Long Island Housing Data for May 2020

Media contact: Christina DeFalco-Romano

The May 2020 closed median home price for Long Island, which includes housing data for Nassau, Suffolk and Queens, rose to $495,000 representing a 6.5% increase over last May.

Nassau County reported a $585,000 closed median home price in May representing an increase of 10.4% over $530,000 reported by the MLS last year.Suffolk County reported a closed median price of $429,450, which represents an 10.1% increase over $390,000 reported a year ago. Queens reported a closed median home price of $600,000 representing an increase of 5.7% over $567,500 reported in May 2019.

The total number of available residential listings in May 2020 on the MLS is 14,759, which represents a decrease of 21.1% over last year.

May 2020 Market Update reports, brought to you by OneKey™ MLS, for Nassau, Suffolk, and Queens Counties are available under the MLS Activity Reports section of Stratus. The Market Update reports are also available at LIRealtor.com under the Research and Data section of the Member Area.

*Note that May 2020 market statistics were generated on June 8, 2020 and the numbers reported represents real time data.