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Boomtown in Long Island! House prices surge by as much as 82% in a year with buyers bidding $40K over asking price as pandemic drives New York exodus Luxury Hamptons getaways are being snapped up as soon as they hit the market with hopeful buyers facing competition from around a dozen other bidders per property The median house price on Long Island is up by 15.4% in the last quarter of 2020 compared to 2019 Popular areas of Locust Valley, Lindenhurst, Westbury, Freeport, Stony Brook and Medford are witnessing a surge by at least 15%  Prices in Locust Valley are up by around 82% to a median price of $1,037,500 in the last quarter of 2020

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