Is Lake Luzerne, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Luzerne was a Seller's Market.
Housing Prices in Lake Luzerne, NY
How much do homes in Lake Luzerne, NY cost?
Median Sold Price
$261,750
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Luzerne was $261,750 in April 2024, down 1.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $69K | -31.0% |
2 Bedrooms | $187.1K | $183.7K | -1.8% |
3 Bedrooms | $262.5K | $270K | +2.9% |
4 Bedrooms | $375K | $395K | +5.3% |
5+ Bedrooms | $425K | $525K | +23.5% |
Summary: Lake Luzerne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
Hadley | $257.5K | $330K | +28.2% |
Gansevoort | $425K | $449.2K | +5.7% |
Moreau | $282.4K | $290K | +2.7% |
Corinth | $236K | $240K | +1.7% |
Lake Luzerne | $265K | $261.7K | -1.2% |
Housing Supply in Lake Luzerne, NY
How many homes are available in Lake Luzerne, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The Lake Luzerne real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lake Luzerne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lake Luzerne in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Lake Luzerne, NY
How long does it take to sell a home in Lake Luzerne, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 25 Days | +19.0% |
Summary: Homes in Lake Luzerne had an average of 25 days on market in Apr 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Lake Luzerne; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.