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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kiamesha Lake is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Kiamesha Lake, NY

How much do homes in Kiamesha Lake, NY cost?

Median Sold Price

$175,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,500(+14.0%)

Key Takeaway

Homes in Kiamesha Lake have sold for 14% more than they did a year ago.

Summary: The median home sold price in Kiamesha Lake was $175,000 in October 2024, up 14% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $158.2K$250K
+58.0%
3 $159.5K$175K
+9.7%
4 $150K$195K
+30.0%
5+ --
N/A

Summary: Kiamesha Lake 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 58%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thompson
+22.9%
Kiamesha Lake
+14.0%
South Fallsburg
+13.2%
Fallsburg
+7.0%

Housing Supply in Kiamesha Lake, NY

How many homes are available in Kiamesha Lake, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78+14.3%

Summary: The Kiamesha 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 00
0.0%
2 11
0.0%
3 45
+25.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Kiamesha Lake 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

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 Kiamesha 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 Kiamesha Lake in October 2024, up by 100.0% 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 Kiamesha Lake, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
150 Days51 Days-66.0%

Summary: Homes in Kiamesha Lake had an average of 51 days on market in Oct 2024, down by 66% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Kiamesha Lake; 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.

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

Report Updated 21 Days Ago

Newest Listings in Kiamesha Lake, NY

Nearby Markets to Kiamesha Lake, NY

What housing markets are near Kiamesha Lake, NY?