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Locust Valley Real Estate

Nassau, New York · 11560
Locust Valley Central School District Walk Score: 65
Median Single-Family Home Price
$1,327,500
-12% year-over-year · Nassau
Market Status
Seller's Market
Median DOM
33 days
Price Trend
-12%
Get Your Locust Valley Home Value
01 — Community Snapshot

Living in Locust Valley

Key metrics and insights for homebuyers and sellers evaluating Locust Valley, Nassau, NY 11560.

Median Single-Family Price
$1,327,500
-12% YoY
Median Recorded Property Tax
$18,400
Annual
Walk Score
65
out of 100
Commute
66 min
to Manhattan
Community Details
County
Nassau
ZIP Code
11560
School District
Locust Valley Central School District
Market Type
Seller's Market
Median Days on Market
33 days
Walk Score
65/100

How far is Locust Valley from New York City by train?

From Locust Valley Station on the LIRR Oyster Bay Branch, scheduled weekday AM-peak service takes about 66 minutes to Penn Station, 66 minutes to Grand Central Madison, 67 minutes to Atlantic Terminal in Brooklyn (MTA LIRR timetable data).

Is Locust Valley walkable?

Locust Valley has a Walk Score of 65 out of 100, which Walk Score rates "Somewhat Walkable".

Commuting from Locust Valley — LIRR

Nearby Long Island Rail Road stations and typical weekday AM-peak travel times to the Manhattan and Brooklyn terminals. Many Locust Valley residents use whichever station best fits their branch and schedule.

Locust Valley Station · Oyster Bay Branch Closest station
Birch Hill Road & Piping Rock Road, Locust Valley, NY 11560
To Penn Station
66 min
To Grand Central
66 min
To Atlantic Terminal
67 min
Glen Cove Station · Oyster Bay Branch Faster to Manhattan
Duck Pond Road And Pearsall Ave, Glen Cove, NY 11542
To Penn Station
64 min
To Grand Central
66 min
To Atlantic Terminal
67 min

AM-peak travel times on scheduled LIRR service to Penn Station, Grand Central Madison, and Atlantic Terminal (Brooklyn). Based on MTA LIRR public timetable data.

What Is Your Locust Valley, NY Home Worth?

Get a strategic market analysis — not an algorithm. A real evaluation from a licensed attorney and Associate Real Estate Broker serving Nassau.

Get Your Home Value
02 — Market Intelligence

Locust Valley Market Data

Current market conditions and pricing trends for Locust Valley, Nassau, NY.

Median Single-Family Price
$1,327,500
From 76 closed sales in the past 12 months
-12% year-over-year
Market Condition
🔥 Seller's Market
Based on inventory and demand
Median Days on Market
33 days
Typical time to sell
Median Sale Price by Property Type — Locust Valley
Single-Family
$1,327,500
76 closed sales · 33d median

Single-family, condo and co-op homes are measured separately — these medians are never blended together. Based on 77 recorded closings in ZIP 11560 between Sep 10, 2025 and Sep 10, 2026 — a settled trailing twelve months, ending about a month back so late-recorded closings are counted rather than missed. Days on market are medians, not averages. A property type with fewer than 8 closed sales in that window is left out rather than published on a sample too thin to mean anything.

The Trend

Over the past 2 years, 11560's median sale price has been uneven, swinging between $670K and $3.1M from month to month — more a sign of a thin or mixed market than a steady, single-direction trend. The latest months have brought some easing, though prices still sit above their earlier levels in the period. The typical recent sale has taken about 50 days to go under contract.

Locust Valley Home Prices by Segment — Single-Family
Entry
$500K – $815K
Median $710,000 · 35 sales
Mid-Market
$820K – $1.51M
Median $988,000 · 48 sales
High-End
$1.57M – $3.65M
Median $2,400,000 · 42 sales
Luxury
$3.7M – $9.55M
Median $5,100,000 · 14 sales

Based on information from OneKey® MLS, for the period October 7, 2025 through October 1, 2026. Source: OneKey MLS (recorded LI sales, trailing 12mo) + actual tax. Based on 141 recorded sales. Property tax values shown are algorithmic estimates calculated from official NY State ORPS / NYC Department of Finance assessment data aggregated by school district (Long Island) or ZIP code (NYC). These figures are an educational baseline and do not represent a guaranteed or binding tax bill. Actual taxes vary based on individual assessed value, applicable exemptions (STAR, Senior, Veteran), historical grievances, village overlays, and special district levies. Verify exact tax with the Nassau County Assessor / Suffolk County Comptroller / NYC Department of Finance before any financial commitment.

What investors paid, and what they resold for
Median purchase and resale price by yearBought forResold for
$2.2M$1.2M$270K2017202020222025$2.2M$1.2M$270K2017202020222025
Share of all local purchases made by companies
16.8%12.2%7.6%201720202022202516.8%12.2%7.6%2017202020222025

Across 9 years of county-clerk records, 45 homes in the Locust Valley school district were bought by a company and resold within two years. Over the whole period the typical one was bought for $500,000 and resold for $730,000, a median of 12 months later.

That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +5.1%, so most of the difference is not the market carrying the house.

What these homes resold for moved from a median of $2,200,000 in 2017 to $835,000 in 2025, down about 62% over the period.

The pandemic years cut against the intuition that investors moved in. Companies bought 9.4% of homes here in 2019, then 12.1% in 2020 and 7.6% in 2021 — the lowest share of the 9 years. In the two years when buyers competed hardest, companies won a smaller share, not a larger one.

Since then it has reversed. Company buying reached 16.8% in 2025, the highest of the period — above its pre-pandemic level, while the market cooled.

Source: property transfers recorded with the county clerk, which cover every sale rather than only those listed for sale. Filings reach the state months after closing, so these figures run to December 2025 and describe what has already happened rather than the market today.

Homes that changed hands without going on the market

Between 2017 and December 2025, 241 homes in the Locust Valley school district passed between family members rather than being sold — about 16 for every 100 that sold on the open market.

76% of them recorded no price at all, so they appear in no market statistic, no listing history and no sold comparable. They are counted here because the transfer itself is filed with the county clerk, whether or not money changed hands.

Family transfers per 100 open-market sales, by year
27181020172020202220252718102017202020222025

Counted from the reason recorded on each transfer with the county clerk, not from the price. Transfers filed only to add or remove a name on the deed are excluded — those are paperwork, not a change of owner. Where a filing gives no reason it is not counted, so these are minimum counts rather than a complete rate, and they run to December 2025.

Who has cut their asking price
Price reductions in Locust Valley
6 of 17 homes for sale
35.3% have cut their asking price — against 35.4% across Nassau

Of the 17 homes for sale in Locust Valley today, 6 are now asking less than they originally asked — 35.3%, against 35.4% across Nassau.

And among the homes that actually sold

Among the 68 homes that sold in Locust Valley over the last twelve settled months, 27.9% had cut their price before they sold — unchanged from 29.2% over the same twelve months a year earlier.

What each group got

Over those same twelve months, the 48 Locust Valley homes that sold without ever reducing achieved 100.0% of their asking price in a median of 23 days. The 19 that did reduce achieved 84.6% of what they first asked, after 93 days.

Homes that never reduced and homes that did are different homes, priced differently from the start — these figures describe what each group did, not what a reduction causes. How any individual home performs depends on condition, layout, its position within Locust Valley and how it shows, none of which a market median can capture.

Measured from the OneKey MLS feed, updated daily. A home counts as reduced when its current asking price is below the price it was first listed at — not against an estimate or against other homes. The for-sale figures describe homes available today; the sold figures describe closed sales between September 2025 and August 2026.

Joseph's Market Take

What This Means for Sellers

Locust Valley reads as a Seller's Market: about 3.6 months of single-family supply, and homes sold in a median of 33 days over the past 12 months. If you're considering selling, this market rewards strategic pricing — not overpricing. A properly positioned listing will attract qualified buyers and maximize your net proceeds.

Buyer Advisory

What This Means for Buyers

Buyers in Locust Valley should be prepared to act quickly and come with strong offers. Pre-approval is essential, and buyers are generally better served retaining their own real estate attorney early to review the negotiation and contract. Expect competition, but don't overpay — there's a difference between being competitive and being reckless.

How many Locust Valley listings did not sell
Did not sell
24%
21 of 86 listings that resolved
Sold
76%
65 closed sales · median $1,100,000

The listings that did not sell asked a median of $2,950,000 — 168% above the $1,100,000 median of the homes that closed. Counted over the trailing twelve months: every listing that closed, expired, was withdrawn or was terminated. Listings still active or under contract are not counted on either side. If the feed does not retain every withdrawn listing, the real figure is higher than the one shown, never lower.

Based on information from OneKey® MLS, for the period September 10, 2025 through September 10, 2026.

Flood informationLocust Valley: FEMA flood dataMedian NFIP cost, single-family homes, ZIP 11560: $750 a year (Aug 2026)
Median yearly NFIP cost
$750
Single-family homes · ZIP 11560
Middle half of policies
$530–$1,400
39 policies in force, August 31, 2026
Residential buildings with NFIP insurance
9.7%
Nassau County · FEMA, Aug 3, 2026

Median yearly cost by FEMA zone: high-risk A zones $2,030 (4 policies, small sample); coastal high-risk V zones $7,050 (2 policies, small sample); moderate- to low-risk zones (X, B, C) $720 (33 policies).

Cost trend, Nassau County

Median yearly cost of single-family NFIP policies taking effect each month.

$1,650$1,520$1,380Sep '25Jan '26Apr '26Aug '26$1,650$1,520$1,380Sep '25Jan '26Apr '26Aug '26

In Nassau County, the typical monthly median yearly cost of single-family NFIP policies taking effect in June through August 2026 was $1,600, 8% higher than the typical month in June through August 2025 ($1,470). Based on 8,380 and 8,745 policies.

FEMA flood-loss ratings

FEMA's National Risk Index rates each census tract's expected yearly losses from flooding against every census tract in the country. For the 2 census tracts in Locust Valley (Census-designated place):

Coastal flooding

  • Relatively High 1
  • Relatively Low 1

Inland flooding (heavy rain, streams)

  • Relatively High 1
  • Relatively Low 1

Check a specific address

Look up the FEMA flood zone for any address: FEMA Flood Map Service Center · FloodSmart (FEMA).

Flood data for Nassau County: costs by ZIP, trend and FEMA ratings →

Calculated from FEMA policy data (as of Sep 8, 2026) and FEMA's NFIP residential penetration rates; ratings are FEMA's own labels from the National Risk Index (December 2025). Yearly cost is premium plus FEMA fees, single-family NFIP policies only; the insured share is residential NFIP contracts as a share of all residential buildings. Private flood insurance is not included. Not a flood-zone determination, insurance advice or a quote. Each building is priced individually.

03 — About Locust Valley

What It's Like Living in Locust Valley

Locust Valley is one of Nassau's most established residential communities, offering a distinctive blend of suburban character and metropolitan accessibility. Located in the 11560 zip code, the community is served by the Locust Valley Central School District.

With a median home price of $1,327,500 and a median recorded property tax of $18,400 annually, Locust Valley pairs an established housing stock with direct access to New York City. The commute to Manhattan averages approximately 66 min via the Long Island Rail Road.

Local Expert Insights

Joseph's Insider Guide to Locust Valley

Direct answers informed by 5,000+ closed transactions across Nassau, Suffolk, Queens and Brooklyn — not the canned content you'd find on any listing portal.

Is Locust Valley a good place to live for commuters?

The LIRR connects Locust Valley to Penn Station and Grand Central Madison in approximately 66 min. Peak express service, station parking and walk-to-station distance vary by address, and those three factors decide what a commute actually looks like day to day.

What are property tax trends in Locust Valley, NY?

Locust Valley homeowners pay a median of approximately $18,400 a year in property taxes — the median of the tax figures actually recorded on homes sold here, not an estimate. The bill funds school-district, county, town, and special-district services. Taxes are assessed parcel by parcel, so two similar homes on the same street can carry very different bills — confirm the actual assessment on a specific address before relying on it.

Is now a good time to buy or sell in Locust Valley?

Locust Valley is currently a Seller's Market, with homes selling in about 33 days. Prices have moved -12% year-over-year. Timing decisions depend on your specific situation — contact Joseph for a no-cost strategy session tailored to your property and goals.

What makes Locust Valley different from other Nassau communities?

Locust Valley is a long-established community served by the Locust Valley Central School District. Prices and activity vary by property type, school district, condition and price band; the figures above show where this market stands now.

What should buyers know before making an offer in Locust Valley?

School district boundaries in Locust Valley often run street by street — two blocks can mean a different school zone, so confirming a home's exact attendance zone before you make an offer matters. As an Associate Broker who is also an attorney, Joseph reads title and contract details differently than most agents — and when the facts of a deal are in front of him, he knows what's worth asking about. (Not a substitute for your own attorney's representation.)

Is Locust Valley walkable for everyday living?

Locust Valley has a Walk Score of 65/100, measured at a single point near the centre of Locust Valley. Walkability varies street by street, so check the score for a specific address; the LIRR provides Manhattan access in approximately 66 min.

Planning a Move to Locust Valley?

Get the Locust Valley Relocation Guide — schools, commute options, live market data, and insider neighborhood details compiled by an Associate Broker who is also an attorney.

Request the Relocation Guide
05 — Schools & Education

Schools in Locust Valley, NY

Locust Valley is served by the Locust Valley Central School District. Attendance zones on Long Island are assigned street by street, so a Locust Valley mailing address does not by itself determine which school a home is zoned for.

Schools in the Locust Valley Central School District
Elementary
Ann Macarthur Primary School Bayville Elementary School
Middle
Locust Valley Middle School
High
Locust Valley High School

These are the schools recorded on homes sold in this district over the last 12 months — the district may also serve neighbouring communities. Zones can change and run street by street — we confirm the exact assignment for any home before you offer.

Locust Valley Central School District — Value & Taxes
$622,000 Median home value
$16,074 Typical annual tax ▼ -19% yr/yr
1.46% Effective rate

Median home value is the New York State ORPS assessment-roll median for the district. Typical annual tax and effective rate are the median recorded tax bill and that bill divided by the median sale price, across 151 recent sales carrying a reported tax figure — an observed cost ratio, not an official millage rate. District boundaries can cross town and postal lines, so always verify the district for a specific address.

Locust Valley Schools — Frequently Asked Questions

What school district serves Locust Valley?

Locust Valley is served by the Locust Valley Central School District. District boundaries on Long Island often run street by street, so we confirm the district and attendance zone for a specific address before you make an offer.

What schools are zoned for Locust Valley?

Locust Valley is served by the Locust Valley Central School District, which records these schools on homes sold in the district — elementary: Ann Macarthur Primary School, Bayville Elementary School; middle: Locust Valley Middle School; high: Locust Valley High School. Districts with more than one school at a level assign students by street, so confirm a specific address before relying on it.

What high school do Locust Valley students attend?

Locust Valley students attend Locust Valley High School, part of the Locust Valley Central School District.

Searching for homes near a specific school?

School district boundaries on Long Island often run street by street, so a Locust Valley mailing address doesn't guarantee a given school. We confirm a home's exact attendance zone before you make an offer.

05.5 — Location & Map

Locust Valley on the Map

Explore Locust Valley and nearby areas. Zoom in to see neighborhoods, schools, transit, and local amenities.

Loading map…
Map Key: Community LIRR Stations Parks

Looking to Buy in Locust Valley?

Browse available properties or let Joseph find the right home for you — with the read of an Associate Broker who is also an attorney.

05.75 — For Sale Now

Homes for Sale in Locust Valley, NY

22 active listings currently on the market in Locust Valley. Data refreshed from the MLS in real time.

15 Pershing Avenue, Locust Valley, NY 11560 Active 103d Colonial
$799,000
15 Pershing Avenue, Locust Valley, NY 11560
3 bd 2 ba 1,308 sqft
Listing courtesy of Keller Williams Rty Gold Coast
2 Wood Lane, Locust Valley, NY 11560 Active 3d Colonial
$2,395,000
2 Wood Lane, Locust Valley, NY 11560
5 bd 6 ba 4,144 sqft
Listing courtesy of Daniel Gale Sothebys Intl Rlty
217 Feeks Lane, Locust Valley, NY 11560 Active 19d Estate
$2,495,000
217 Feeks Lane, Locust Valley, NY 11560
5 bd 5 ba 4,129 sqft
Listing courtesy of Daniel Gale Sothebys Intl Rlty
250 Oyster Bay Road, Locust Valley, NY 11560 Active 95d Colonial
$4,249,999
250 Oyster Bay Road, Locust Valley, NY 11560
5 bd 6 ba 9,023 sqft
Listing courtesy of LAFFEY REAL ESTATE
8 Mill Pond Lane, Lattingtown, NY 11560 Active 204d Contemporary
$4,475,000
8 Mill Pond Lane, Lattingtown, NY 11560
5 bd 9 ba 7,600 sqft
Listing courtesy of Nest Seekers International LLC
199 Lattingtown Road, Locust Valley, NY 11560 Active 109d Estate
$12,250,000
199 Lattingtown Road, Locust Valley, NY 11560
7 bd 10 ba 20,000 sqft
Listing courtesy of Daniel Gale Sothebys Intl Rlty

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 10, 2026 7:30 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Personal-use terms and which listings this site shows: MLS & Data Disclosures

Showing 6 of 22 active listings

View All 22 Listings in Locust Valley
06 — Recent Sales

Recently Closed in Locust Valley

38 closed sales found. Recent transactions provide real-world context for current market values. For a full Comparative Market Analysis of your property, request a complimentary CMA.

← swipe to view all →

Address Type Beds / Ba Sq Ft Closed Sale Price $/Sq Ft DOM
530 Chicken Valley Road, Matinecock, NY 11560 Estate 8 bd / 9 ba 10,500 — Sign in to view — 9d
38 Maple Avenue, Locust Valley, NY 11560 Cape Cod 4 bd / 2 ba 1,540 — Sign in to view — 14d
51 Cross Street, Locust Valley, NY 11560 Colonial 4 bd / 3 ba 2,102 — Sign in to view — 21d
55 Pershing Avenue, Locust Valley, NY 11560 Cape Cod 3 bd / 1 ba 1,265 — Sign in to view — 14d
10 The Knolls, Locust Valley, NY 11560 Split Level 4 bd / 3 ba 2,174 — Sign in to view — 37d
3 Avenue B, Locust Valley, NY 11560 Cape Cod 4 bd / 2 ba 1,593 — Sign in to view — 14d
380 Duck Pond Road, Matinecock, NY 11560 Colonial 6 bd / 6 ba 5,172 — Sign in to view — 61d
12 Chester Street, Locust Valley, NY 11560 A-Frame 4 bd / 2 ba 1,664 — Sign in to view — 51d
17 Tappanwood Drive, Locust Valley, NY 11560 Colonial 5 bd / 5 ba 3,248 — Sign in to view — 17d
80 Skunks Misery Road, Locust Valley, NY 11560 Traditional 3 bd / 2 ba 1,771 — Sign in to view — 15d
9 Fox Ridge Lane, Locust Valley, NY 11560 Split Level 3 bd / 3 ba 1,956 — Sign in to view — 5d
530 Chicken Valley Road, Locust Valley, NY 11560 Estate 8 bd / 9 ba 10,500 — Sign in to view — 30d

Source: OneKey MLS — Locust Valley closed sales, last 180 days. Verify all figures independently before making decisions.

Get Your Home’s Value →
07 — Frequently Asked Questions

Locust Valley Real Estate FAQ

Expert answers to the most common questions about buying and selling in Locust Valley.

How much does it cost to buy a home in Locust Valley?
Single-family homes in Locust Valley sold for a median of about $1.33 million in the 12 months to September 10, 2026, across 76 closed sales, down 12% from the 12 months before. Their median recorded property-tax bill was about $18,400 a year. At that price the buyer also pays New York State's 1% mansion tax, which applies to homes of $1 million or more: about $13,300 on $1.33 million. The State's 0.4% base transfer tax is paid by the seller. Lender, title-insurance and attorney charges depend on the loan and the contract, so they are not included here. Sources: OneKey® MLS closed sales; tax rates from the NYS Department of Taxation and Finance.
Is Locust Valley a good place to buy a home, and who is it right for?
Locust Valley is an established Nassau community served by the Locust Valley Central School District, with a median home price of $1,327,500 and a median tax bill around $18,400. Commuters reach Manhattan via the LIRR, and it's currently a Seller's Market. Whether it fits comes down to budget, schools, and commute — I'll give you a candid read on the trade-offs versus nearby towns.
What are property taxes like in Locust Valley, and can they be lowered?
Locust Valley's median property-tax bill runs about $18,400/year. Can they be lowered? Sometimes. You can file a tax grievance — formally a tax certiorari proceeding — that challenges the assessed value your bill is calculated from. There's no guarantee of a reduction, it can take roughly two years to show up on your bill, and even a successful challenge may move the number only modestly. Many homeowners still pursue it, and a number of firms will handle the filing for a share of the first year's savings. It's worth reviewing for your specific home, and Joseph can pull a property's full tax history before you make an offer. If taxes are a deciding factor, you can also filter for lower-tax communities and compare.
What is the LIRR commute from Locust Valley to Manhattan?
The typical commute to Manhattan is roughly 66 minutes by LIRR from the Locust Valley station (Birch Hill Road & Piping Rock Road, Locust Valley, NY 11560) on the Oyster Bay Branch, with peak trains serving both Penn Station and Grand Central Madison (about 66 minutes to Grand Central). If you want options, nearby stations include Glen Cove (about 64 min to Penn) — handy for trading a shorter drive for a faster train. View LIRR schedules and fares.
What is the median home price in Locust Valley, and is it a buyer's or seller's market right now?
The median home price in Locust Valley is $1,327,500, with prices trending -12% year over year, and the market is currently a Seller's Market with a median of 33 days on market. On the supply side, Locust Valley is carrying about 3.6 months of single-family inventory — the time it would take to sell every active single-family listing at the current sales pace — which points to a limited supply that favors sellers, with roughly 28% of available homes selling each month (the absorption rate). Homes have recently sold at a median of about 98.6% of list price — 32% of sales closed above asking, 9% at asking, and 58% below. For a detailed analysis of your specific home or purchase target, contact Joseph DeVito for a complimentary market evaluation.
How are the schools in Locust Valley?
Locust Valley is served by the Locust Valley Central School District. School attendance zones can run street by street, so an address in Locust Valley doesn't automatically put a home in a given school. Because that distinction can affect both your child's school and the home's resale value, Joseph checks the specific attendance zone for any home you're seriously considering before you make an offer.
Why work with Joseph DeVito to buy or sell in Locust Valley?
Joseph DeVito doesn't just help people buy and sell homes — he's spent over a decade hands-on renovating them. Alongside 5,000+ transactions, that renovation experience means he's worked through layout, design, and functionality decisions and lived with the timelines, costs, and pitfalls of a project — so he walks a home with a renovator's eye for craftsmanship and condition and can show buyers where to look closely. As a licensed attorney (though not your attorney on the transaction), he also reads a deal differently than most agents: when the facts of a transaction are in front of him, he understands the contract and title questions worth asking. His background also includes deep foreclosure and distressed-sale experience. In a divorce or estate sale, he can orient you and then coordinate with your matrimonial or estate representative for the legal specifics outside an agent's role. He's also genuinely responsive. It's an uncommon mix, and clients are generally better served by it. (Joseph represents you as your agent through Keller Williams; this is not legal representation and does not create an attorney-client relationship.)
Is Locust Valley a buyer's or seller's market?
Over the past 2 years, 11560's median sale price has been uneven, swinging between $670K and $3.1M from month to month — more a sign of a thin or mixed market than a steady, single-direction trend. The latest months have brought some easing, though prices still sit above their earlier levels in the period. The typical recent sale has taken about 50 days to go under contract.
Are sellers cutting prices in Locust Valley?
6 of the 17 homes for sale in Locust Valley are asking less than they originally asked (35.3%), against 35.4% across Nassau. Among homes that actually sold there in the last twelve settled months, 27.9% had cut before selling. Updated daily from the OneKey MLS feed.
What counts as a price reduction on this page?
A home is counted as reduced when its current asking price is lower than the price it was first listed at. It is not based on an estimate, on a valuation, or on what similar homes are worth — only on the seller's own two numbers, their original asking price and their current one.
Are price cuts in Locust Valley becoming more or less common?
27.9% of the 68 homes that sold in Locust Valley over the last twelve settled months had reduced their price before selling, compared with 29.2% over the same twelve months a year earlier. The two periods cover the same calendar months, because price cutting is strongly seasonal.
Do homes that cut their price in Locust Valley sell for less?
Over the last twelve settled months in Locust Valley, the 48 homes that sold without ever reducing achieved 100.0% of their asking price, and the 19 that reduced achieved 84.6% of what they first asked. These are different homes priced differently from the start, so the difference describes the two groups rather than the effect of a reduction.

Joseph DeVito is a New York Licensed Associate Real Estate Broker and a New York attorney. He does not act as both broker and attorney on the same transaction: here he acts as a real estate broker only, and he is not your attorney. Real estate services provided through Keller Williams Realty Greater Nassau are not legal representation. Everything on this site is general information for educational purposes only. It is not legal advice, it creates no attorney-client relationship, and it should not be relied on as legal advice — for advice about your own situation, consult your own attorney.

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County Context

How Locust Valley Fits Into the Nassau County Market

Locust Valley’s median sale price of about $1.33M sits about 60% above the Nassau County median of about $830K. These are whole-county figures over a settled trailing 12 months — the same data behind our full Nassau County reports.

$830KCounty median
28dCounty median DOM
3.3 moMonths of supply
100%Sale / final list

County medians describe the wider market, not any specific property, and are not a valuation of a home in Locust Valley.

08 — Explore More

Nassau Markets Priced Like Locust Valley

Other Nassau communities whose current median sale price sits closest to Locust Valley's — a practical way to see what the same budget buys elsewhere.

Live OneKey MLS medians from recent closed sales, refreshed daily. Market condition reflects months of supply. Figures describe each market, not any specific home.

Didn't find what you're looking for?

Search all Nassau communities or browse by price range.

Ready to Make a Move in Locust Valley?

Buy or Sell in Locust Valley, NY With an Associate Broker Who Knows Which Questions to Ask

Joseph DeVito has been part of more than 5,000 closed transactions across Nassau County, Suffolk County, Queens, and Brooklyn. As an Associate Broker who is also an attorney, he reads a deal differently than most agents — and when the facts of your Locust Valley deal are in front of him, he knows the contract and title questions worth asking.

Also explore: Buyer Resources · Selling Your Home · All Nassau Communities · Nassau County Housing Market Outlook · Nassau County Days on Market Report · Nassau County School & Tax Breakdown