What Is the Average Long Island House Value in 5 Communities?

long island house

If you’re considering selling your Long Island house, now’s a fantastic time to do it.

Property prices in this area are at an all-time high thanks to high demand coupled with low inventory. In 2019, there were 4.9% fewer homes for sale in this area than the year before.

Find out what you can expect to get for your Long Island residence if it’s located in one of these top communities.

1. Hempstead, NY

Hempstead’s had a bit of a slow start but it’s improving every day and is one of the most diverse areas on Long Island.

The median price of homes in Hempstead is $436,500. The area’s known for its good quality schools and a wide variety of things to do. Manhattan’s close by if you need to commute but you can find everything you need in Hempstead itself.

The coffee shops, restaurants, bars, and parks are a big attraction for people looking for a dense suburban feel with plenty of green spaces.

Overall, the good transport infrastructure, the wide variety of shops, and the convenience of living in Hempstead appeal to prospective homebuyers.

If your number one question is, ‘how do I sell my house fast in Hempstead?’, you can easily attract buyers by dropping your price a little lower than this average.

2. Garden City, NY

Garden City real estate is hot property right now thanks to Long Island’s rise in popularity. The average price of homes in this area is $836,100 with some homes priced at over $4 million.

Despite these high prices, the average home sells within 94 days.

Most homes in this upper-class area have three bedrooms or more and large manicured gardens. Some have swimming pools and tennis courts too.

There are plenty of elegant Tudors and colonial-style homes among the more modern properties for sale in Garden City. Prospective homeowners love the tree-lined avenues, easy access to the beach just 20 minutes drive away, and a quick commute to Manhattan.

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Out of towners often travel to Garden City to do their shopping due to the abundance of quaint shops and the quiet atmosphere of this suburb.

It’s a popular place to live due to its village feel, plenty of green spaces, good schools, and a wide variety of shops.

3. Southhold, NY

This North Fork, LI, town has a rural feel and is popular with retirees. People have been moving to the Southhold area since the 1700s, making it the oldest settlement on Long Island.

The suburb comprises one village and ten hamlets and a corresponding small-town charm. The area has a strong sense of community and a welcoming vibe.

Southhold’s awash with tranquil beaches, vineyards, and mom and pop stores and is a popular weekend destination for New Yorkers.

The average price of houses in this area is $565,200 but many couples come in search of cheaper, older homes that cater to their fixer-upper ambitions. You’ll also find plenty of waterfront mansions in this area to suit your ambitions of admiring a sea view from every room.

Locals consider this town one of Long Island’s best-kept secrets, with its laid-back vibe, farmer’s markets, and farm-to-table restaurants.

4. The Hamptons

Just across the Long Island Sound from Southhold, Southampton and East Hampton are some of the most exclusive areas in all of New York.

the average Hamptons beach house can cost between $653,800 in Southampton and $850,000 in East Hampton. The Hamptons are most famous for their beautiful expanses of beaches and very luxurious homes.

Most of the beachfront properties have very large landscaped gardens, swimming pools, and tennis courts.

Many celebrities, including Jay-Z and Beyonce, as well as wealthy business owners, have mansions in this prestigious part of Long Island. Upmarket restaurants, salons, and high-end boutiques are the norms in the Hamptons.

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The Shinnecock Golf Club, Cooper’s Beach, the Hampton Classic horse show attract visitors from around the globe to this interesting and scenic destination.

There’s a high demand for short-term vacation rentals in the Hamptons. As such, they’re an excellent place to buy an investment property with short-term rentals attracting high rates.

5. Hauppauge, NY

Hauppauge is a busy industrial area and home to the largest industrial park on the island. As such, it has plenty of employment opportunities.

Despite this industrial heritage, Hauppauge retains a small-town feel. It’s the ideal location for those who want to live and work on Long Island.

Many prospective homebuyers view this small town as a desirable location. This is mainly due to its proximity to both the north and south shores of Long Island as well as its overall family-friendly feel.

Hauppauge is also home to a few luxury hotels and a world-class golf course.

Many of the houses here have a mid-20th century style and crime rates are low in this part of Long Island too.

There are a variety of homes for sale in Hauppauge. These range from modest one-bedroom houses to 8 bedroom mansions surrounded by lush gardens.

The average price of a house in this part of Long Island is $470,600.

Getting the Best Price for Your Long Island House

If you have a house for sale in Long Island, it’s a good idea to take advantage of the ongoing buyer’s market in the area. There’s no telling how long the boom will last.

No matter what type of Long Island house you own, you’re bound to find someone willing to buy it.

For more information on the best of everything, keep browsing our blog to compare your options when it comes to health, tech, food, and business.

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