Dix Hills real estate remains strong as we head into fall here on Long Island. Looking at the numbers that came in for last month, the median sales price of homes was up year on year in a big way. The number of houses that were sold was also up. And yes, in a big way. The median number of days that houses actually stayed on the market was down sharply when compared to 2020. And nearly half the homes went for more than their listing price. Welcome to this week’s Long Island HOME Market Flash as we head to Dix Hills, NY.
Dix Hills homes sold for a median price of $912,500 this past August, an increase of 30.4% year on year, according to Redfin. Five years ago, the average median price was nearly $220,000 lower than here in 2021, while the ensuing years saw an up-and-down trend:
While sellers got a slightly lower average sales price than what they listed for—99.7% of the list—47.6% of the homes that sold in August went above the asking price, an increase of 161.9% over last year’s activity.
Properties also continued to move quickly in Dix Hills, home to both the Half Hollow Hills Central School District and the Commack School District, as homes stayed on the market an average of only 24 days, a time frame that was 64 days a year ago and 60 days back in 2016. A greater number of homes were sold as well—42 homes sold in August 2021, an increase of 27.3% over the 33 homes that sold in the same period of time last year.
Across the United States in this same period of time, the median home sales price was $385,650, a percent increase year on year of 19.5%.