Is Greenwood Lake, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Lake is a buyer's market

Buyer's
Market

Difference Since August 2022

At the same time last year, Greenwood Lake was a Seller's Market.

Key Takeaway

Greenwood Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices

How much do homes in Greenwood Lake, NY cost?

Median Sold Price

$381,750

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$46,750(+14.0%)

Key Takeaway

Homes in Greenwood Lake have sold for 14% more than they did a year ago.

Summary: The median home sold price in Greenwood Lake was $381,750 in August 2023, up 14% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $175K$271.7K
+55.3%
2 $297K$360K
+21.2%
3 $368K$444.9K
+20.9%
4 $440K$388.2K
-11.8%
5+ $725K$630K
-13.1%

Summary: Greenwood Lake housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 55.3%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 13.1%.

Housing Supply

How many homes are available in Greenwood Lake, NY?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
4947-4.1%

Summary: The Greenwood Lake real estate market had 47 homes for sale in August 2023, a 4.1% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 55
0.0%
2 1514
-6.7%
3 2121
0.0%
4 76
-14.3%
5+ 11
0.0%

Summary: The Greenwood Lake housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Greenwood Lake in August 2023, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market

How long does it take to sell a home in Greenwood Lake, NY?

Average Sale Time

Aug 2022Aug 2023CHANGE
44 Days60 Days+37.5%

Summary: Homes in Greenwood Lake had an average of 60 days on market in Aug 2023, up by 37.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greenwood Lake has remained consistent over time.

Summary: During August 2023, 6 homes were sold in Greenwood Lake; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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