Long Island Home Prices Fluctuate In January, Data Shows

LONG ISLAND, NY — Long Island housing prices continued to fluctuate from December to January, but are keeping with a downward trend from the record-setting highs that were set last year.

Housing prices went up in Nassau from December to January, and down in Suffolk, according to data just released by OneKey Multiple Listing Service. In Nassau County, the median sales price went from $652,500 to $660,000 — a 1.5 percent increase. In Suffolk County, prices fell from $540,000 to $535,000 — a 2.9 percent drop.

Prices are still nowhere near their pre-pandemic levels, though. The median sales price in January 2020 was $529,000 in Nassau County and $400,000 in Suffolk.

Though prices are high, they've fallen from the stratospheric levels they hit earlier last year. Both Nassau and Suffolk reached all-time high housing prices last July. Nassau reached a record median sales price of $719,000, and Suffolk was at $575,000.

The number of homes sold plummeted in January compared to 2022. There were 709 homes sold in Nassau, down from 1,222 in 2022 — a drop of 42 percent. And in Suffolk, there were 894 homes sold, down from 1,399 — a drop of more than 36 percent.