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Long Island, NY Real Estate Market Insight

The median sale price of a home in Long Island was $700K last month, an increase of 7.8% since last year. The median sale price per square foot in Long Island is $445, an increase of 7.6% since last year.

$700K

Median Sale Price

2207

# of Homes Sold

41

Median Days on Market

Map of Homes for Sale in Long Island, NY

For Sale
Under Contract
Active Under Contract
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What is Long Island, NY Known For?

  • Beaches: Long Island is famous for its pristine beaches, including the iconic Jones Beach and the Hamptons, which attract visitors for sunbathing, surfing, and summer getaways.

  • The Hamptons: This upscale area on the eastern end of Long Island is known for its luxury homes, celebrity residents, and exclusive summer events.

  • Wine Country: The North Fork of Long Island is renowned for its vineyards and wineries, making it a popular destination for wine tasting and agritourism.

  • Historical Sites: Long Island is rich in history, with landmarks such as the Sagamore Hill National Historic Site, the home of President Theodore Roosevelt, and the Montauk Point Lighthouse.

  • Suburban Living: Known for its suburban communities, Long Island offers a high quality of life with good schools, parks, and close proximity to New York City.

  • Education and Research: Long Island is home to prestigious institutions like Stony Brook University and Cold Spring Harbor Laboratory, contributing to its reputation as a center for education and scientific research.

Long Island, NY Real Estate FAQs

Unlock the secrets of Long Island, NY real estate.

Long Island offers a diverse range of properties, including single-family homes, townhouses, condos, and luxury estates, with options varying from suburban neighborhoods to beachfront communities.

Property prices on Long Island vary widely depending on the location, with more affordable options in suburban areas and higher prices in desirable locations such as the Hamptons or North Shore.

When buying real estate on Long Island, consider factors like proximity to transportation, school districts, property taxes, and community amenities to ensure the property aligns with your needs and lifestyle.

Since then, however, Long Island has transformed into one of the most costly suburbs in the United States. As of September 2023, the average home price in Nassau County was $710,000, while in Suffolk County, it was approximately $602,000, according to Zillow.

With its excellent cuisine, access to water, beaches, and proximity to New York City, Long Island is a fantastic place to live. The local amenities further enhance the value of each home and community association. As a result, owning a home in a Long Island co-op, condo, or HOA is a smart investment.

With a population density of 5,859.5 residents per square mile (2,262.4/km2), Long Island is a culturally and ethnically diverse region. It includes some of the world's wealthiest and most expensive neighborhoods near the coastlines, alongside working-class communities across all four counties.

The cost of living on Long Island is 47% higher than the national average, with an index of 147 compared to the U.S. average of 100.

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Whether you are looking for a new home or thinking about selling your current home, call me today. I will put my expertise to work to provide you guidance and advice on what you need to know to make the best possible decision for your real estate needs.