Report: Home prices hit record high in Suffolk; Nassau market slows slightly
The average price for a house in Nassau last month was $810,000 and the average price of a single-family home is up to $690,000 in Suffolk.
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According to by OneKey MLS, the median price of a single-family home in Suffolk in May was $690,000, up 6.2% from last year.
The average price for a house in Nassau last month was $810,000. The number is still up from this time last year, but not a record high.
Nassau’s all-time high was $835,000. That number was hit last August.
Huntington-based realtor Nick Orlando says it's now common to see someone go at least $100,000 over asking price.
"That's what's really keeping prices up, are these few buyers that are just really trying to be as competitive as possible," he said.
Part of the reason why prices of homes in Suffolk are more expensive now, according to realtors, is that prices in Nassau are even higher, causing people to house hunt further east and creating more demand.
There are programs to help first-time home buyers who meet income requirements with a down payment.
Suffolk's deadline has already passed.
Nassau's deadline is Wednesday, June 18, 2025. Go here for details: https://www.lihp.org/downpayment.html
