The Long Island Data for home prices includes Nassau, Suffolk and Queens. It is a little unusual as the Queens market is so very very different than that of Suffolk County.
The July 2019 closed median home price for Long Island was $490,000 which represents a 3.2% increase over last July.
Based on closed home sales, Suffolk County reported an average price of $416,000 which is a 6.7% increase since the figures as of last July in 2018. The Nassau County average was $546,400 which reflects a 1.7% increase since the past year.
According to our market reports (source: the Long Island Board of Realtors) the total inventory in Long Island was up with an 8.1% increase in available residential real estate.
A quick snapshot of today’s Massapequa Park market shows 68 available residential homes according to the multiple listing service. These homes are located in the Massapequa school district (#23). There was only one home less than $400,000 in this market area. The available homes range all the way up to $1,249,000.