Nassau Real Estate Market Has Better Month Than Suffolk: MLSLI

As we enter the warmer months and the real estate market starts to heat up, the Long Island housing market is heating up, too, with home prices continuing to increase in both Nassau and Suffolk counties.

Both the price of homes sold, as well as the number of houses sold, went up from February to March, according to data from the Multiple Listing Service of Long Island (MLSLI). Sales prices also increased from last year to this year.

In Nassau, the median sale price climbed from $500,000 in March of 2018 to $517,000 this year. That's also up from the Feb. 2010 price of $505,000. The number of homes in Nassau went down year over year, though, from 924 in March 2018 to 859 this year, an 8.8 percent drop. It was up from February, though, which saw 779 units sold.

Suffolk saw a big year-over-year increase in median sale price, according to MLSLI, going from $352,000 in March 2018 to $372,875 this year -- a 5.9 percent jump. However, it's slightly down from February's median price of $376,000.

The number of units sold in Suffolk was down year-over-year though, going from 1,147 in 2018 to 1,081 this March. But it's up from this February, which had 1,019 sales.