Real Estate Market Update for Locust Valley, NY
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 15% from one year earlier, and up 10% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 700-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 500-thousand dollars. The number of units sold increased 33% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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.
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Map Information for Locust Valley, NY
Area Information for Locust Valley, NY
  • Population: 6,580
  • Median Age: 43.06 yr
  • Median Commute Time: 26.43 mins
  • Educational Climate*: 5
  • Sales Tax: 8.625%
  • Population Density: 877/sq mi
  • Population Change Since 2000: -2.13%
  • Closest Airport: Westchester County
  • Closest College: Long Island University-cw Post Campus
  • Closest Jr. College: New York College Of Health Professions
  • Median Household Income: $99,152
  • Annual Residential Turnover: 11.37%
  • Median Years in Residence: 4.59 yr
  • Median Home Sales Price: $800,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Locust Valley, NY
Median Age: 43.06 Married: 36% Number of Households: 2,339 Households with Children: 759
Community:
    • 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 Locust Valley, NY

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Locust Valley Elementary School 0.1 mi Public 3-5 4-5 4
      Locust Valley Middle School 0.7 mi Public 6-8 4-5 4
      Locust Valley High School 0.7 mi Public 9-12 3-5 4
      Portledge School 0.9 mi Private PRESCHOOL-12 0 5
      Friends Academy 1.1 mi Private PRESCHOOL-12 0 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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Locust Valley, 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.