Is Lake View, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lake View was a Neutral Market.
Key Takeaway
Lake View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake View, NY
How much do homes in Lake View, NY cost?
Median Sold Price
$305,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lake View have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Lake View was $305,000 in March 2024, up 6.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201K | $207K | +3.0% |
| 3 Bedrooms | $260K | $300K | +15.4% |
| 4 Bedrooms | $335K | $397.5K | +18.7% |
| 5+ Bedrooms | $351K | $425K | +21.1% |
Summary: Lake View housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Lake View | $287.5K | $305K | +6.1% |
| Derby | $209K | $215K | +2.9% |
| Eden | $267.4K | $275K | +2.8% |
| Evans | $189.9K | $195K | +2.7% |
Housing Supply in Lake View, NY
How many homes are available in Lake View, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Lake View real estate market had 18 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake View housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake View, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lake View in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Lake View, NY
How long does it take to sell a home in Lake View, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 21 Days | +202.4% |
Summary: Homes in Lake View had an average of 21 days on market in Mar 2024, up by 202.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake View are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Lake View; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
