Long Island Housing Market Update – May 2026

The Long Island housing market continued to show strength in May 2026, but the story is different depending on where you look. Across Queens, Nassau, and Suffolk County, buyers remained active, inventory stayed limited in many areas, and home prices continued to hold firm.

At the same time, closed sales were down across all three counties, which tells us the market is not moving at the same pace everywhere. Buyers are still out there, but they are being more selective. Sellers still have leverage in many situations, but pricing and presentation matter more than ever.

Here’s what the latest numbers show.

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May 2026 Market Snapshot

County	Median Sales Price	Closed Sales	Pending Sales	Months Supply
Queens	$620,000	418	697	6.3
Nassau	$850,000	694	1,111	3.2
Suffolk	$684,000	917	1,361	3.1

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Prices Are Still Holding Strong

Prices remained strong across Long Island in May. Nassau County led the region with a median sales price of $850,000, up 9.0% year-over-year. Suffolk County reached $684,000, up 2.9%. Queens held steady at $620,000 overall.

What stands out is that even though closed sales declined, prices did not fall. That tells us inventory and demand are still supporting values across much of the region.

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Buyer Demand Is Still Active

Pending sales increased in all three counties, which is one of the strongest signals in this month’s report. Nassau pending sales rose 17.8%, Queens increased 19.6%, and Suffolk was up 9.2%.

That means buyers are still writing offers and getting into contract, even with higher costs and tighter affordability. The market is not frozen. It is more selective.

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Inventory Remains Tight in Nassau and Suffolk

Inventory continues to be one of the biggest factors shaping the market. Nassau had 3.2 months of supply, while Suffolk had 3.1 months. Those numbers are still below what would typically be considered a balanced market.

Queens had more supply at 6.3 months, which reflects a different market structure with a larger share of condos and co-ops. That is why Queens should be compared carefully rather than blended directly with Nassau and Suffolk.

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Suffolk Sellers Are Still Getting Strong Results

Suffolk County sellers received an average of 101.1% of original list price across all property types. That means many homes are still selling at or above asking when they are priced and positioned correctly.

Nassau sellers received 99.9% of original list price, while Queens sellers received 96.3%. This shows how different each market feels once you look beyond price alone.

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What This Means for Sellers

For sellers, the opportunity is still there. Prices remain strong, inventory remains limited in Nassau and Suffolk, and buyers are still actively entering the market.

But the market is not rewarding every listing equally. Homes that are priced correctly, presented well, and marketed properly are still creating strong activity. Homes that miss the mark are more likely to sit longer or require adjustments.

That is why strategy matters. The right launch plan can make a major difference in how buyers respond during those first few weeks on the market.

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What This Means for Buyers

For buyers, this market requires preparation. Pending sales are rising, which means competition is still present. At the same time, closed sales are down, which suggests buyers are being more cautious and selective.

If you are buying in Nassau or Suffolk, expect limited inventory and strong competition for well-priced homes. If you are comparing Queens with Long Island’s suburban counties, the inventory picture may feel different, especially when condos and co-ops are part of the search.

The best move is to know your numbers, understand the local market, and be ready when the right opportunity appears.

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The Bottom Line

The May 2026 housing market shows a Long Island market that is still strong, but more selective. Prices are holding, pending sales are rising, and inventory remains limited in key areas.

For sellers, this means opportunity is still very real. For buyers, it means preparation and strategy are more important than ever.

If you want to understand what these numbers mean for your specific home, neighborhood, or buying plans, I’m here to help you break it down. Let’s get you moved.

Source: OneKey® MLS Monthly Indicators Reports for Queens County, Nassau County, and Suffolk County, May 2026. Data released June 5, 2026.