Nassau Home Prices Just Hit $860K – Here’s Why the Market’s Still Booming

Nassau Home Prices Just Hit $860K – Here’s Why the Market’s Still Booming

If you’ve been keeping an eye on Nassau County’s real estate scene, buckle up—because the housing market is still on fire. Despite whispers of a cooldown, July numbers say otherwise: Nassau's median single-family home price just soared to $860,000, a nearly 7% jump from the same time last year.

And that’s not all—homes are flying off the market in record time.

Prices Are Up, and Homes Are Moving Fast

According to OneKey MLS, the median price for single-family homes in Nassau shot up from $805,000 to $860,000—an increase of $55,000 in just one year. Compared to June alone, that’s a 1.2% rise. Homes are also selling above asking, averaging 100.6% of list price. Translation: bidding wars are still a thing.

But perhaps the biggest sign of a still-competitive market? Homes are going fast. Really fast.

The average number of days on market dropped nearly 30%, from 48 days to just 34. That’s two weeks shaved off the home buying process—buyers are acting quickly, and sellers are cashing in.

Inventory Shrinks, Demand Stays High

Buyers aren’t just window shopping—they’re making moves. But with fewer homes available, demand is only intensifying. Inventory for single-family homes in Nassau fell 5.2%, from 2,352 listings last July to just 2,230 this year.

Even though new listings ticked up 6.8%, closed sales were slightly down by 1.6%. So while more homes are hitting the market, they’re getting scooped up just as fast—if not faster.

Why the Surge? Think Remote Work and Lifestyle Shifts

The ongoing shift away from full-time city office life is likely fueling Nassau’s sustained market heat. With more people working remotely—or at least on a hybrid schedule—the suburbs are looking better than ever. Nassau offers the perfect blend of convenience, space, and that all-important commute flexibility.

Condos Are Now More Expensive Than Single-Family Homes?

Yes, you read that right. In an unexpected twist, condo prices in Nassau topped single-family homes in July, hitting a median price of $870,000—a 15.6% jump year-over-year. That’s over $100,000 more than last year’s $752,000 price tag.

Condos are selling for 99.8% of the asking price and aren’t sitting around either: average days on market dropped to 43. With closed sales up 8.9% and inventory down a massive 20.5%, it’s clear that demand is booming here too—possibly driven by a wave of new luxury condo developments.

Co-ops: Still Affordable, Still in Demand

Co-ops may not carry the same price tag, but they’re holding their own. Median co-op prices rose 10.7% to $362,000—still a bargain compared to condos or single-family homes.

Even better? They’re selling fast. Days on market dropped by over 20% to just 47 days. Inventory stayed steady at 218 listings, but new co-op listings jumped 29.4%, suggesting more sellers are entering the market.

Nassau vs. the Metro Area: Still Leading the Pack

Let’s put Nassau in perspective: the New York metro area’s median home price is $765,000—Nassau’s $860K average comfortably beats that.

Here's how Nassau compares to neighboring areas:

• Westchester: $1.15 million

• Queens: $890,000

• Suffolk County: $702,000

• Putnam County: $600,000

• Dutchess County: $500,500

• Sullivan County: $363,000

Even Suffolk, which is seeing strong growth of its own (up 6.5% year-over-year), still lags behind Nassau in price and pace.

Condo & Co-op Trends Across the Region

Let’s not forget about the broader metro area:

• Metro condos: Up 7.1% to $525,000

• Metro co-ops: Up 8.2% to $303,000

• Average time on market: 80 days (which makes Nassau’s 30–40 day average look blazing fast)

Suffolk County condos rose 12.5% to $537,000, while co-ops saw a huge 15.1% jump, selling after just 27 days on average. Clearly, buyers are motivated across Long Island and beyond.

Final Thoughts: Nassau's Market Isn’t Slowing Down Anytime Soon

If you're thinking of buying, selling, or investing in Nassau County, the window is still wide open—but it’s moving fast. Low inventory, rising prices, and strong demand across all property types signal a market that’s still got plenty of fuel.

Whether it’s the condo boom, the single-family squeeze, or co-ops becoming hot again, one thing’s for sure: Nassau is holding its own as one of the hottest real estate markets in the region.