Long Island Real Estate Snapshot: October 2025 Market Trends

Long Island's real estate market continues to exhibit dynamic changes as of October 2025.

 

In Nassau County, the median single-family home price has reached approximately $875,000, marking a 5.4% increase from August 2024.

 

Similarly, Suffolk County has seen its median home price climb to around $700,000, reflecting a 6.5% year-over-year rise.

 

These figures underscore a persistent upward trend in property values across the region.

 

Despite these price hikes, the volume of home sales has remained relatively stable.

 

In May 2025, there were 2,311 homes contracted for sale in Nassau and Suffolk counties combined, a slight increase from 2,284 in May 2024.

 

This steadiness suggests that buyer demand continues to match the available supply, even as prices escalate.

 

Inventory levels, however, remain a concern.

 

As of July 2025, there were 6,224 homes listed for sale across Long Island, a 4.5% decrease from the same period in 2024.

 

This limited supply has contributed to competitive market conditions, with homes spending an average of just 36 days on the market in Nassau County.

 

In Suffolk County, the average days on market is slightly higher but still indicative of a brisk sales environment.

 

Price per square foot has also seen an uptick.

 

In Nassau County, the median price per square foot has risen to approximately $453, reflecting a 10.2% year-over-year increase.

 

Despite these higher prices, well-priced listings continue to attract multiple offers, often selling at or above the asking price, particularly in desirable neighborhoods.

 

However, some industry experts suggest that the market's rapid ascent may be beginning to plateau.

 

Reports indicate that the seller's market could cool in the latter part of 2025, as inventory levels are expected to rise and buyer affordability becomes more strained.

 

In summary, Long Island's real estate market remains robust, characterized by rising prices and limited inventory.

 

Prospective buyers should be prepared for competitive bidding situations, while sellers can still capitalize on favorable market conditions.

 

Monitoring these trends will be crucial for all parties involved as the market evolves in the coming months.