$5,569 Closing Credit*
$469,000
1,524 SqFt
3 Beds
•2 Full Baths
Lucas J Weston, Listing Office: KW Platform
Is Lake George, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lake George has remained a Seller's Market.
Key Takeaway
Lake George is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake George, NY
How much do homes in Lake George, NY cost?
Median Sold Price
$508,600
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$2,400(-0.5%)
Key Takeaway
The sold price of homes in Lake George has remained the same since last year.
Summary: The median home sold price in Lake George was $508,600 in December 2024, down 0.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $641K | $680K | +6.1% |
| 2 Bedrooms | $155K | $297.5K | +91.9% |
| 3 Bedrooms | $570K | $526.1K | -7.7% |
| 4 Bedrooms | $530K | $725K | +36.8% |
| 5+ Bedrooms | $960.5K | $737.5K | -23.2% |
Summary: Lake George housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 91.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 23.2%.
Housing Supply in Lake George, NY
How many homes are available in Lake George, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Summary: The Lake George real estate market had 32 homes for sale in December 2024, a 15.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lake George housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake George, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lake George in December 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lake George, NY
How long does it take to sell a home in Lake George, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 64 Days | 50 Days | -20.8% |
Summary: Homes in Lake George had an average of 50 days on market in Dec 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake George are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Lake George; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally