List price and sale price are close enough to matter, but not close enough to ignore.
If you're buying in Lindenhurst, NY and wondering whether asking prices are telling the full story, they are not. The better answer comes from comparing what sellers wanted, what buyers paid, and how quickly homes moved once they were priced well.
Last month in Lindenhurst, NY, the typical asking price was $699,000 and the typical closed price was $669,000. At the same time, recent offers landed at 102.1% of asking and a typical sale took 40 days. That mix tells me the market is not giving buyers a simple discount story or a simple overbidding story. It is more selective than that.
My interpretation is that buyers need to evaluate each home on its own price position instead of assuming all listings are overpriced or all listings will attract bidding pressure. Some homes are clearly stretching. Others are getting strong offers. The recent numbers support a disciplined, case-by-case approach in Lindenhurst, NY.
Compare every target home against recent closes first. Do not ignore the recent 102.1% of asking result when a home is well positioned. Keep your budget firm, and be ready to leave room for competition only on the properties you truly want.
