and is a comparison of residential homes sold between (Jan 1, 2024-September 30, 2024) and (Jan 1, 2023 - September 30, 2023). All information here is intended for informational purposes only and is subject to errors, omissions, changes in price without notice.
HUNTINGTON TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
$827,500
$1,600,000
$748,750
Dix
Lloyd
Lloyd
$1,008,250
$736,000
$1,180,000
$865,000
$851,000
$2,075,000
$620,000
$1,875,000
$2,675,000
$691,750
ISLIP TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
$581,000
NORTH HEMPSTEAD TOWNSHIP MARKET REPORT
$1,065,250
$790,000
$1,680,000
$1,398,000
$780,000
$1,650,000
$2,800,000
$1,407,500
$1,144,000 $1,400,000
$2,077,500
$735,000
$827,500
OYSTER BAY TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
OYSTER BAY TOWNSHIP MARKET REPORT
RIVERHEAD TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
SMITHTOWN TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
SOUTHAMPTON TOWNSHIP MARKET REPORT
2024 Year-to-Date Analysis • January 1st - September 30th
*Data in this Market Report is sourced from Onekey MLS for Nassau County and Suffolk County and is a comparison of residential homes sold between (Jan 1, 2024-September 30, 2024) and (Jan 1, 2023 - September 30, 2023). All information here is intended for informational purposes only and is subject to errors,
SOUTHOLD TOWNSHIP MARKET REPORT
Year-to-Date Analysis • January 1st - September 30th
$1,195,000
$1,185,000
$965,000
$1,150,000
$897,500
$1,137,500
$1,725,000
$1,592,500
$1,040,000
*Data in this Market Report is sourced from Onekey MLS for Nassau County and Suffolk County and is a comparison of residential homes sold between (Jan 1, 2024-September 30, 2024) and (Jan 1, 2023 - September 30, 2023). All
AMITY HARBOR
90 Montauk Highway
Amity Harbor, NY 11701 Office: 631.842.8400
BABYLON
126 W Main Street
Babylon, NY 11702
Office: 631.422.3100
BAY SHORE
94 West Main Street
Bay Shore, NY 11706
Office: 631.647.4880
COLD SPRING HARBOR
157 Main Street
Cold Spring Harbor, NY 11724 Office: 631.692.4800
DIX HILLS
15 East Deer Park Road
Dix Hills, NY 11746
Office: 631.673.3900
EAST NORTHPORT
190 Laurel Road
East Northport, NY 11731
Office: 631.368.6800
EAST SETAUKET
750 Route 25A
East Setauket, NY 11733
Office: 631.751.2111
GARDEN CITY
730 Franklin Avenue
Garden City, NY 11530
Office: 516.741.4333
HAMPTON BAYS
26 East Montauk Highway
Hampton Bays, NY 11946
Office: 631.728.1900
HUNTINGTON
157 East Main Street
Huntington, NY 11743
Office: 631.673.3700
MASSAPEQUA PARK
1000 Park Boulevard
Masspapequa Park, NY 11762
Office: 516.799.7100
MERRICK
324 Merrick Avenue
Merrick, NY 11566 Office: 516.546.6300
MILLER PLACE
275 Route 25A
Miller Place, NY 11764 Office: 631.642.2300
NORTHPORT
180 Main Street
Northport, NY 11768
Office: 631.754.3600
ROCKVILLE CENTRE
75 Seaman Avenue
Rockville Centre, NY 11570
Office: 516.766.7900
RONKONKOMA
4949 Express Drive N Suite 104
Ronkonkoma, NY 11779
Office: 631.585.8400
SARASOTA
1433 Main Street
Sarasota, FL, 34236 Office: 941.362.4100
SAYVILLE
95 Main Street
Sayville, NY 11782 Office: 631.567.0100
SMITHTOWN
7 West Main Street
Smithtown, NY 11787
Office: 631.360.2800
SOUTHOLD
53935 Main Road
Southold, NY, 11971 Office: 631.765.6000
SYOSSET
33 Jackson Avenue
Syosset, NY 11791 Office: 516.921.1400
WADING RIVER
6347 Route 25A
Wading River, NY 11792
Office: 631.495.5678
WANTAGH
1867 Wantagh Avenue
Wantagh, NY 11793
Office: 516.785.0100
MAIN: 877.273.3750