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How’s the Nassau County Real Estate Market | 2021 Mid-Year Edition
If you’re thinking about buying or selling real estate it’s important to understand the current market trends.
According to OneKey MLS, the marketplace for Nassau County residential properties, in 1st half 2021 vs 1st half 2020:
1. The Number of SOLD listings increased by 95% to 3136 properties with a top sale of $20,100,000 at 10A Dock Lane Great Neck, NY.
2. The Average Sales Price increased by 10% to $806,445 . The Average Pending Price increased 18% to $859,378.
3. The inventory of properties available for sale measured in months supply decreased by 44% to 2.2 months worth of properties for sale.
4. Mortgage rates decreased with the 30 year fixed rate average down 8% to 3.16% according to Bank Rate.com.
If you’re buying or selling real estate, it’s important to seek the guidance and advice of a professional.
Nassau County
Average Sales Price
Q2 2020 – $733,900
Q2 2021 – $806,445
increased 10%
Average Days On Market
Q2 2020 – 84
Q2 2021 – 65
decreased 23%
Average Pending Price
Q2 2020 – $725,524
Q2 2021 – $859,378
increased 18%
Sale to List Price Ratio
Q2 2020 – 96.94%
Q2 2021 – 99.38%
increased 3%
Number of Sold Listings
Q2 2020 – 1610
Q2 2021 – 3136
increased 95%
Months Supply of Inventory
Q2 2020 – 3.9
Q2 2021 – 2.2
decreased 44%
Mortgage Rate
Q2 2020 – 3.42%
Q2 2021 – 3.16%
decreased 8%
Top Sales
1. $20,100,000- 10A Dock Lane, Great Neck, NY
2. $7,500,000- 401 Centre Island Road, Centre Island, NY
3. $7,000,000- 200 Sunset Road, Oyster Bay Cove, NY
4. $6,780,000- 107 Lake Road, Manhasset, NY
5. $6,250,000- 26 Hoffstot Lane, Sands Point, NY
6. $6,100,000- 52 Peacock Lane, Lattingtown, NY
7. $5,750,000- 9 Bel Air Court, Upper Brookville, NY
8. $4,625,000- 27 Hemlock Drive, Great Neck, NY
9. $4,500,000- 29 Meadowood Lane, Brookville, NY
10. $4,500,000- 9 Lighthouse Road, Sands Point, NY
