$2,999,000
2,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
Patricia K Savage, Listing Office: Premier Properties Lake George
Is 12814, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 12814 was a Neutral Market.
Key Takeaway
12814 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 12814, NY
How much do homes in 12814, NY cost?
Median Sold Price
$565,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$434,999(-43.5%)
Key Takeaway
Homes in 12814 have sold for 43.5% less than they did a year ago.
Summary: The median home sold price in 12814 was $565,000 in October 2024, down 43.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $439K | $800K | +82.2% |
| 3 Bedrooms | $850K | $611.2K | -28.1% |
| 4 Bedrooms | $999.9K | $565K | -43.5% |
| 5+ Bedrooms | $3.7M | $910K | -75.5% |
Summary: 12814 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 82.2%, 3 bedroom homes decreased by 28.1%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes decreased by 75.5%.
Median Sold Price Compared To Nearby Zip Codes
| 12885 | $194.7K | $259.6K | +33.4% |
| 12824 | $585K | $485K | -17.1% |
| 12814 | $999.9K | $565K | -43.5% |
Housing Supply in 12814, NY
How many homes are available in 12814, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The 12814 real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 12814 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12814, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 12814 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 12814, NY
How long does it take to sell a home in 12814, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 442 Days | 44 Days | -90.0% |
Summary: Homes in 12814 had an average of 44 days on market in Oct 2024, down by 90% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 12814 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 12814; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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