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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Lake is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Greenwood Lake was a Neutral Market.

Key Takeaway

Greenwood Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenwood Lake, NY

How much do homes in Greenwood Lake, NY cost?

Median Sold Price

$440,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,550(+1.7%)

Key Takeaway

Homes in Greenwood Lake have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Greenwood Lake was $440,000 in November 2024, up 1.7% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $307K$279.9K
-8.8%
2 $345.5K$405K
+17.2%
3 $450K$459K
+2.0%
4 $538.5K$556K
+3.2%
5+ $646.2K$869K
+34.5%

Summary: Greenwood Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 34.5%.

Housing Supply in Greenwood Lake, NY

How many homes are available in Greenwood Lake, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4730-36.2%

Summary: The Greenwood Lake real estate market had 30 homes for sale in November 2024, a 36.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1611
-31.3%
3 2314
-39.1%
4 63
-50.0%
5+ 11
0.0%

Summary: The Greenwood Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 39.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Greenwood Lake in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Greenwood Lake, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
76 Days65 Days-14.3%

Summary: Homes in Greenwood Lake had an average of 65 days on market in Nov 2024, down by 14.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greenwood Lake has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Greenwood Lake; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

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