The Long Island housing market and home prices have remained one of the most competitive in the country over the past year. While single‑family homes continue to dominate, condos have carved out a growing share of buyer demand — especially as affordability challenges push many first‑time buyers and downsizers toward lower‑maintenance living. But not all condos are created equal. Reviewing the past year’s data and market reports, clear patterns emerge about which types of condos are most in demand, and which are struggling to attract buyers. Use this information to search our live listings under “condominiums” and the filters to find your perfect match.
(Home Sales & Rentals – Five Town Homes & Living)

📈 Condos in Highest Demand

1. Transit‑Oriented Condos (Near LIRR Stations)

• Properties in Huntington, Rockville Centre, Garden City, and Great Neck have surged in popularity.
• Buyers prize the ability to live in suburban comfort while maintaining a quick commute to NYC.
• According to Zillow and Beacon Team reports, condos near LIRR hubs consistently sell faster and at higher premiums than those farther inland.

2. Luxury Waterfront & North Shore Condos

• The North Shore Gold Coast and Hamptons‑style developments continue to attract affluent buyers.
• Demand is driven by remote workers and second‑home seekers who want space, amenities, and access to Long Island’s coastline.
• These units often feature concierge services, gyms, and private marinas — lifestyle perks that command top dollar.

3. New Construction & Amenity‑Rich Developments

• Newer builds in Nassau County, particularly in Syosset, Massapequa, and Westbury, are outperforming older stock. This means that “value” investors may want to consider older style condos that offer you other great features for a great price!
• Buyers are drawn to modern layouts, energy efficiency, and community amenities like pools, clubhouses, and fitness centers.
• Developers are leaning into this demand, with condo construction rising to fill the gap between limited single‑family inventory and high buyer interest.

📉 Condos Facing the Weakest Demand

1. Older Units Without Renovations

• Condos built in the 1970s–1990s that haven’t been updated are sitting longer on the market.
• Buyers are wary of high HOA fees paired with dated interiors and looming capital improvements.
• These units often require significant upgrades, which is a turn‑off in today’s high‑interest‑rate environment.

2. High‑Tax District Condos

• In Nassau County, condos located in top‑rated but high‑tax school districts are seeing slower absorption.
• Rising property taxes, combined with mortgage rates above 7%, are pricing out many first‑time buyers.
• Buyers are opting for slightly less prestigious districts where monthly carrying costs are more manageable.

3. Condos Far from Transit or Amenities

• Units in car‑dependent areas of Suffolk County without easy access to shopping, dining, or the LIRR are lagging. Fortunately, the Five Towns have a fantastic rail system that can get you into NYC and back directly.
• With remote work still prevalent, buyers want lifestyle convenience — not isolation.
• These condos often appeal only to very price‑sensitive buyers, limiting demand.

📊 Market Data Snapshot (2024–2025)

• Median Long Island home price: $716,000 (up 10.1% YoY)
• Nassau County median: $685,000 (up 6% YoY)
• Suffolk County median: $550,000 (up 5% YoY)
• Condos near transit and in newer developments are selling at or above asking price, while older units in high‑tax or less convenient areas are taking longer to move.

🧭 What This Means for Buyers & Sellers

• Buyers: Focus on location and amenities. A slightly higher purchase price near transit or with modern features may save you money long‑term in resale value and convenience.
• Sellers: If your condo is older, invest in cosmetic upgrades (kitchens, baths, flooring) to compete. Highlight lifestyle benefits — proximity to parks, schools, or community amenities. We can assess your condo and give you honest feedback about which improvements are likely to get your money back.
• Investors: Transit‑oriented and luxury waterfront condos remain the safest bets for appreciation and rental demand.

🏡 Final Word

The Long Island housing and condo market is bifurcated: new, well‑located, amenity‑rich condos are thriving, while dated, high‑tax, or poorly located units are struggling. For buyers, this creates opportunities to find value in overlooked properties if you’re willing to renovate. For sellers, it underscores the importance of positioning your condo not just as a home, but as a lifestyle investment. Call Five Town Homes & Living to help you find the right condo for you! We specialize in the Long Island home price market 516-342-0056 or 561-901-9232

Joey Frankel/Sandra Carl Team-Licensed Real Estate Agents

Joey Frankel, a native of the Five Towns, Long Island with years of real estate experience is a social media expert, who will get your home the maximum exposure it needs. She is also a dual agent for both Manhattan and Long Island. Joey will bring you young professionals who are seeking the suburban lifestyle.

Sandy Carl is a native of the Five Towns Long Island and familiar with the surrounding communities and school districts on Long Island. She brings over 15 years of event sales experience and real estate with a keen eye for design and home renovations.

Frankel/Carl Team at Douglas Elliman Real Estate
Office: 561-901-9232 |516-342-0056

www.fivetownhomesandliving.com