Long Island Housing Data for April 2020

May 13, 2020

Media contact: Christina DeFalco-Romano

The April 2020 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, rose to $496,000. This data represents a 9% increase over last April, despite our market area being an epicenter of the COVID-19 pandemic.*

Year over year closed median home prices increased across Nassau, Suffolk, and Queens County in April, while sales activity dropped sharply as expected amidst the coronavirus outbreak.

Nassau County reported a $562,500 closed median home price in April representing an increase of 11.4% over $505,000 reported by MLSLI last year. Suffolk County reported a closed median price of $425,000, which represents an 11.8% increase over $380,000 reported a year ago. Queens reported a closed median home price of $652,500 representing an increase of 16.5% over $560,000 reported in April 2019.

The total number of available residential listings in April 2020 on the MLS is 13,875, which represents a decrease of 21% over last year.

April 2020 Market Update reports, brought to you by OneKey™ MLS, 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.

*Note - On March 20, 2020 Governor Cuomo issued the Executive Order that put New York real estate "on pause." The order is expected to remain in effect until May 15, 2020.