Long Island Home Prices

Submitted by AlfredTriolo on Wed, 09/21/2011 - 12:28

Wow! Prices of Long Island Homes continue to decline according to 2011 second quarter home sales

The medium selling price for a Nassau County home has declined to $400k which is 2.4% lower than a year earlier. Also in Nassau County experienced 13.7% less home sales than the same period last year.

In Suffolk County the news was not any better. The medium selling price for a Suffolk County home has declined to $325k which is 4.9% lower than a year earlier. Also in Suffolk County experienced a 7.8% drop in home sales than the same period last year.

It is definitely a home buyer’s market on Long Island. If shopping for a Long Island home, we suggest you take your time and see as many homes as possible. You want to be fully educated on the Long Island homes market before you make an offer.

If interested in a property, do not be afraid to make a low offer on a house. the worst they can say is no, the best they will say is yes, and more likely it will start the negotiation.

Nassau County Home Sales Data===

2^nd Quarter 2011

* = from 2nd quarter 2010

Nassau		Median Price		Sales Volume
Town	Zip	2Q2011	% Chg*	2Q2011	% Chg*
All homes		$400,000	-2.4%	2,090	-13.7%
FLORAL PARK	11001	$442,500	-2.0%	23	-39.5%
ELMONT	11003	$295,000	7.0%	33	-28.3%
FRANKLIN SQUARE	11010	$350,000	-9.8%	43	4.9%
GREAT NECK	11020	$822,500	-6.8%	12	-36.8%
GREAT NECK	11021	$880,000	-18.9%	27	35.0%
GREAT NECK	11023	$722,500	-9.7%	22	22.2%
GREAT NECK	11024	$1,875,000	-3.8%	13	-18.8%
MANHASSET	11030	$990,000	-21.2%	51	18.6%
NEW HYDE PARK	11040	$450,000	-7.8%	75	-2.6%
PORT WASHINGTON	11050	$725,000	8.2%	55	-1.8%
MINEOLA	11501	$380,000	-7.3%	25	-13.8%
ALBERTSON	11507	$458,500	-25.7%	13	-7.1%
ATLANTICBEACH	11509	$530,000	-46.9%	9	-10.0%
BALDWIN	11510	$290,000	-12.8%	44	-37.1%
CEDARHURST	11516	$475,000	-12.4%	12	20.0%
EAST ROCKAWAY	11518	$381,500	15.6%	21	23.5%
FREEPORT	11520	$257,205	-2.0%	43	-38.6%
GARDEN CITY	11530	$710,000	0.0%	64	3.2%
GLEN COVE	11542	$380,000	-7.3%	45	21.6%
GLEN HEAD	11545	$1,297,500	107.6%	28	86.7%
HEMPSTEAD	11550	$190,000	-8.7%	57	-1.7%
WEST HEMPSTEAD	11552	$327,600	-10.9%	37	-14.0%
UNIONDALE	11553	$255,000	-6.4%	31	-11.4%
EAST MEADOW	11554	$335,000	-12.7%	61	-37.8%
HEWLETT	11557	$449,500	-9.2%	13	-27.8%
ISLANDPARK	11558	$406,620	-12.6%	16	23.1%
LAWRENCE	11559	$450,000	-37.9%	7	-41.7%
LOCUSTVALLEY	11560	$1,100,000	15.2%	14	-22.2%
LONG BEACH	11561	$429,000	14.5%	59	3.5%
LYNBROOK	11563	$399,000	15.7%	31	3.3%
MALVERNE	11565	$375,000	-5.7%	14	-17.6%
MERRICK	11566	$474,500	-1.1%	62	-24.4%
OLD WESTBURY	11568	$1,350,000	7.6%	6	-14.3%
ROCKVILLE CENTRE	11570	$595,750	5.9%	33	-26.7%
OCEANSIDE	11572	$397,250	-2.6%	51	-25.0%
ROOSEVELT	11575	$163,000	-17.3%	18	-41.9%
ROSLYN	11576	$759,500	2.8%	31	34.8%
ROSLYNHEIGHTS	11577	$700,000	-1.3%	29	-6.5%
SEA CLIFF	11579	$592,500	107.9%	8	33.3%
VALLEY STREAM	11580	$309,000	-11.3%	50	-24.2%
VALLEY STREAM	11581	$352,250	-9.3%	36	-16.3%
WESTBURY	11590	$350,000	-7.9%	64	-22.0%
WILLISTONPARK	11596	$478,000	0.6%	21	-34.4%
WOODMERE	11598	$656,250	8.5%	32	39.1%
BAYVILLE	11709	$492,000	2.5%	10	-23.1%
BELLMORE	11710	$390,000	-10.3%	53	-28.4%
BETHPAGE	11714	$375,000	-5.2%	26	-25.7%
EAST NORWICH	11732	$570,000	14.0%	7	-12.5%
FARMINGDALE	11735	$320,000	-6.2%	43	-8.5%
JERICHO	11753	$665,000	5.6%	27	17.4%
LEVITTOWN	11756	$295,000	-9.2%	71	-9.0%
MASSAPEQUA	11758	$380,000	-5.4%	94	-25.4%
MASSAPEQUAPARK	11762	$365,000	-14.1%	37	-14.0%
OYSTERBAY	11771	$677,700	-21.0%	22	46.7%
SEAFORD	11783	$384,000	-2.8%	23	-20.7%
SYOSSET	11791	$522,500	-2.8%	44	-20.0%
WANTAGH	11793	$392,000	0.5%	52	-16.1%
WOODBURY	11797	$520,000	-41.6%	7	-50.0%
HICKSVILLE	11801	$331,000	-5.4%	66	4.8%
PLAINVIEW	11803	$440,000	-2.2%	48	-23.8%
OLD BETHPAGE	11804	$438,500	-6.1%	7	-30.0%

Suffolk County Home Sales Data

2^nd Quarter 2011

Suffolk		Median Price		Sales Volume
Town	Zip	2Q2011	% Chg*		2Q2011	% Chg*
All homes		$325,000	-4.9%		2,755	-7.8%
AMITYVILLE	11701	$245,000	-9.3%		42	13.5%
BABYLON	11702	$336,200	-9.1%		23	4.5%
NORTH BABYLON	11703	$279,500	-14.3%		18	-41.9%
WEST BABYLON	11704	$284,500	-3.6%		51	-20.3%
BAYPORT	11705	$330,000	-15.9%		18	100.0%
BAYSHORE	11706	$234,300	-0.7%		97	-1.0%
BELLPORT	11713	$167,425	-33.3%		18	63.6%
BLUE POINT	11715	$343,750	-9.1%		10	11.1%
BOHEMIA	11716	$327,500	-18.8%		16	33.3%
BRENTWOOD	11717	$160,000	-26.4%		70	12.9%
BRIGHTWATERS	11718	$452,500	74.0%		9	50.0%
CENTEREACH	11720	$289,500	2.5%		48	-7.7%
CENTERPORT	11721	$586,250	6.6%		14	27.3%
CENTRAL ISLIP	11722	$170,000	-3.4%		71	7.6%
COLDSPRING HARBOR	11724	$980,000	-32.4%		5	-44.4%
COMMACK	11725	$367,500	-12.4%		38	-5.0%
COPIAGUE	11726	$219,500	-21.6%		31	0.0%
CORAM	11727	$218,500	-8.2%		54	-16.9%
DEERPARK	11729	$292,250	-5.3%		36	-28.0%
EAST ISLIP	11730	$349,250	-0.9%		20	-9.1%
EAST NORTHPORT	11731	$385,100	-6.6%		45	0.0%
EAST SETAUKET	11733	$406,250	-13.6%		30	-30.2%
FARMINGVILLE	11738	$288,000	-11.7%		20	-20.0%
GREENLAWN	11740	$429,000	7.5%		9	-59.1%
HOLBROOK	11741	$305,000	-11.4%		30	-14.3%
HOLTSVILLE	11742	$291,750	-13.8%		23	43.8%
HUNTINGTON	11743	$473,500	-9.6%		68	-37.6%
HUNTINGTON STATION	11746	$358,000	-14.8%		105	-8.7%
MELVILLE	11747	$475,000	-26.9%		31	-22.5%
ISLANDIA	11749	$243,000	-1.3%		10	-9.1%
ISLIP	11751	$317,000	-9.4%		23	9.5%
ISLIPTERRACE	11752	$295,500	-6.2%		17	13.3%
KINGSPARK	11754	$382,000	0.5%		30	0.0%
LAKE GROVE	11755	$331,000	2.2%		28	75.0%
LINDENHURST	11757	$259,500	-13.5%		68	-9.3%
MEDFORD	11763	$250,000	2.9%		53	-27.4%
MILLER PLACE	11764	$371,000	-2.4%		21	-8.7%
MOUNT SINAI	11766	$355,250	-9.5%		20	-25.9%
NESCONSET	11767	$371,000	-12.7%		16	-54.3%
NORTHPORT	11768	$665,000	17.7%		33	-29.8%
OAKDALE	11769	$369,000	-12.1%		25	38.9%
OCEANBEACH	11770	$785,000	42.7%		5	400.0%
PATCHOGUE	11772	$251,900	-5.7%		62	-13.9%
PORT JEFFERSON STATION	11776	$300,900	8.8%		40	-2.4%
PORT JEFFERSON	11777	$374,500	-16.8%		17	-5.6%
ROCKY POINT	11778	$272,000	7.7%		20	-25.9%
RONKONKOMA	11779	$275,000	-5.2%		62	-6.1%
SAINT JAMES	11780	$390,000	-29.3%		31	-20.5%
SAYVILLE	11782	$362,750	-5.5%		26	-10.3%
SELDEN	11784	$245,000	-5.7%		33	-8.3%
SHOREHAM	11786	$346,000	-1.1%		14	180.0%
SMITHTOWN	11787	$425,000	1.2%		57	-18.6%
HAUPPAUGE	11788	$420,000	2.9%		17	-37.0%
SOUNDBEACH	11789	$226,750	-17.5%		26	23.8%
STONY BROOK	11790	$399,950	-9.1%		38	22.6%
WADING RIVER	11792	$420,000	6.3%		15	-16.7%
WEST ISLIP	11795	$360,000	-9.8%		36	-2.7%
WYANDANCH	11798	$80,000	-38.9%		21	-22.2%
RIVERHEAD	11901	$300,000	-6.0%		34	-33.3%
AMAGANSETT	11930	$1,675,000	22.2%		11	22.2%
BRIDGEHAMPTON	11932	$1,925,000	-8.3%		7	-22.2%
CALVERTON	11933	$327,375	-12.5%		12	-33.3%
CENTER MORICHES	11934	$395,000	19.7%		20	81.8%
CUTCHOGUE	11935	$566,750	-22.4%		12	0.0%
EAST HAMPTON	11937	$950,000	9.5%		103	10.8%
EAST MORICHES	11940	$350,000	-22.0%		13	85.7%
EASTPORT	11941	$395,000	2.3%		5	-66.7%
EAST QUOGUE	11942	$720,000	-9.9%		17	41.7%
GREENPORT	11944	$365,000	-4.6%		7	-30.0%
HAMPTON BAYS	11946	$345,000	-13.2%		47	17.5%
MANORVILLE	11949	$390,000	-5.1%		22	-24.1%
MASTIC	11950	$168,750	0.8%		29	-3.3%
MASTICBEACH	11951	$126,750	-13.8%		35	0.0%
MATTITUCK	11952	$386,000	-7.4%		11	-31.3%
MIDDLEISLAND	11953	$200,000	22.0%		31	-6.1%
MONTAUK	11954	$732,500	18.1%		27	8.0%
MORICHES	11955	$305,000	-9.6%		7	0.0%
RIDGE	11961	$185,000	1.4%		59	11.3%
SAGHARBOR	11963	$860,000	-7.4%		35	-12.5%
SHELTERISLAND	11964	$627,000	4.1%		5	-50.0%
SHIRLEY	11967	$179,000	-0.6%		36	-41.0%
SOUTHAMPTON	11968	$950,000	-9.5%		78	-11.4%
SOUTHOLD	11971	$427,500	-8.1%		20	-13.0%
WATER MILL	11976	$2,325,000	43.1%		26	36.8%
WESTHAMPTON	11977	$985,000	53.9%		11	-38.9%
WESTHAMPTONBEACH	11978	$796,456	-16.2%		33	37.5%
YAPHANK	11980	$260,000	1.0%		14	7.7%

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Long Island Home Prices

Wow! Prices of Long Island Homes continue to decline according to 2011 second quarter home sales

Nassau County Home Sales Data===

Suffolk County Home Sales Data

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