The Suffolk County real estate market is currently experiencing a seller's market, with a months' supply of inventory of 2.77. This means that there are not enough homes on the market to meet the current demand from buyers. As a result, home prices are rising and homes are selling quickly. The median sold price for homes in Suffolk County is $650,000. Homes are selling for approximately 101.5% of their list price, and the median number of days on the market is 31.  

Market Trends

New Listings: The number of new listings coming onto the market in October 2024 was 1,581, a 3% increase from the previous month. The median list price for new listings was $650,000, up 3.7% from the previous month.   

Active Listings: The number of active listings in November 2024 was 3,156, a 19.7% increase from the previous month. The median list price for active listings was $862,000, up 0.8% from the previous month.   

 Pending Listings: The number of pending listings in November 2024 was 3,014, a 3.7% increase from the previous month. The median list price for pending listings was $649,000.   

 Sold Listings: The number of sold listings in October 2024 was 1,206, a 7.9% increase from the previous month. The median sold price for sold listings was $660,000, up 1.5% from the previous month.   

 Year-Over-Year Trends

The median estimated property value in November 2024 was $666,500, up 9.2% from November 2023.   

The months' supply of inventory in November 2024 was 2.77, down 40.6% from November 2023.   

 Forecast

The Suffolk County real estate market is expected to remain strong in the coming months. Home prices are expected to continue to rise, but at a slower pace than in recent months. The months' supply of inventory is expected to remain low, which will continue to put upward pressure on prices.

Advice for Buyers and Sellers

If you are a buyer, be prepared to compete for homes. It is important to get pre-approved for a mortgage and to be ready to make an offer quickly. You may also want to consider expanding your search to include a wider range of neighborhoods.

If you are a seller, now is a great time to put your home on the market. You are likely to receive multiple offers and to sell your home for a good price. However, it is important to price your home correctly and to be prepared for a quick sale.

Thinking of buying or selling a home in Nassau County, New York? Stay informed with the latest market trends from Educators Realty. We've analyzed recent data to provide key insights into the current market conditions.

Market Overview:

Nassau County's real estate market currently favors sellers. This trend is supported by several key indicators:

Low Inventory: The months of inventory, which indicates the time it would take to sell all current listings at the current pace of sales, stands at a low 2.75 months. This signifies a limited supply of homes available for sale, increasing competition among buyers.   

High List-to-Sold Price Ratio: Homes are selling for close to their asking price, with the list-to-sold price ratio at 100.8%. This indicates strong demand and a willingness among buyers to meet sellers' expectations.   

Fast Sales: Properties are moving quickly, spending a median of 31 days on the market before being sold. This underscores the sense of urgency among buyers in the current competitive landscape. Appropriately priced homes are still selling fast in many neighborhoods, often times with multiple buyers submitting competing offers. 

Trends Over Time:

These market dynamics are not a sudden occurrence. Looking at the trends over the past year and further back reveals a clear picture:

Median Home Values: The median estimated property value in Nassau County has shown consistent growth, increasing by 8.4% over the past 12 months to reach $794,000 in November 2024. This long-term appreciation trend reinforces the value of real estate investment in the area.   

Months of Inventory: The decline in months of inventory has been significant. Compared to the same time last year, months of inventory has dropped by a substantial 45.4%. This highlights a growing imbalance between supply and demand, further tilting the market in favor of sellers.   

What does this mean for you?

Buyers: Be prepared for a competitive market. Securing a mortgage pre-approval and working with an experienced agent who can help you act decisively when you find the right property is crucial.

Sellers: It's a great time to sell! Properly priced homes are selling quickly and often close to the asking price.

Want to know more about your specific neighborhood?
See recently sold homes in Nassau County here.

See how much your home is worth here.

Contact Educators Realty today for a personalized market analysis and expert guidance. We can help

It's that time of year again! The holidays are upon us, and New Year's Eve is just around the corner. Whether you're looking for a glamorous night out or a cozy evening in, Long Island has something for everyone. Here's a roundup of exciting ways to celebrate New Year's Eve 2024 in Nassau and Suffolk County:

For the Party Animals:
NYE 2025 at The Mansion at Glen Cove: Dance the night away at this elegant Gold Coast mansion, featuring live music, DJs, open bar, and a lavish buffet.
Time: 8:00 PM - 1:00 AM
Price: Starting at $155 per person
Address: 200 Dosoris Lane, Glen Cove, NY 11542
More info here

New Year's Eve Gala at The Paramount, Huntington: Enjoy a night of live music and entertainment with the New York Bee Gees at this iconic venue.
Time: Check website for event times
Price: Varies depending on the performer
Address: 370 New York Ave, Huntington, NY 11743
More info here

New Years Eve Masquerate Ball at Oheka Castle

Time: 8:00 pm to 1:00 am

Price: $395 per person

Address: 135 West Gate Drive, Huntington

More info here

For the Foodies:
New Year's Eve Prix Fixe Dinner at Prime, Huntington: Indulge in a decadent multi-course meal with stunning waterfront views.
Time: 4:00 pm to 11:00 pm
Price: $175 per person
Address: 117 New York Ave, Huntington, NY 11743
More info here

For the Family:
Fishes and Wishes: New Year's Eve at The Long Island Aquarium, Riverhead: Celebrate with the fishes! Enjoy family-friendly activities, crafts, and a special early countdown for the little ones.
Time: 6:30pm to 11:00 pm
Price: Adults $155, Children $94
Address: 431 East Main Street, Riverhead, NY 11901
More info here

Noon Year's Eve at The Children's Museum of the East End, Bridgehampton: Ring in the new year at noon with kid-friendly activities, music, and fun.
Time: Tuesday December 32, 2024 from 10pm to noon.
Price: $5 members, $25 non-members
Address: 376 Bridgehampton-Sag Harbor Turnpike, Bridgehampton, NY 11932
More info here

Don't Forget the Classics:

Tips for Planning Your Long Island New Year's Eve:
Book early! Many events sell out quickly, especially prix fixe dinners and parties.
Consider transportation. If you plan on drinking, designate a driver or use a ride-sharing service.
Check the weather. Long Island winters can be unpredictable, so dress accordingly.
Most importantly, have fun!
This is just a small sampling of the many New Year's Eve events happening across Long Island. With a little research, you're sure to find the perfect way to ring in 2025!
Do you have a favorite Long Island New Year's Eve tradition? Share it in the comments below!

The holidays are a magical time of year, and there's no better way to get into the spirit than by checking out some of the most spectacular holiday light displays on Long Island. From drive-through extravaganzas to walk-through wonderlands, there's something for everyone to enjoy.

Drive-Thru Dazzlers:

Jones Beach Magic of Lights: This classic drive-through show features more than 2.5 miles of dazzling light displays synchronized to festive music. Tune your radio to the Magic of Lights station and enjoy the show from the comfort of your own car.

Where: Jones Beach State Park, Wantagh   

When: Daily through Saturday, January 4, 2025; Sunday - Thursday 5pm-9pm, Friday & Saturday 5pm-10pm

Tickets & Info: Jones Beach Magic of Lights Website

Riverhead Holiday Light Show: This drive-through show features over a mile of holiday light displays with festive scenes and characters.

Where: Long Island Sports Park, Calverton

When: Select dates through Tuesday, December 31, 2024 (check website for details)

Tickets & Info: Riverhead Holiday Light Show Website 

Town of Islip Drive-Thru Holiday Lights Show: Bring the whole family to view the lights at Brookwood Hall Park as you drive through this festive holiday display.

Where: Brookwood Hall Park, East Islip

When: Select dates from Saturday, December 7 - Thursday, December 26, 2024

Tickets & Info: Town of Islip Website (check for event details closer to the date)

Walk-Through Wonderlands:

LuminoCity Festival at Eisenhower Park: This immersive experience features dazzling lights and sculptures with this year's theme, "Sweet Dreams." Enjoy festive treats and drinks, and a gift shop.

Where: Eisenhower Park, East Meadow

When: November 8, 2024–January 5, 2025

Tickets & Info: LuminoCity Festival Website

Sayville Falls Holiday Light Show & Winter Garden: This walk-through experience offers enchanting Christmas lights and a magical winter garden.

Where: 30 Hanson Place, Sayville

When: Dates and times vary (check website for details)

Tickets & Info: Sayville Falls Website

Bonac Festival of Lights: This walk-thru display features stunning holiday lights.

Where: East Hampton High School, 2 Long Lane, East Hampton

When: Dates and times vary (check website for details)

Tickets & Info: Bonac Festival of Lights Website (check for event details closer to the date) 

Girl Scouts of Suffolk County Holiday Light Show: This beloved annual event features over 1 million lights and is one of Long Island’s largest drive-through light shows. It's a fun and festive tradition for a good cause!

Where: Camp Edey, Bayport   

When: Select dates in December (check website for details)

Tickets & Info: Girl Scouts of Suffolk County Website (Check events calendar closer to the date)

Huntington Holiday Spectacular: This event features a festive light display with holiday cheer.

Where: 12 Wall Street, Huntington 

When: Dates and times vary (check website for details)

Holiday Spectacular at the Holtsville Ecology Site: This event offers a dazzling display of holiday lights.

Where: Holtsville Ecology Site, Holtsville

When: Dates and times vary (check website for details)

Tickets & Info: Town of Brookhaven Website (check for event details closer to the date)

Bayville Winter Wonderland: This walk-through event features a Christmas-themed light display set to music. It's a great option for families with young children.

Where: Bayville Adventure Park, Bayville

When: Dates and times in December (check website for details)

Tickets & Info: Bayville Winter Wonderland Website

Don't Miss These Festive Favorites:

Long Island Festival of Trees: This annual event features dozens of decorated Christmas trees, as well as live entertainment and holiday shopping. It's a great way to get into the holiday spirit!

Where: Cradle of Aviation Museum, Garden City

When: Typically late November to early December (check website for 2024 dates)

Tickets & Info: Long Island Festival of Trees Website

No matter what your age or interests, there's sure to be a holiday light display on Long Island that will dazzle and delight you. So get out there and enjoy the magic of the season!

Trot Your Way to Thanksgiving Dinner: Long Island Turkey Trots 2024

Thanksgiving is almost here, and what better way to celebrate than with a festive Turkey Trot? Long Island offers a variety of Thanksgiving-themed runs for all ages and abilities. Whether you're a seasoned marathoner or just looking for a fun way to get moving before the feast, there's a race for you!

Here's your comprehensive guide to Turkey Trots and Thanksgiving runs in Nassau and Suffolk County this November:

Nassau County:

Nassau County Turkey Trot 5K

Date: Sunday, November 10th, 2024

Time: 9:00 AM

Location: Eisenhower Park, Field 1A, 1899 Hempstead Tpke., East Meadow

Website: runsignup.com

More info: This popular race features a 5K for adults, a high school and youth 5K, a 1K kids' fun run, and even a virtual option.

Long Beach City Council 10K Turkey Trot

Date: Saturday, November 17th, 2024

Time: Check  longbeachny.gov/rec for the start time.

Location: Long Beach Catholic Regional School, 735 W. Broadway, Long Beach

Website:  longbeachny.gov/rec

More info: This event offers a 10K race, making it a great option for those looking for a longer distance challenge.

Massapequa Thanksgiving Day Turkey Trot 5K

Date: Thursday, November 28th, 2024

Time: 8:30 AM Fun Run - 9:15 AM 5K Start

Location: Massapequa Preserve, Massapequa, NY

Website: elitefeats.com

More info: This race includes a fun run and a 5K, making it a great option for families.

Garden City Turkey Trot 5K

Date: Thursday, November 28th, 2024

Time: 8:30 AM

Location: St. Paul's School, 285 Stewart Ave (Rockaway Ave and Stewart Ave), Garden City, NY

Website: gcturkeytrot.com

More Info: This race benefits the Leukemia & Lymphoma Society and the MDA.

Oyster Bay Turkey Trot 5K

Date: Sunday, November 18th, 2024

Time: 9:00 AM

Location: Theodore Roosevelt Memorial Park, Oyster Bay, NY
Website:  elitefeats.com

More Info: This race benefits the Gerald Kaufman Memorial Fund.

Glen Cove Turkey Trot 5K

Date: Thursday, November 28th, 2024

Time: 8:30

Location: Morgan Park, Germaine Street, Glen Cove, NY

Website:  elitefeats.com

More Info: This race benefits the Glen Cove Boys & Girls Club.

Port Washington Thanksgiving Day Five Mile Run

Date: Thursday, November 28th, 2024

Time: 9:00 AM

Location: Port Washington, NY (check website for exact location)

Website: runsignup.com

More Info: A longer distance option for experienced runners.

Suffolk County:

Huntington Turkey Trot

Date: Nov. 28, 2024

Time: 9:00 AM

Location: Ritter Park picnic shelter and playground

Website: https://huntingtonturkeytrot.org/

William Rall PTA Turkey Trot 5K

Date: Thursday, November 28th, 2024 (check elitefeats.com [invalid URL removed] closer to the date)

Time: 9:00 AM

Location: Lindenhurst Middle School, 350 S. Wellwood Ave., Lindenhurst

Website: elitefeats.com [invalid URL removed] (Search for the event closer to the date)

More info: This community race features a 5K and a kids' fun run.

Long Island Turkey Trail Trot 5K Run/Walk

Date: Friday, November 16th, 2024

Time: 9:30 AM 5K Start

Location: Bethpage State Park, 99 Quaker Meetinghouse Rd., Farmingdale

Website: elitefeats.com

More info: Enjoy a scenic run through Bethpage State Park with this 5K trail race. Includes a kids' fun run.

Tips for Turkey Trot Success:

Register early: Spots fill up quickly, so don't delay!

Dress in layers: Be prepared for changing weather conditions.

Warm up before the race: Get your muscles ready with dynamic stretching.

Stay hydrated: Drink plenty of water before, during, and after the run.

Have fun! Enjoy the festive atmosphere and the sense of community.

Check out the following Halloween events on Long Island!

Haunted Houses & Scream Parks:

• Bayville Scream Park (8 Bayville Ave, Bayville): Open select nights through October 31st. Tickets from $45-$110 depending on the package. Check their website for specific dates and times. Expect long lines, especially on weekends, so arrive early! bayvillescreampark.com   
• Darkside Haunted Houses (5184 Route 25A, Wading River): Open select nights through November 2nd. Tickets are $35 per house or $60 for all three. Check their website for dates and times. darksideproductions.com

Family-Friendly Fun:

• WMHO's Annual Halloween Festival (Stony Brook Village Center): Thursday, October 31st, 4:00 PM - 6:00 PM. This event is FREE! Enjoy trick-or-treating at participating stores, music from WALK 97.5, dancing, and games for children.
• Halloween at the Heckscher Museum of Art (2 Prime Ave, Huntington): Thursday, October 31st, 1:00 PM - 3:00 PM. FREE admission. Kids can enjoy art activities, a scavenger hunt, and a costume parade.
• The Rise of the Jack O'Lanterns (Old Westbury Gardens, 71 Old Westbury Rd, Old Westbury): Select dates through November 3rd. Timed entry tickets are required. Adults $27, Children (ages 3-12) $15. therise.org/long-island
• Pumpkin Picking:
  • Elwood Pumpkin Farm (1500 E Jericho Tpke, Huntington): Open daily 9:00 AM - 5:30 PM. Admission is $12 on weekdays, $17 on weekends, and includes many activities. elwoodpumpkinfarm.com
  • Schmitt's Family Farm (26 Pinelawn Rd, Melville): Open daily 9:00 AM - 4:30 PM. Admission is $13.95 during the week, $18.95 on weekends. schmittfarms.com
  • Harbes Family Farm (multiple locations): Open daily, hours vary by location. Offers a variety of activities with different pricing. harbesfamilyfarm.com

Unique Experiences:

• Spooky Science Night at the Cradle of Aviation Museum (Charles Lindbergh Blvd, Garden City): Friday, November 1st, 6:00 PM - 9:00 PM. $15 per person. Activities include spooky science demonstrations and a screening of "Coco." cradleofaviation.org
• Ghost Tours: Check local historical societies and tour companies for offerings. Prices and times vary.

Remember to double-check websites for the most up-to-date information and to purchase tickets in advance if required. Have a fantastic Halloween!

The Queens County real estate market is currently balanced, with a 5.69-month supply of inventory. This indicates a more stable market compared to Nassau and Suffolk Counties, where low inventory favors sellers. The median sold price for September 2024 was $798,000, a 2.31% increase from the previous month. However, the median estimated property value has seen a slight decrease year-over-year, suggesting a potential stabilization or slight cooling in the market.

Key Market Indicators

• Months of Inventory: 5.69 (indicates a balanced market)
• Median Days on Market: 42
• List-to-Sold Price Ratio: 97.2% (homes are selling slightly below asking price)
• Median Estimated Property Value: $791,700, down 1.5% year-over-year

These figures suggest a more balanced market in Queens County, where buyers have more negotiating power compared to areas with extremely low inventory.

Market Trends

New Listings

• Median List Price: $799,000
• Number of New Listings: 634
• Median Price Per Square Foot: $679

Active Listings

• Median List Price: $775,000
• Number of Active Listings: 2,026
• Median Days on Market: 81

Pending Listings

• Median List Price: $778,500
• Number of Pending Listings: 1,266

Sold Listings

• Median Sold Price: $798,000
• Number of Sold Listings: 323

Expert Insight from Educators Realty

Whether you're a buyer or a seller, having expert guidance in a dynamic market like Queens is crucial. Educators Realty, with its in-depth knowledge of the local market, can provide the insights and support you need to make informed decisions. Our experienced agents are committed to helping clients navigate the complexities of the real estate process, from property valuation to negotiation and closing.

Contact Educators Realty today to learn how we can help you achieve your real estate goals in Queens.

Conclusion

The Queens County real estate market offers a more balanced environment for buyers and sellers compared to neighboring counties. While prices remain relatively high, the market is showing signs of stabilization. Buyers may have more room for negotiation, but working with a skilled real estate agent is still essential for success.

Disclaimer: This report is based on data from Realtors Property Resource®, LLC, and is intended for informational purposes only. It is not intended as professional real estate advice.

The Suffolk County real estate market is currently a seller's market, characterized by a low inventory of available homes. The median sold price for September 2024 was $670,000, showing a 0.75% increase from the previous month and a significant 9.8% increase year-over-year. This high demand and limited supply are driving prices upward, creating a competitive environment for buyers.

Key Market Indicators

• Months of Inventory: 3.2, down 31.5% year-over-year (indicates a seller's market)
• Median Days on Market: 30
• List-to-Sold Price Ratio: 101.9% (homes are selling slightly above asking price)
• Median Estimated Property Value: $658,410, up 9.8% year-over-year

These figures suggest a dynamic market where homes are selling quickly and prices are continuing to rise.

Market Trends

New Listings

• Median List Price: $675,000
• Number of New Listings: 1,624
• Median Price Per Square Foot: $397

Active Listings

• Median List Price: $875,000
• Number of Active Listings: 3,556
• Median Days on Market: 55

Pending Listings

• Median List Price: $645,000
• Number of Pending Listings: 3,142

Sold Listings

• Median Sold Price: $670,000
• Number of Sold Listings: 1,085

Expert Insight from Educators Realty

Navigating this competitive market requires expertise and local knowledge. Educators Realty, with its deep understanding of the Suffolk County market, can provide valuable guidance to both buyers and sellers. Our experienced agents are dedicated to helping clients achieve their real estate goals, whether it's finding the perfect home or securing the best possible price for their property.

Contact Educators Realty today to learn how we can help you succeed in this dynamic market.

Conclusion

The Suffolk County real estate market remains strong for sellers, with low inventory and rising prices. Buyers should be prepared for a competitive market and work closely with their real estate agents to navigate the available options effectively.

Disclaimer: This report is based on data from Realtors Property Resource®, LLC, and is intended for informational purposes only. It is not intended as professional real estate advice.

Nassau County Housing Market Overview

The Nassau County real estate market is currently a seller's market, characterized by a low inventory of available homes. The median sold price for September 2024 was $820,000, showing a 1.8% increase from the previous month and a significant 8.3% increase year-over-year. This high demand and limited supply are driving prices upward, creating a competitive environment for buyers.

Key Market Indicators

• Months of Inventory: 2.93, down 43.8% year-over-year (indicates a seller's market)
• Median Days on Market: 27
• List-to-Sold Price Ratio: 101.2% (homes are selling slightly above asking price)
• Median Estimated Property Value: $789,240, up 8.3% year-over-year

These figures suggest a dynamic market where homes are selling quickly and prices are continuing to rise.

Market Trends

New Listings

• Median List Price: $825,000
• Number of New Listings: 1,049
• Median Price Per Square Foot: $516

Active Listings

• Median List Price: $929,000
• Number of Active Listings: 2,275
• Median Days on Market: 54

Pending Listings

• Median List Price: $779,000
• Number of Pending Listings: 2,241

Sold Listings

• Median Sold Price: $820,000
• Number of Sold Listings: 816

Expert Insight from Educators Realty

Navigating this competitive market requires expertise and local knowledge. Educators Realty, with its deep understanding of the Nassau County market, can provide valuable guidance to both buyers and sellers. Our experienced agents are dedicated to helping clients achieve their real estate goals, whether it's finding the perfect home or securing the best possible price for their property.

Contact Educators Realty today to learn how we can help you succeed in this dynamic market.

Conclusion

The Nassau County real estate market remains strong for sellers, with low inventory and rising prices. Buyers should be prepared for a competitive market and work closely with their real estate agents to navigate the available options effectively.

Disclaimer: This report is based on data from Realtors Property Resource®, LLC, and is intended for informational purposes only. It is not intended as professional real estate advice.

August 2024 continues to showcase a dynamic real estate landscape in Suffolk County, New York. With rising prices, strong demand, and fast-moving properties, the market is shaping up as a seller’s paradise. Here’s a breakdown of the key trends from the latest data.

Seller's Market Still in Play

Suffolk County remains firmly in a seller's market, with 3.05 months of inventory, an increase of 14.1% month-over-month (MoM). Despite this increase, inventory is still well below the 6-month threshold that signals a balanced market, giving sellers an edge.

Rising Home Prices

The median sold price in Suffolk County reached $666,500 in August 2024, a 2.5% increase from the previous month. This reflects a steady appreciation in home values, with the median estimated property value rising to $657,310, a 10.7% year-over-year (YoY) increase.

Homes in Suffolk are also selling well above their asking price, with a list-to-sold price ratio of 102.1%, signaling that buyers are competing heavily for available properties.

Homes Selling Quickly

Properties in Suffolk County are flying off the market. The median days on market (DOM) is just 26 days, a 8.3% decrease MoM. Buyers need to act quickly to secure their homes in this fast-paced market.

4. Listing Trends

There were 1,540 new listings in August 2024, up 7.1% MoM, with a median list price of $679,000. The increase in listings provides some relief to buyers, but demand remains high, pushing prices upward.

Price Per Square Foot

The median price per square foot for sold homes in Suffolk County is $380, reflecting a 3.3% MoM increase. With the median living area for homes sold being 1,884 square feet, this figure showcases the value buyers are placing on available space in Suffolk County.

Final Thoughts

Suffolk County's real estate market remains a competitive and robust environment for sellers as we head into the final months of 2024. Rising home prices, quick sales, and limited inventory continue to drive the market, making it essential for both buyers and sellers to stay informed and act strategically.

Whether you're looking to buy or sell in Suffolk County, understanding these market dynamics is crucial. For personalized insights and guidance, reach out to Educators Realty.