The median price of residential properties sold in Nassau County in January rose 8.2 percent from the same month last year but was plateauing, according to OneKey MLS.
Home prices have flattened since the summer. The median price for homes sold in Nassau County, which includes single and multifamily, co-ops and condos, was $650,000 in January, the same level as October. In July and August, prices were up to $670,000.
The number of homes sold in Nassau fell 7.3 percent compared with the prior year, following an overall trend for all of Long Island in recent months.
In Nassau, Queens and Suffolk counties, January saw a 17.2 percent decrease in monthly sales activity from December, but only a 5.3 percent decrease compared with last year.
The median price of single and multifamily homes in Nassau was $667,000 in January, an increase from $620,000 in January 2021.
The median price of co-ops sold in Nassau increased to $294,000 in January from $275,000 in January 2021. The median price of condominium properties sold was $595,000, an increase from $557,500 in the same month last year.
In Suffolk, the median price of all homes sold was $520,000, a 10.3 percent increase from January 2021 but a $5,000 decrease from December.
The median home price for Long Island was $600,000, a 9.1 percent increase from last year, according to OneKey MLS.
