The Suffolk County housing market remains competitive, though some key indicators show signs of shifting compared to last year.
Home Prices Continue to Climb:
- Median home price: $660,000
- Year-over-year price growth: +3.9% compared to May 2024
Home values in Suffolk County have continued to rise, reflecting ongoing buyer demand and tight inventory.
Homes are Taking Longer to Sell:
The average day on the market is 27 days. This is a small increase from 24 days during the same time last year, suggesting a slightly slower pace but still a quick-moving market by national standards.
Fewer Homes Sold:
- Total homes sold in May 2025: 1,006
- That’s a decline of 76 homes from 1,082 sales in May 2024
This drop in sales may be linked to limited inventory and elevated prices, both of which are continuing to impact buyer activity.
For up to date statistics on the current housing market, including median home prices, the comparison of Suffolk county to other New York counties and more; head to Rocket Homes Suffolk County Housing Market Report.
With the current market buyers should expect:
- Fewer homes for sale than buyers looking to purchase
- Limited competition makes it a sellers market
- Quick turnaround (Less than 30 days in some cases)
- Many homes are selling above the asking price
Sellers should expect:
- There is a strong demand for purchasing homes
- It is a sellers marker so very beneficial to the seller
- Increased median sale price
- An average of 27 days of homes on the market (slightly longer than this time last year)
Price predictions & Trends for the remainder of 2025
- Prices for homes are expected to increase here in Suffolk County over the rest of 2025, which is driven by limited inventory and steady buyer demand. However, this is expected to be seen as a moderate increase.
- Suffolk county will remain a sellers market
- The amount of listings are slowly rising
- Luxury homes and waterfront properties will grow at a much faster price compared to starter and more moderate homes