Real Estate Market Update for Jericho, NY
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 35% from one year earlier, and down 3% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 670-thousand dollars. The number of units sold increased 60% year-over-year, and decreased 20% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Jericho, NY
Area Information for Jericho, NY
  • Population: 12,231
  • Median Age: 44.65 yr
  • Median Commute Time: 28.15 mins
  • Educational Climate*: 5
  • Sales Tax: 8.625%
  • Population Density: 3,155/sq mi
  • Population Change Since 2000: 5.59%
  • Closest Airport: John F Kennedy International
  • Closest College: New York Institute Of Technology
  • Closest Jr. College: New York College Of Health Professions
  • Median Household Income: $143,766
  • Annual Residential Turnover: 8.33%
  • Median Years in Residence: 6.93 yr
  • Median Home Sales Price: $640,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 35%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Jericho, NY
Median Age: 44.65 Married: 47% Number of Households: 4,236 Households with Children: 1,690
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Jericho, NY

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Jericho Senior High School 140.0 mi Public 9-12 4-5 4
      Jericho Middle School 140.0 mi Public 6-8 5 4
      George A Jackson School 140.6 mi Public K-5 5 3
      Robert Seaman Elementary School 140.9 mi Public K-5 5 5
      Solomon Schechter Day School-nassau 141.1 mi Private K-5 0 4
      Cantiague Elementary School 141.3 mi Public K-5 5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for Jericho, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.