Is Locust Valley a buyer's or seller's market right now?

Locust Valley is currently a balanced market with 4 months of supply. Homes are selling at 97.8% of list price. The Ridley Sell Score for Locust Valley is 46/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Locust Valley?

The median home price in Locust Valley is $769,000, down 39.5% year-over-year. The median price per square foot is $473. Homes sell in a median of 42 days with a sale-to-list ratio of 97.8%.

How much does it cost to sell a home in Locust Valley, New York?

On a $769,000 home in Locust Valley, a traditional listing agent charges around $23,070 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $61,520 or more. With Ridley Essentials ($999) you save $22,071, and with Ridley Pro ($3,499) you save $19,571 while getting full agent support.

How does Ridley's flat fee compare to a traditional Locust Valley agent?

A traditional Locust Valley listing agent typically charges 3% of the sale price — about $23,070 on a $769,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $22,071–$19,571 compared to a traditional agent.

How long does it take to sell a home in Locust Valley?

The median home in Locust Valley currently spends 42 days on the market before going under contract, down 34% from last year. At a 97.8% sale-to-list ratio, sellers are seeing some negotiation. Only 12.5% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in New York?

No. New York does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $769,000 home, that could save you up to $19,571.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New York. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $23,070 commission.

National/New York

Locust Valley, NY

Is Now a Good Time to Sell in Locust Valley, New York?

The median home in Locust Valley sells for $769,000 with prices down 39.5% year-over-year. The average seller pays $23,070 in commissions — Ridley’s flat fee saves you $19,571.

Locust Valley Real Estate Market Conditions — April 2026

46out of 100

Ridley Sell Score

How it's scored →

Cooling

46/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Locust Valley market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. New York average is 2.4.

Price MomentumFavors buyers

Prices down 39.5% year-over-year — vs. +16.2% statewide.

Seller LeverageNeutral

Homes selling at 97.8% of asking — buyers are negotiating 2.2% below list. New York average is 98.4%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the New York average of 33.9%.

Sale SpeedFavors sellers

42 median days on market — 34 days faster than the New York average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 16.2% statewide.

Price StabilityNeutral

Only 12.5% of listings have dropped their price — sellers are holding firm. New York average is 13.1%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$769,000

-39.5%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-34%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$473

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

97.8%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Balanced

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Price Drops

Percentage of active listings that had a price reduction.

12.5%

Well-priced market

12-Month Price Trend

$855,000 → $769,000

▼10.1%

$1.6M$1.4M$1.2M$1.0M$800K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Locust Valley — delivered monthly.

Your savings

How much can you save selling your home in Locust Valley?

The average Locust Valley homeowner saves $19,571 by selling with Ridley instead of paying the traditional 3% listing commission on a $769,000 home.

$0Estimated savings

That's a dream family vacation — save 2.5% of your home value

Your Locust Valley home value

$769,000

$50,000$10M

Traditional Agent (3%)

$23,070

Ridley Pro (flat fee)

$3,499

Ready to sell in Locust Valley?

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Cost comparison

How much does it cost to sell a house in Locust Valley?

The total cost to sell a house in Locust Valley in 2026 ranges from $999 with Ridley Essentials to approximately $23,070 with a traditional 3% commission on a $769,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$23,070	$3,499	$999	$0
Buyer agent	$21,5322.8% avg	$15,380~2% avg	$15,380~2% avg	$21,5322.8% avg
Closing costs (~1.5%)	$11,535	$11,535	$11,535	$11,535
Total cost	$56,137	$30,414	$27,914	$33,067
Net proceeds	$712,863	$738,586	$741,086	$735,933
You save	—	$25,723	$28,223	$23,070No support