Published June 3, 2025

🏡 Is It the Right Time to Sell My Home?

Written by Kenny Williams

🏡 Is It the Right Time to Sell My Home?

A Guide and Key Indicators for Long Island Homeowners in 2025

Selling your home is a major decision—especially in a shifting market like Long Island. Whether you’re upgrading, downsizing, or relocating, knowing when to list your home can significantly impact your financial return, timeline, and peace of mind.

Here are the most important indicators to help you decide if now is the right time to sell:

1. 📈 Long Island Home Prices Are Still Holding Strong

In 2025, Long Island continues to see healthy home prices despite economic uncertainty:

Nassau County median price: ~$795K–$810K
Suffolk County median price: ~$680K (up 13.3% year-over-year)

With demand still relatively high and limited inventory, sellers are still seeing strong offers—especially in well-kept or renovated homes.

✅ Good Sign: If you've owned your home for several years, you're likely sitting on significant equity.

2. 💸 Mortgage Rates Remain High—But Stable

It's been a volatile season for interest rates. As of June 3, 2025, average mortgage rates are:

30-year fixed: 6.93%
15-year fixed: 6.11%
Jumbo loans & refi options: ~6.97%
(Source: Bankrate)

With the Federal Reserve maintaining a “wait-and-see” approach due to inflation, trade concerns, and recession risks, rates are expected to hover between 6.5% and 7% in the near term. This means:

Buyers are still actively shopping, before rates potentially climb higher.
You as a seller may benefit from listing now, before affordability pressures dampen demand later this year.

✅ Good Sign: You're ready to sell now and avoid risk if rates rise again or buyer activity slows.

3. 🏘️ Low Inventory Keeps You Competitive

Despite higher borrowing costs, inventory on Long Island remains tight. In many neighborhoods, well-priced homes are still receiving competitive offers—particularly if they’re updated and move-in ready.

✅ Good Sign: You have limited competition in your area, and homes like yours are moving quickly.

4. 🛠️ You've Invested in Updates Buyers Love

With fewer buyers willing to tackle renovations due to cost and complexity, turnkey homes have become especially attractive. If you've upgraded kitchens, bathrooms, or major systems, you're positioned to stand out.

✅ Good Sign: Your home is move-in ready and aligns with current buyer preferences.

5. 👨‍👩‍👧‍👦 Your Lifestyle Needs Have Changed

Sometimes the best reason to sell isn't the market—it’s your life. Whether you’re relocating for work, need more space, or are ready for something simpler, timing the market is secondary to timing your own needs.

✅ Good Sign: You’re financially and emotionally ready for the next chapter.