Suffolk County home prices surge to record $750,000 in June

Suffolk County home prices surged to an all-time high in June, while Nassau County prices increased at a slower pace, according to new data from OneKey MLS released Tuesday.

The median sale price in Suffolk last month rose to $750,000 for the first time, climbing 7.1% compared with June 2025. In Nassau, the median increased 2.9% year over year to $875,000.

The Nassau median price fell from a record high of $890,000 in May.

In a positive sign for the real estate industry, sales activity picked up significantly in June compared with the previous year. The number of pending transactions in June rose 19.3% in Suffolk and 9% in Nassau compared to the same month a year ago, according to the report.

“That demonstrates to me that buyer demand is still super strong,” said Richard Haggerty, chief executive of OneKey MLS. “When properties come on [the market], buyers are competing, and it continues to show that buyers want to own.”

Closed sales rose only slightly compared with last year, but the surge in pending sales should be reflected in closings data later this year, he said.

The faster pace of sales could work against buyers who were already dealing with a shortage of available listings.

The number of homes on the market at the end of June fell 9.1% on Long Island compared with the previous year to about 5,300 in Nassau and Suffolk combined, according to OneKey data.

Available listings have fallen significantly since the pandemic and remain a key driver of higher prices, agents said.

Existing homeowners haven’t supplied the market with enough for-sale listings, Haggerty said.

“I don’t see the consensus that we need among all the local politicians to recognize the importance of new housing creation,” he said. “If we want to keep young people in our communities, we have to find housing solutions.”

Often, homeowners are reluctant to move and give up pandemic-era mortgage rates around 3%, said Nick Orlando, an associate broker at Compass in Huntington.

The average 30-year fixed mortgage rate was 6.49% last week, according to mortgage giant Freddie Mac. 

Orlando has been working with one buyer in the Town of Huntington willing to spend up to $800,000 and another on the South Shore in the Town of Babylon searching for a roughly $600,000 home. Both have struggled to find a deal, he said.

“We’re fighting over homes, and that price point is getting squeezed very aggressively,” he said. “Those homes are hard to come by, especially ones that are not in need of full renovation."

A separate report released last week showed nearly 56% of sales on Long Island, excluding the East End, sold for more than the last asking price in the second quarter, according to data from real estate analyst Jonathan Miller. 

Given the pace of sales, Orlando thinks it might be years before the number of listings roughly doubles to return to pre-pandemic levels and gives buyers greater leverage in negotiations.

“That’s a lot of ground to make up,” he said. “Long Island is a different animal than the rest of the nation that’s starting to show signs of going more toward a buyer’s market.”

Nicole Burke, an associate broker at Charles Rutenberg Realty in Plainview, said she has seen more buyers from Nassau and Queens looking in Suffolk County in search of lower prices, more land and lower taxes.

But now prices have risen significantly in Suffolk as well. She recently helped a family purchase a home in Islip for $830,000, more than $50,000 above the home’s asking price.

“Now there were bidding wars when I was taking clients out in Suffolk,” she said.

Burke advises buyers that it’s important to devise a thorough plan before home-searching to put yourself in the best position to succeed. That could include improving your credit score and working with a lender to determine how much you can afford to pay per month. 

“In a seller’s market, buyers need to plan,” she said.