Hollis, NY housing market update: prices firm, inventory still limited
Hollis, NY – February 27, 2026 – Redfin data shows January’s median sale price at $790K with 43 homes listed; mortgage rates hover near 6.4%.
Hollis housing activity continues to look tight, with prices holding firm while turn-times remain longer than many buyers expect. Recent market stats still point to limited choice for shoppers, even as financing costs remain a major constraint for monthly payments.
Top takeaways
- January 2026 median sale price: about $790K (+15.3% year over year).
- Time to sell: homes averaged 67 days on market.
- Closings: 27 homes sold during the month.
- Active supply: Redfin currently shows 43 homes for sale in the neighborhood.
- Rates: Redfin/Rocket lists the 30-year fixed average at 6.375% (6.651% APR).
Market snapshot
Sale-to-list pricing is running near 99.2%, suggesting most closed deals are still landing close to asking, even as sales volume is down from last year. For buyers, that “near-list” close rate can mean less room for broad discounts on well-positioned homes, while properties that linger may be the ones where negotiation stays more realistic.
The current mix of homes for sale skews toward single-family and small multi-family options, with price points spanning the mid-$600Ks into the $1M+ range. In practice, that range can support different strategies depending on timing: some shoppers focus on value in the lower end of the band, while others compete for turnkey homes that check more boxes.
What to watch next
Heading into spring, a key question is whether listing flow meaningfully expands choices without forcing broad price cuts—especially on homes that sit for 60+ days. Keep an eye on whether days on market stays elevated or starts to compress, and whether the “close to asking” pattern holds if more sellers come to market.
What are you seeing right now: more sellers testing high prices, or more buyers waiting on rates?