Is Lake Grove, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, Lake Grove was a Neutral Market.
Key Takeaway
Lake Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Lake Grove, NY cost?
Median Sold Price
$565,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
Key Takeaway
Homes in Lake Grove have sold for 7.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $335K | - | N/A |
| 2 Bedrooms | $421.5K | $432.5K | +2.6% |
| 3 Bedrooms | $465K | $525.5K | +13.0% |
| 4 Bedrooms | $577.5K | $620K | +7.4% |
| 5+ Bedrooms | $737K | $767K | +4.1% |
Median Sold Price Compared To Nearby Cities
| Brookhaven | $435.6K | $470K | +7.9% |
| Lake Grove | $525K | $565K | +7.6% |
| Smithtown | $610.7K | $641.4K | +5.0% |
How many homes are available in Lake Grove, NY?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 53 | 53 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Grove, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 36 Days | 68 Days | +86.1% |
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
Key Takeaway
Most homes in Lake Grove are taking a long time to sell, it's a good idea to negotiate on homes here.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.