Is Lake View, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake View has remained a Seller's Market.
Key Takeaway
Lake View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake View, NY
How much do homes in Lake View, NY cost?
Median Sold Price
$315,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake View have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Lake View was $315,000 in May 2024, up 10.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201K | $188K | -6.5% |
| 3 Bedrooms | $256.1K | $310K | +21.0% |
| 4 Bedrooms | $325K | $406.3K | +25.0% |
| 5+ Bedrooms | $351K | $425K | +21.1% |
Summary: Lake View housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Lake View | $285K | $315K | +10.5% |
| Derby | $200.5K | $218K | +8.7% |
| Evans | $189K | $203.2K | +7.5% |
| Eden | $267.4K | $274.9K | +2.8% |
Housing Supply in Lake View, NY
How many homes are available in Lake View, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Lake View real estate market had 21 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lake View housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake View, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Lake View in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lake View, NY
How long does it take to sell a home in Lake View, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 9 Days | -14.7% |
Summary: Homes in Lake View had an average of 9 days on market in May 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake View are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Lake View; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
