The median sales price for homes in Nassau County rose 5 percent in February from the same month last year, jumping from $505,000 to $530,000, according to a report by the Multiple Listing Service of Long Island.
The organization reported that the median home sales price for Long Island, including Nassau, Suffolk and Queens, was $480,000. This represents a 6.7 percent increase from last February.
The number of home listings for Long Island and Queens declined 1.7 percent since February 2019, and now stands at 15,330.
The median price for sold property in Nassau County was $275,500 for co-ops, $635,000 for condominiums and $540,000 for single or multifamily residences. This reflects a slight increase in co-op and residential home median prices, which were $238,500 and $529,500 in February 2019, respectively.
The median condominium price last February was $520,000.
Pending sales prices were marginally higher than last year’s. The median co-op price in February was $257,500, up $4,000 from last February. Condominium prices rose from $580,000 to $590,000. The median pending sales price for single- or multifamily residential homes was $555,000, compared with $520,000 in February 2019.
Detailed monthly market reports on each county can be found at MLSLI.com.
