February 2025 Market Data: Long Island and Queens

Just the Facts (text-only version)

Long Island Indicators  (Includes Single-Family, Co-ops, Condos)

Median Sale Price

Increase 10.40%

2025: $690,000 | 2024: $625,000

Long Island Residential Inventory

Decrease 7.00%

2025: 8,408 | 2024: 9,037

Long Island Closed Sales

(Single-Family)

Increase 5.70%

2025: $795,000 | 2024: $752,000

(Single-Family)

Increase 13.30%

2025: $680,000 | 2024: $600,000

(Single-Family)

Decrease 2.10%

2025: $827,000 | 2024: $845,000

(Co-ops)

No change 0.00%

2025: $320,000 | 2024: $320,000

(Condos)

Increase 3.70%

2025: $595,000 | 2024: $573,500

^Sources:

^{Long Island Board of REALTORS®}

^{OneKey MLS®}