The April 2020 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, rose to $496,000 representing 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 $405,000, 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.
*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.
To access a copy of the detailed monthly market reports broken out by county, visit MLSLI.com and click on the About Long Island tab and then click on Housing Statistics.
