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There are currently 2,092 real estate properties in Locust Valley, NY, with a median automated valuation model (AVM) price of $1,020,665.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Locust Valley, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Locust Valley, NY, is $1,552,792.00, with the most expensive house in Locust Valley, NY, topping out at $27,406,900.00 and the cheapest home in Locust Valley, NY, clocking in at $117,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Locust Valley, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Locust Valley, NY, is on a rollercoaster ride. The average rent price in Locust Valley, NY, is $3,705.00. Indeed, when looking to rent in Locust Valley, NY, you can expect to pay as little as $1,800.00 or as much as $7,250.00, with the average rent median estimated to be $3,390.00. The good news is that finding an affordable and desirable property to rent in Locust Valley, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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