The Nassau County, NY real estate market is thriving, showing significant growth and stability in April 2024. Sellers are still seeing favorable conditions despite a very slight slowdown.
Key Metrics
- Median Sold Price: $764,500 (up 5.45% MoM)
- Median Estimated Property Value: $742,940 (up 0.2% MoM, 4.8% YoY)
- List to Sold Price Ratio: 100.3% (up 0.68% MoM)
- Median Days on Market: 31 days (up 20.5% MoM)
- Months of Inventory: 2.46 (up 2.1% MoM, down 50% YoY)
Listings Dynamics
- New Listings: 1,271 properties (up 13.9% MoM)
- Median List Price: $800,000
- Median Price per Sqft: $497 (up 1.4% MoM)
- Total Listing Volume: $1.47 billion (up 15.5% MoM)
Active and Pending Listings
- Active Listings: 1,980 properties (up 2% MoM)
- Median List Price: $925,000 (up 5.7% MoM)
- Median Days on Market: 42 days (up 6.7% MoM)
- Pending Listings: 899 properties (up 5.6% MoM)
- Median List Price of Pending: $785,000 (up 0.3% MoM)
Analysis
Nassau County's real estate market is characterized by increasing property values and competitive pricing. The balanced inventory supports steady market activity, benefiting both buyers and sellers. The slight increase in days on market suggests a moderate pace, yet the high list-to-sold price ratio highlights strong demand.
Why Choose Nassau County?
With a thriving real estate market, Nassau County offers excellent opportunities for both homebuyers and investors. The steady rise in property values and competitive list prices make it an attractive market. Whether you're looking to buy or sell, now is a great time to contact an Educators Realty real estate professional.