How hot is your neighborhood? See where bidding wars are dominating home sales.
An open house at 131 Maple St. in Medford on March 20. Credit: Morgan Campbell
Almost half of the Long Island homes sold last year went for above asking price, and in the most competitive pockets, bidding wars pushed as many as two-thirds of homes above the initial list price.
The hottest communities were clustered in Suffolk County, where affordability and lower tax bills attracted more buyers than the market could handle.
There were 36 communities on the Island that had more than half of houses sell for above asking price last year. All but one were in Suffolk; the Nassau outlier was North Massapequa, where 23 houses sold last year. Newsday excluded communities with fewer than 20 sales from its analysis.
Search or browse the table below to see what share of home sales in your community and others on Long Island involved bidding wars.
Jonathan LaMantia covers residential real estate and other business news on Long Island. He previously covered the business of health care for Crain's New York Business.
