Long Island | Market Highlights | April 2020

Market Report provided by Long Island Multiple Listing Service
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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 $425,000, 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.

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