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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Caroga Lake is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Caroga Lake was a Neutral Market.

Key Takeaway

Caroga Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Caroga Lake, NY

How much do homes in Caroga Lake, NY cost?

Median Sold Price

$415,000

$280/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$165,100(+66.1%)

Key Takeaway

Homes in Caroga Lake have sold for 66.1% more than they did a month ago.

Summary: The median home sold price in Caroga Lake was $415,000 in October 2024, up 66.1% from last month, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $249.9K$415K
+66.1%
4 --
N/A
5+ --
N/A

Summary: Caroga Lake housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 66.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Caroga Lake
+66.1%
Caroga
+66.1%

Housing Supply in Caroga Lake, NY

How many homes are available in Caroga Lake, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78+14.3%

Summary: The Caroga Lake real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 21
-50.0%
4 11
0.0%
5+ 11
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Caroga Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Caroga Lake in October 2024, the same as the previous 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 Caroga Lake, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days26 Days+1200.0%

Summary: Homes in Caroga Lake had an average of 26 days on market in Oct 2024, up by 1200% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Caroga Lake are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Caroga 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 23 Days Ago

Newest Listings in Caroga Lake, NY

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