Is Your Suffolk County Home Worth More Than Last Year? Here’s What October’s Market Data Says

If you’re a homeowner in Suffolk County, one of the biggest questions on your mind right now is probably:

“Is my home worth more than it was last year?”

The latest October market data from OneKey® MLS gives us a very clear answer — and it’s good news for local sellers. The numbers show steady price growth, strong demand, and low competition.

Let’s break it down in a simple, homeowner-friendly way.

Home Values: Yes, Prices Are Still Up

Across all property types in Suffolk County, the median sales price increased to $680,000, up 4.6% from last year.

For single-family homes — which make up the bulk of our local market — the October median sales price climbed to $701,000, a 4.6% increase year-over-year.

That means most homeowners gained equity simply by owning their home this past year.

Even if your home hasn’t changed, the market has.

Inventory Is Low — And That Favors Sellers

One of the biggest trends from October’s report is the sharp drop in inventory.
There were 10.5% fewer homes for sale this October compared to last year.

For single-family homes specifically, inventory fell 10.7% year-over-year.

Why this matters:

• Fewer homes = less competition

• Buyers have fewer choices

• Well-priced, move-in-ready homes stand out even more

• Sellers often maintain stronger negotiating power

If you’re wondering whether your home will get lost in a “holiday slowdown,” the data says otherwise — supply is tight, and serious buyers are still out looking.

Buyer Activity Is Still Strong

Demand hasn’t disappeared — in fact, it has increased.

In October:

• Closed sales for all properties rose 6.8%.

• Single-family closed sales rose 4.9%.

• Condos saw a massive 19% jump in closed sales.

Homes are also selling slightly faster:

• Days on market dropped to 47 days, down from 49 last year.

This tells us there are motivated buyers who aren’t waiting for spring.

Are Homes Still Selling Close to Asking Price? Yes.

Across all property types, sellers received 100% of their original list price on average.

Single-family homes were nearly identical at 100.2% of the original list price received.

That means most sellers are not discounting their homes to get offers — buyers are stepping up and paying close to full price.

 Pending Prices Show More Growth Ahead

Pending prices—often a preview of where the market is heading—tell a similar story:

• Single-family median pending price hit $707,500 (up 13.2% YoY).

• All properties combined: pending price rose 14.4%.

Pending prices rising faster than sold prices often indicate continued strength into the next 1–3 months.

What Does This Mean for You as a Homeowner?

If you’ve been wondering whether your home is worth more than it was last year, the short answer is:

Yes — most homeowners in Suffolk County gained meaningful equity over the past 12 months.

The combination of:

• Higher prices

• Strong buyer activity

• Lower inventory

• Faster days on market

…creates a seller-friendly environment, even heading into the holiday months.

 Should You Sell Now or Wait Until Spring?

Spring always brings more listings — which means more competition.

Right now, you can stand out.

If your home is well-prepared, priced strategically, and marketed correctly, fall and early winter can actually be a stronger window than waiting for the spring surge.

Every home and neighborhood is different, though — Port Jefferson Station behaves differently than Belle Terre, and Setauket trends differently than Centereach or Mount Sinai.

That’s where a hyper-local analysis makes all the difference.

Want to Know How Much Equity You Gained?

I’d be happy to run a no-pressure, personalized market analysis based on your home’s location, style, and the most recent sales in your neighborhood.

Whether you're thinking about selling, refinancing, or just keeping an eye on your investment, an updated valuation is a great tool to have.

👉 Request your free neighborhood market update anytime — just reach out.

Beth Hayde, Licensed Real Estate Salesperson

516-972-0051

Real Broker NY

Info obtained from:

*OCTOBER25SUFFOLKCOUNTYREPORT

*SuffolkCountyOCT25 MONTHLY INDICATORS