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Featured local agent — Locust Valley, NY
Sarah Mitchell
Compass Real Estate · Locust Valley, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Locust Valley, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$921,250median sale price
How is the Locust Valley, NY housing market right now?
The median home sale price in Locust Valley, NY is $921,250, up 15.2% year-over-year. Homes sell in an average of 12 days with 10 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Locust Valley a buyer's or seller's market?
Locust Valley, NY is currently a balanced market, based on 5.0 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
12
Fast-moving
Active listings
10
5.0 months supply
Sale-to-list
96.5%
Below asking
What does the Locust Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $921,250 |
| Median list price | $839,000 |
| Year-over-year price change | +15.2% |
| Average days on market | 12 days |
| Active inventory | 10 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $598/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 30.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Locust Valley by property type?
How the Locust Valley, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $921,250 | $598/sq ft | 2 | 12 days |
Source: Redfin · Updated monthly
The Locust Valley housing market is currently classified as a balanced market with a median sale price of $921,250. Prices have risen 15.2% compared to last year, with homes spending an average of 12 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 9.0x provides context for how home values compare to local earning capacity.
Homes for sale in Locust Valley
There are currently 10 homes listed for sale in Locust Valley, New York. The median listing price is $839K.
Active listings
10
Homes on market
Median list price
$839K
Avg. days on market
12
Days until sale
New this week
5
Newly listed
Who lives in Locust Valley?
Population
3,591
Median income
$137,344/yr
Median age
42.6 years
Owner-occupied
75.1%
College grads
54.6%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Locust Valley?
Zillow home value
$1.24M
Price-to-income
9.0x
Source: Zillow Research
What is it like to live in Locust Valley?
Locust Valley is a community of approximately 4K residents with a median age of 42.6 years.The median household income is $137,344, which reflects a relatively affluent area with strong earning potential. 54.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 75.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Locust Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Locust Valley?
4 schools tracked · 1,499 students
The largest public schools serving Locust Valley, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LOCUST VALLEY HIGH SCHOOL
Grades 9-12 · 613 students
LOCUST VALLEY MIDDLE SCHOOL
Grades 6-9 · 442 students
LOCUST VALLEY INTERMEDIATE SCHOOL
Grades 3-5 · 240 students
ANN MACARTHUR PRIMARY
Grades PK-2 · 204 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Locust Valley, NY?
Want a head-to-head view? Compare Locust Valley side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Locust Valley?
The median home sale price in Locust Valley is $921,250, up 15.2% from last year.
How long do homes stay on market in Locust Valley?
Homes typically spend 12 days on market before going under contract.
What is the median income in Locust Valley?
The median household income is $137,344 per year.
Is Locust Valley a buyer's or seller's market?
With 5.0 months of supply, Locust Valley is currently a balanced market.
What is the Zillow home value estimate for Locust Valley?
The Zillow Home Value Index (ZHVI) for Locust Valley is $1.24M, representing the typical home value in the area.
How much does a single-family home cost in Locust Valley?
The median single-family home price in Locust Valley, NY is $921,250 (about $598 per square foot).
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