The March 2017 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens’ housing data, was $404,000 representing a 7.7% increase over last year. Nassau County reported a $470,000 closed median home price in March representing a 9.3% increase over $430,000 reported by MLSLI last year. Suffolk County reported a closed median price of $329,900, which represents a 6.9% increase over a year ago. Queens reported a closed median home price of $490,000 representing an increase of 15.3% over last year.
The total number of Long Island residential inventory in March 2017 was 15,570, which is up slightly over Februarys number, but is 16.2% lower than a year ago.
March 2017 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