The September 2016 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens’ housing data, was $416,500 representing a 6.3% increase over last year.  

Nassau County reported a $465,500 closed median home price in September representing a 5.8% increase over $440,000 reported by MLSLI last year. Suffolk County reported a closed median price of $350,000, which represents a 5.4% increase over a year ago. Queens reported a closed median home price of $475,000, which represents a 10.5% increase over last year.

The total number of Long Island residential inventory was 17,938 representing a 20.3% year over year decline in available listings than a year ago. The Multiple Listing Service of Long Island is reporting a 5.6-month supply of available inventory.

September 2016 Market Update reports for Nassau, Suffolk, and Queens Counties are available under the MLS Activity Reports section of Stratus.  The Market Update reports are also available at LIRealtor.com under the Research and Data section of the Member Area.

Media Contact: Christina DeFalco-Romano Email