LONG ISLAND REAL ESTATE BRIEF
- Patriot Real Properties
- May 30
- 2 min read
with Jaime Hechtman Ulloa
Your Trusted Translator of Market Moves
Is the National Market Cooling Off? Long Island’s Still Heating Up!
National headlines are everywhere right now: Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market. In many parts of the country, homeowners are eager to cash out, but buyers are holding back.
But that’s not what we’re seeing on Long Island. Here, the market is booming….and I’m seeing it firsthand.
Quick Win: Over Asking in Just Two Days!
Last week, we listed a charming property in Shirley, and it was a hot ticket, under contract in just two days with an offer $60,000 over asking price. Yes, you read that right. While national averages show listings sitting longer, Long Island’s competitive landscape is driving offers and sales faster than ever.
Why Long Island’s Market is Defying the National Trends
Inventory Remains Tight: According to OneKey MLS, median home prices remain solid at $820,000 in Nassau and $655,000 in Suffolk. Homes here are averaging just 40-50 days on market, compared to national averages of 60+ days. Well-priced homes often sell within weeks—sometimes days.
Economic Growth & Development:
It’s not just the homes - I believe it’s also the infrastructure. New projects are boosting the local economy, creating jobs, and strengthening communities:
Smithtown’s balance of growth and preservation is a blueprint for success. The sewers in Kings Park are ahead of schedule, which will likely increase home values and attract more buyers.
Selden is following a similar path, transforming from a middle-market area into a hotspot for investment and growth. Expect home prices to rise and a vibrant local economy to follow.
New Developments Creating Jobs & Demand:
A new liquor store is coming to the long-vacant Golfsmith space in East Meadow, bringing 25+ new jobs and new energy to the community.
Two multifamily projects in Port Jefferson and Wyandanch just secured $1.79 million in state grants, paving the way for more housing, tax revenue, and stability.
The Cheesecake Factory is joining the revamped Green Acres Mall in Valley Stream, part of a broader effort to attract upscale tenants and revive the local shopping scene.
What This Means for Buyers and Sellers
For Sellers: If you’re in a middle-market area like Kings Park or Selden, now might be your moment to list. Rising values, paired with new development, mean your home could be worth more than you think.
For Buyers: Competition is high, but opportunities abound. Get pre-approved, be ready to move quickly, and don’t let national headlines scare you.
Upcoming Hot Listing to Watch!
Our very own Ashley Taylor is bringing a new listing to market in Islip:
📍 1 Winthrop, Islip
📅 Open House: Saturday, June 14th, 12–2 pm
We’ll see if this property draws the same surge of interest or if national trends are finally catching up.
Let’s Talk Your Home, Your Future!
Long Island is a unique market, and it takes a local expert to decode what’s happening. I’m here to help you understand how national trends affect our local neighborhoods and more importantly, how you can take advantage of it!
📞 631.664.0268
Let’s unlock the true potential of your home, together…I’m here to help!
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