The housing market in Locust Valley, NY is thriving. The median value of homes in the area stands at $959,200, which is significantly higher than the US house median value of $338,100. Furthermore, the one-year appreciation rate for houses in Locust Valley is 8.72%, compared to 8.27% for the nation as a whole. This indicates that homes in Locust Valley are continuing to appreciate steadily and remain highly sought-after by potential buyers.
The median home cost in Locust Valley is $959,200. Home appreciation the last 10 years has been 75.2%. Home Appreciation in Locust Valley is up 12.8%.
Average Age of Homes
- The median age of Locust Valley real estate is 78 years old
The Rental Market in Locust Valley
- Renters make up 26.4% of the Locust Valley population
- 0.0% of houses and apartments in Locust Valley, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.