Updated October 30, 2026 | Market figures: September 2026; mortgage survey: October 29, 2026.
Buying or selling a home in Queens, Nassau County or Suffolk County requires a local view of prices and a careful look at the transaction itself. The latest available reports show continued price growth alongside more inventory. That combination can give buyers more choices without making every property a bargain.
What the latest New York metro housing report shows
In its September 2026 report, OneKey MLS recorded a $720,000 median sale price across all property types, up 3.6% from a year earlier. Closed sales fell 1.7%, while inventory increased 2.2% to 17,405 homes. Single-family homes had a $785,000 median sale price, up 4.7%. These figures describe OneKey’s reporting area, not every sale throughout the broader tri-state region. Source: OneKey MLS, October 14, 2026.
Queens, Nassau and Suffolk: a closer look
OneKey’s September 2026 single-family closed-sale median prices were:
Queens: $925,000, up 2.8% year over year.
Nassau County: $860,000, up 2.1%.
Suffolk County: $740,000, up 2.8%.
Source: OneKey MLS market statistics. These are single-family figures; they should not be treated as condo, co-op or commercial property prices. A median is the midpoint of reported sales, not an appraisal of a particular home. Changes in the mix of properties sold can also move the median.
For a purchase in Astoria, Bayside or another Queens neighborhood—or a sale on Long Island—compare recent sales of similar properties, condition, legal occupancy and total carrying costs. Countywide figures alone cannot establish the right offer or asking price. Manhattan, Brooklyn, the Bronx, Staten Island, Westchester, New Jersey and Connecticut also have distinct markets; the figures above should not be applied to them.
Mortgage rates and the monthly payment
Freddie Mac’s October 29, 2026 survey reported a national average of 7.24% for a 30-year fixed-rate mortgage and 6.60% for a 15-year fixed-rate mortgage. The 30-year average was down from 7.32% the prior week. These are national benchmarks, not a loan offer or a prediction of future rates. Source: Freddie Mac Primary Mortgage Market Survey.
Before making an offer, obtain a current lender estimate and budget for taxes, insurance, maintenance, common charges or co-op maintenance where applicable, and closing costs. Ask about rate-lock expiration and the cost of an extension if closing is delayed.
Protect the transaction before signing
A competitive market is a reason to prepare early. Discuss financing and appraisal contingencies, inspection findings, deposit provisions and closing deadlines with your attorney before becoming bound. Sellers should address known title, permit or occupancy issues early and document any agreed repairs.
The New York Attorney General recommends an independent inspection, putting repair promises in writing, and reviewing last-minute document changes with your attorney. An appraisal for the lender is not a substitute for your own inspection. Source: New York Attorney General, Homeowners.
Current New York property disclosure requirements
Subject to statutory exemptions, New York Real Property Law § 462 requires covered residential sellers to provide a signed property condition disclosure statement before the buyer signs a binding contract. The statement reflects the seller’s actual knowledge and does not replace inspections. Condominium units and cooperative apartments are excluded from the statutory definition of residential real property for this disclosure law. Have your attorney confirm whether the transaction is covered and use the current form. Read § 462 and the Department of State disclosure form.
Planning a purchase or sale?
The Law Office of George K. Fuiaxis assists buyers and sellers with real estate transactions in all five boroughs (Manhattan, Queens, Bronx, Brooklyn & Staten Island), Downstate New York, the Lower Hudson Valley, Nassau and Suffolk counties. Bring the proposed terms, lender information and available property documents so we can discuss the legal issues affecting your transaction.
Schedule A Consultation or call 718-777-0223. Learn more about our real estate legal services.