Median price for Nassau homes in April increases by $80K since 2020

Median price for Nassau homes in April increases by $80K since 2020
The median closed residential home price in Nassau County for April was $650,000 according to OneKey MLS. (Photo courtesy of Coldwell Banker Residential Brokerage)

The median price of residential properties sold in Nassau County in April was $80,000 higher than in April 2020, according to statistics provided by One Key Multiple Listing Service.

According to the statistics, the median price for homes sold in April was $650,000, compared with $570,000 in the same month last year. The median price was also a $130,000 increase from the median price of $520,000 in April 2019.

More than 1,000 residential properties were sold in April, compared with just 516 in 2020, a figure that most likely was impacted by the coronavirus pandemic’s restrictions on in-person tours and open houses. In April 2019, more than 800 residential properties were sold in the county, according to the statistics.

On Long Island, the median price for all homes sold was $567,000, a 16 percent increase from last year’s $489,000 figure. The monthly closed sales activity throughout the island nearly doubled in April 2021 compared with 2020, with 3,340 total properties sold, including condos and co-ops, a 95 percent increase from the 1,713 sold in April 2020.

The median sale price for a home on Long Island was $515,000 in 2020, an 8.4 percent increase from 2019, according to One Key.

In more than 40 years of providing local real estate analysis to Long Islanders, last year was the first time that the median price for closed home sales exceeded $500,000. 

Nassau County reported an annual median home sale price of $575,000, a 7.5 percent increase from $535,000 in 2019.

Nassau’s 2020 median home sale price was $130,000 higher than Suffolk County’s $445,000, but Suffolk had an 11.3 percent increase from its 2019 median sale price of $399,900. Queens County saw a 6 percent increase from 2019, with the median home price reported at $615,000 in 2020.

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