The Real Deal New York

MLS data shows Suffolk County’s median home price jumped 5.3% in December

January 22, 2019 03:39PM

Suffolk County reported a median home price of $380,000 in 2018, which is a 5.3 percent increase over the median home price from a year before, according to data released by the Multiple Listing Service of Long Island. The median home price for Long Island landed at $460,000 in December, a 4.5 percent increase over the same month in 2017. Nassau County closed out 2018 with a $515,000 median home price, which is about a 4 percent increase over the $495,000 it hit in 2017. The MLSLI numbers also include Queens, which had a median home price of $615,000 in December, representing an 11.8 percent increase from 2017. Newsday reported that it remains to be seen what impact Amazon’s new second headquarters in Long Island City could have for Long Island’s housing market. [Multiple Listing Service LI]