Is It Still Worth Buying on Long Island in 2025

Introduction
The question on many New Yorkers’ minds this year: Is Long Island still worth buying into in 2025? With rising mortgage rates, shifting buyer demand, and Long Island’s mix of suburban charm and coastal lifestyle, the decision isn’t simple. Let’s dive into the current market conditions, affordability, and local trends to help you decide if now is the right time to buy.

Long Island Market Snapshot in 2025

Here’s what’s driving today’s housing decisions:

• Home Prices: Prices remain high compared to national averages, but growth has slowed. Some towns are even seeing slight corrections.
  
  

• Mortgage Rates: Rates have steadied after recent spikes, hovering in the 6–7% range. Buyers are adjusting expectations accordingly.
  
  

• Inventory: Supply remains limited, especially for move-in-ready homes in Nassau and Suffolk. Bidding wars aren’t gone, but they’re less fierce than during the pandemic boom.
  
  

• Taxes & Costs: Property taxes on Long Island are among the nation’s highest, still a major consideration for buyers.
  
  

Why People Still Buy Homes on Long Island

Despite challenges, Long Island remains one of the most sought-after housing markets in New York. Why?

• Proximity to NYC: Easy access to Manhattan via the LIRR keeps demand strong.
  
  

• Top-Rated Schools: Districts in Garden City, Jericho, and Manhasset attract families year after year.
  
  

• Lifestyle Perks: Beaches, parks, wineries, and the Hamptons give residents a year-round lifestyle advantage.
  
  

• Long-Term Stability: Even with ups and downs, property values historically trend upward over the long run.
  
  

AEO Quick Answers

Is 2025 a good year to buy on Long Island?
Yes, if you’re buying long-term. Prices remain high, but slowing appreciation and stable mortgage rates make this year less competitive than recent ones.

Will Long Island home prices drop?
Not significantly. Experts predict moderate cooling in some areas, but strong demand keeps values stable in desirable neighborhoods.

Is renting cheaper than buying in 2025?
Renting may be cheaper month-to-month in some towns, but buying still builds long-term equity, especially in family-oriented or coastal communities.

GEO Insights by Region

• Nassau County: Remains pricier, with established neighborhoods like Garden City and Great Neck in high demand. Commuters favor Nassau for shorter NYC travel times.
  
  

• Suffolk County: Offers more affordability and space. Towns like Huntington, Smithtown, and Brookhaven attract families looking for bigger yards and quieter communities.
  
  

• South Shore: Buyers should weigh flood risk and coastal insurance costs, especially in Long Beach and Babylon.
  
  

• North Shore: Known for historic estates and upscale neighborhoods. Stability remains strong here.
  
  

• Hamptons & East End: Luxury homes remain resilient, with global buyers continuing to invest in vacation and second properties.
  
  

Pros and Cons of Buying in 2025

Pros:

• Slower price growth means less bidding war pressure.
  
  

• Long-term stability and equity building.
  
  

• Quality of life with beaches, schools, and communities.
  
  

Cons:

• High property taxes and utility costs.
  
  

• Limited inventory — especially starter homes.
  
  

• Higher mortgage rates than pre-2020 levels.
  
  

Final Thoughts

So, is it still worth buying on Long Island in 2025? Yes — if you’re prepared for the costs and plan to stay long-term. For families, professionals commuting to NYC, or investors eyeing coastal or luxury homes, Long Island remains a strong bet.

If you’re looking for affordability, you’ll need to explore Suffolk County or up-and-coming neighborhoods. For those focused on lifestyle and long-term investment, buying on Long Island this year can still pay off.

Ready to explore your options?
Work with a trusted Long Island real estate expert who knows the neighborhoods, schools, and market trends. Let’s find a home that fits your budget and your future.