Nassau County Residential Market Overview
The Nassau County residential real estate market is currently considered a seller's market, with a low months' supply of inventory and a median sold price of $790,000. The median estimated property value in February 2025 is $795,550, a 2% increase from the previous month.
Market Trends
New Listings: The median list price for new listings in February 2025 was $825,000, with a total of 842 properties listed.
Active Listings: The number of active listings has decreased to 1,691 properties with a median list price of $939,999.
Pending Listings: The number of new pending listings has increased to 671 properties with a median list price of $799,000.
Sold Listings: A total of 529 properties were sold in February 2025, with a median sold price of $790,000. The median days on market for sold listings was 36 days.
Months Supply of Inventory: The months' supply of inventory decreased to 2.14 months, indicating a strong seller's market.
Key Takeaways
The Nassau County real estate market remains competitive for buyers, with low inventory and rising prices.
Sellers continue to have the advantage, with properties selling quickly and often above asking price.
The median sold price has increased by 7.7% year-over-year.
The months' supply of inventory has decreased by 19.2% year-over-year.
Conclusion
The Nassau County real estate market is healthy and active, with strong demand and limited supply. Buyers should be prepared for a competitive market, while sellers can expect favorable conditions.
Are you thinking of buying or selling a home in Nassau County? Contact us today for expert assistance and to discuss your real estate goals!