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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sand Lake is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Sand Lake was a Seller's Market.

Key Takeaway

Sand Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sand Lake, NY

How much do homes in Sand Lake, NY cost?

Median Sold Price

$351,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,125(+4.2%)

Key Takeaway

Homes in Sand Lake have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Sand Lake was $351,000 in April 2024, up 4.2% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$366K
N/A
2 $254K$249.9K
-1.6%
3 $301.7K$319.2K
+5.8%
4 $390K$397.5K
+1.9%
5+ $660K$419.9K
-36.4%

Summary: Sand Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 36.4%.

Median Sold Price Compared To Nearby Cities

Wynantskill
+25.9%
Sand Lake
+4.2%
Averill Park
0.2%

Housing Supply in Sand Lake, NY

How many homes are available in Sand Lake, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1713-23.5%

Summary: The Sand Lake real estate market had 13 homes for sale in April 2024, a 23.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 75
-28.6%
4 64
-33.3%
5+ 22
0.0%

Summary: The Sand Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sand Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sand Lake in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Sand Lake, NY

How long does it take to sell a home in Sand Lake, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
69 Days10 Days-84.8%

Summary: Homes in Sand Lake had an average of 10 days on market in Apr 2024, down by 84.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sand Lake are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Sand Lake; 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.

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

Report Updated 19 Days Ago

Newest Listings in Sand Lake, NY

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