Building a house on Long Island instead of buying is more expensive, but many say it's worth it
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Building a house on Long Island can be more expensive than buying, but many homeowners find it worth the cost for a customized home. The median single-family home price on Long Island is around $850,000 in Nassau and $685,000 in Suffolk, driving some buyers to consider new construction.
On Long Island, building a house can be more expensive than buying, but many homeowners find it worth the cost. The median single-family home price is around $850,000 in Nassau and $685,000 in Suffolk. Mukesh Kumar and his family built a customized home in Nesconset for $1.44 million. The Long Island Builders Institute found that the total number of building permits dropped from 6,618 in 2005 to 2,237 in 2024. Low inventory is driving up prices, leading more buyers to consider new construction. Buyers can work with developers to customize their homes, getting involved in the building process based on need, timing, and budget.
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