Is Lumberland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lumberland was a Seller's Market.
Housing Prices in Lumberland, NY
How much do homes in Lumberland, NY cost?
Median Sold Price
$360,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lumberland was $360,000 in May 2024, up 8.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329K | - | N/A |
2 Bedrooms | $226.5K | $315K | +39.1% |
3 Bedrooms | $350K | $350K | 0.0% |
4 Bedrooms | $372.5K | $345K | -7.4% |
5+ Bedrooms | - | $597K | N/A |
Summary: Lumberland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Glen Spey | $316K | $345K | +9.2% |
Lumberland | $332K | $360K | +8.4% |
Sparrow Bush | $296K | $310K | +4.7% |
Housing Supply in Lumberland, NY
How many homes are available in Lumberland, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Summary: The Lumberland real estate market had 27 homes for sale in May 2024, a 22.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lumberland housing inventory by bedroom type for May 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 23.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Lumberland in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lumberland, NY
How long does it take to sell a home in Lumberland, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 63 Days | +313.1% |
Summary: Homes in Lumberland had an average of 63 days on market in May 2024, up by 313.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Lumberland; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.