May 2025 Market Data: Long Island and Queens

Just the Facts

Long Island Indicators  (Includes Single-Family, Co-ops, Condos)

Median Sale Price

Increase +4.10%

2025: $692,500 | 2024: $665,000

Long Island Residential Inventory

Decrease -4.00%

2025: 10,060 | 2024: 10,483

Long Island Closed Sales

(Single-Family)

Increase +2.50%

2025: $810,000 | 2024: $790,000

(Single-Family)

Increase +6.20%

2025: $690,000 | 2024: $650,000

(Single-Family)

Increase +5.60%

2025: $844,950 | 2024: $800,000

(Co-ops)

Increase +1.6%

2025: $320,000 | 2024: $315,000

(Condos)

Increase +2.00%

2025: $632,440 | 2024: $620,000

Sources:

Long Island Board of REALTORS®

OneKey MLS®