Is Greenwood Lake, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Greenwood Lake has remained a Buyer's Market.
Housing Prices in Greenwood Lake, NY
How much do homes in Greenwood Lake, NY cost?
Median Sold Price
$425,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Greenwood Lake was $425,000 in March 2024, up 21.4% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $150K | -44.4% |
2 Bedrooms | $315K | $332.5K | +5.6% |
3 Bedrooms | $375K | $450K | +20.0% |
4 Bedrooms | $356.5K | $562.5K | +57.8% |
5+ Bedrooms | $646.2K | - | N/A |
Summary: Greenwood Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 57.8%, and 5+ bedroom homes did not change.
Housing Supply in Greenwood Lake, NY
How many homes are available in Greenwood Lake, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Summary: The Greenwood Lake real estate market had 30 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Greenwood Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Greenwood Lake in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Greenwood Lake, NY
How long does it take to sell a home in Greenwood Lake, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 143 Days | +677.0% |
Summary: Homes in Greenwood Lake had an average of 143 days on market in Mar 2024, up by 677% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Greenwood Lake; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.