OneKey® MLS Footprint Round-Up: Prices Rise as Summer Market Shows Signs of Balance

The summer housing market remained resilient across the OneKey® MLS footprint in August, with prices continuing to rise even as closed sales edged lower and inventory gave buyers slightly more options. 

Closed sales for all property types fell 0.5% year-over-year to 4,858 transactions, while the median sales price rose 4.4% to $741,500 across the region. Pending sales increased 1.2% to 4,427, pointing to steady buyer activity heading into fall. 

Single-family homes remained the market leader, with the median sales price reaching $805,000, up 4.3% from August 2025. Condo prices rose 7.4% to $580,000, while co-op prices increased 5.5% to $316,575. Single-family homes spent a median of 41 days on the market and sold for an average of 101.1% of their original list price, maintaining buyer competition. 

Here’s a further breakdown of what each region is seeing: 

Long Island 

Nassau County’s median single-family sales price reached $911,000, up 4.7% year-over-year. Suffolk County saw a 7.0% increase, bringing its median to $760,000. Strong demand and limited supply continued to support prices across Long Island. 

New York City 

Queens’ median single-family sales price reached $899,000, up 1.0% from August 2025, while the Bronx median reached $693,500, up 1.2% year-over-year. Price growth was more modest than in suburban markets, but buyer activity remained steady. 

Hudson Valley 

The Hudson Valley continued to see strong price growth, led by Ulster County, where the median single-family sales price climbed 19.3% to $560,000. Westchester followed, up 9.5% to $1.205 million. Orange County rose 6.3% to $511,000, while Rockland increased 4.3% to $813,750. Dutchess County’s median reached $540,000, up 2.9%. 

These marked year-over-year increases continue to tell the story we have seen all summer: buyers keep looking farther from the city to afford a home.   

What Does This Mean for Clients? 

August showed a market beginning to find a little more balance. The number of homes for sale increased 1.3% year-over-year to 16,801, while the region ended the month with 4.1 months of supply. Single-family homes had 3.6 months of supply, but continued to move quickly, spending a median of 41 days on the market. 

For buyers and sellers, opportunities remain as the summer market transitions into fall. With prices still rising, demand holding steady and conditions varying by market, understanding local trends is more important than ever. 

Visit the OneKey® MLS Market Insights Center for detailed reports, interactive charts, and local data to understand better what’s happening in your market.