Jericho Housing Update: Prices Hold Above $1.2M as Inventory Stays Tight
Jericho, NY – March 10, 2026 – Home values remain above $1.2M with limited inventory and fast sales shaping a competitive early-spring market.
Top takeaways
- Typical home value around $1.21M, up 4.6% year over year.
- Median sale price near $1.17M–$1.20M in recent reports.
- Homes selling in about 21 days on average.
- Roughly three dozen homes listed at the end of January.
Market snapshot
Jericho remains a high-demand North Shore market as the spring season approaches. Zillow reports a typical home value of $1,207,913, up 4.6% from a year earlier (data through January 31, 2026). Inventory stood at 34 homes with 6 new listings at month’s end, keeping overall supply limited.
Redfin data for January 2026 shows a median sale price around $1.17M to $1.20M, up 2.2% year over year. Homes are moving quickly, averaging about 21 days on market, significantly faster than last year. However, only five homes sold in January, down from 12 a year ago, underscoring how constrained inventory is influencing transaction volume.
What’s for sale
Current listings largely reflect Jericho’s established profile: four- and five-bedroom Colonials, split-levels, and newer construction homes replacing older properties. Homes.com indicates a median list price around $1.3M as of February 2026, with many properties featuring updated kitchens, large lots, and proximity to major commuter routes.
Price points generally begin just under $1M for smaller or older homes and climb well above $2M for newer builds and expanded residences. With limited options available, well-priced properties continue to attract strong interest.
Outlook
Low inventory and steady price gains suggest sellers retain leverage heading into spring. Buyers may face competition, especially for move-in-ready homes within sought-after school zones. Unless listing activity accelerates in the coming weeks, conditions are likely to remain competitive.
Are you seeing more open house traffic or multiple-offer situations in your neighborhood?
Sources
https://www.zillow.com/home-values/5343/jericho-ny/
https://www.redfin.com/city/23615/NY/Jericho/housing-market
https://www.homes.com/jericho-ny/houses-for-sale/