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The closed median sale price in Suffolk County for October 2022 was $550,000, an increase of 6.2% over last October’s number of $650,000. There were 1,226 closed home sales and 1,262 pending sales in October 2022, compared to 1,369 closed and 1,251 pending sales reported in September 2022. 

The Suffolk County real estate market snapshot:

One-year change in closed sales: -28.1% (1,226)

One-year change in Median Sales Price: +6.2% ($540,000)

One-year change in Inventory: -9.4%

As the Suffolk County housing market shifts, the lower supply of inventory (home prices have plateaued but remain elevated due to a limited supply) and mortgage rates doubling since March, affordability continues to be a problem for many buyers. However, we are beginning to see homes sit longer and agents must now do more to attract buyers.  Many homeowners are also waiting for the turn of a more attractive market to sell their homes.

Suffolk County Median Price:

The closed median sale price in Nassau County for October 2022 was $675,000, an increase of 3.9% over last October’s number of $650,000. There were 1,035 closed home sales and 1948 pending sales in October 2022, compared to 1,080 closed and 993 pending sales reported in September 2022. 

The Nassau County real estate market snapshot:

One-year change in closed sales: -24.4% (1035)

One-year change in Median Sales Price: +3.9% ($675,000)

One-year change in Inventory: -9.4%

As the Nassau County housing market shifts, the lower supply of inventory (home prices have plateaued but still remain elevated due to a limited supply) and mortgage rates doubling since March, affordability continues to be a problem for many buyers. However, we are beginning to see homes sit longer and agents must now do more to attract buyers.  Many homeowners are also waiting for the turn of a more attractive market to sell their homes.

Nassau County Median Sales Price