April 2026 Housing Market Update – Suffolk County, Long Island

If you’ve been wondering what’s really happening in the Long Island housing market right now, the answer is this: the market is still strong — but it’s starting to shift.

We’re seeing a combination of rising home values, limited inventory, and more selective buyers. And that combination is creating a very specific type of market that both buyers and sellers need to understand.

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Home Prices Continue to Rise

The median home price in Suffolk County is now around $670,000, up over 3% compared to last year.

That tells us demand is still strong — especially for well-priced homes in desirable neighborhoods.

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Inventory Is Still Tight

One of the biggest factors driving the market right now is inventory. We’re down roughly 20% compared to this time last year, and new listings are also down about 15%.

That means fewer options for buyers — and continued opportunity for sellers who position their homes correctly.

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Homes Are Still Selling — But Buyers Are More Selective

While prices are up, overall sales are slightly down compared to last year. That tells us buyers are still active — but they’re being more careful about what they choose.

At the same time, homes are selling a bit faster, averaging around 57 days on market.

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Pricing Strategy Matters More Than Ever

One of the biggest shifts we’re seeing is in pricing behavior.

Homes are now selling for about 98.8% of their original list price, which is slightly lower than last year. That means buyers are negotiating more — and overpriced homes are feeling it first.

The homes that are priced correctly from the start are still attracting strong interest and solid offers.

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What This Means for Sellers

• You still have the advantage with limited inventory
• Pricing correctly is critical — overpricing will cost you time and money
• The first 2 weeks on the market matter more than ever

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What This Means for Buyers

• You have slightly more negotiating power than last year
• Inventory is still limited, so strong offers still matter
• The best homes are still moving quickly

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Bottom Line

This is not the same market we saw over the past few years.

We’re still in a strong market — but it’s becoming more balanced. And in a market like this, strategy matters.

If you're thinking about buying or selling, the key is understanding exactly where you fit in this market — and having a plan that puts you in the best position to win.

Let’s get you moved.