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

Housing Market Conditions



Gauge showing Lake Grove is a 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



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

# BEDSFeb 2022Feb 2023%
1 $335K-
2 $421.5K$432.5K
3 $465K$525.5K
4 $577.5K$620K
5+ $737K$767K

Median Sold Price Compared To Nearby Cities

Lake Grove

How many homes are available in Lake Grove, NY?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 1313
3 68
4 1819
5+ 1613

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Feb 2023%
36 Days68 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lake Grove are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Lake Grove, NY

Homes for sale in Lake Grove, NY have reached 53. The median list price of listings available in February 2023 was $565,000, while the average time on the real estate market was 68 days. Listing prices have changed in this real estate market between January 2023 and February 2023: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 2.6%, prices of 3 bedrooms properties went up by 13%, prices of 4 bedrooms properties increased by 7.4%, prices of 5 bedrooms properties increased by 4.1%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went up by 33.3%, 4 bedrooms homes became 5.6% more available, 5 bedrooms homes inventory decreased by 18.8%. Lake Grove, NY housing market in February 2023 saw over 4 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.

Related Housing Market Reports