House budget $700,000? Here's what that'll buy in Nassau, Suffolk
Of nearly 9,000 closed sales across the Island, fewer than 600 were within that price range, data shows. Credit: Elizabeth Sagarin
What does $700,000 buy in Long Island's tight real estate market?
That price was the median for a single-family home in Suffolk County in March, according to data from OneKey MLS. In Nassau, the price was $849,000, the multiple listing service reported.
Meanwhile, the number of closed sales fell 8% year over year on LI, with the harsh winter as a contributing factor, Steven Kent, chief economist for the Long Island Association business group, told Newsday last month.
Newsday analyzed data on houses that sold over the past six months between $675,000 and $700,000. Here's what we found.
Of nearly 9,000 closed sales across the Island, 584 were within that price range. Those homes had a median of four bedrooms and two bathrooms.
