Is Mohegan Lake, 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, Mohegan Lake was a Buyer's Market.
Housing Prices in Mohegan Lake, NY
How much do homes in Mohegan Lake, NY cost?
Median Sold Price
$440,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mohegan Lake was $440,000 in April 2024, down 4.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206.5K | $232.5K | +12.6% |
2 Bedrooms | $386.5K | $400K | +3.5% |
3 Bedrooms | $521.5K | $500K | -4.1% |
4 Bedrooms | $630K | $725K | +15.1% |
5+ Bedrooms | $650K | $830K | +27.7% |
Summary: Mohegan Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
Shrub Oak | $503.8K | $580.8K | +15.3% |
Cortlandt Manor | $543.3K | $600K | +10.4% |
Yorktown | $569K | $589.6K | +3.6% |
Yorktown Heights | $572.5K | $589K | +2.9% |
Mohegan Lake | $462.5K | $440K | -4.9% |
Housing Supply in Mohegan Lake, NY
How many homes are available in Mohegan Lake, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The Mohegan Lake real estate market had 32 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mohegan Lake 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mohegan Lake in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Mohegan Lake, NY
How long does it take to sell a home in Mohegan Lake, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 32 Days | -4.2% |
Summary: Homes in Mohegan Lake had an average of 32 days on market in Apr 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Mohegan Lake; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.