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 seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Greenwood Lake has remained a Seller's Market.

Key Takeaway

Greenwood Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Greenwood Lake, NY cost?

Median Sold Price

$335,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$10,000(+3.1%)

Key Takeaway

Homes in Greenwood Lake have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $219.4K$222.5K
+1.4%
2 $272K$290K
+6.6%
3 $349K$350K
0.3%
4 $322.5K$420.5K
+30.4%
5+ $550K$725K
+31.8%

How many homes are available in Greenwood Lake, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
3032+6.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 23
+50.0%
2 98
-11.1%
3 1212
0.0%
4 57
+40.0%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 42.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
24 Days51 Days+108.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Greenwood Lake, NY

Homes for sale in Greenwood Lake, NY have reached 32. The number of homes for sale in Greenwood Lake, NY increased by 6.7% between September 2022 and October 2022. Listings spent 51 days on the market in October 2022, and had a median list price of $335,000 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 1.4%, prices of 2 bedrooms properties went up by 6.6%, 3 bedrooms properties became 0.3% more expensive, 4 bedrooms properties prices increased by 30.4%, 5 bedrooms properties prices increased by 31.8%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 50%, volume of 2 bedrooms homes went down by 11.1%, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes went up by 40%, volume of 5 bedrooms homes stayed the same. While more than 3 listings in Greenwood Lake, NY in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.