$5,700 Closing Credit*
$479,999
950 SqFt
2 Beds
•1 Full Bath
Listing Office: Mint Homes LI LLC
Is Lake Grove, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Grove has remained a Seller's Market.
Key Takeaway
Lake Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Grove, NY
How much do homes in Lake Grove, NY cost?
Median Sold Price
$645,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+7.1%)
Key Takeaway
Homes in Lake Grove have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Lake Grove was $645,000 in November 2024, up 7.1% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $325K | -7.1% |
| 2 Bedrooms | $530K | $467.5K | -11.8% |
| 3 Bedrooms | $534.9K | $597K | +11.6% |
| 4 Bedrooms | $650K | $690K | +6.2% |
| 5+ Bedrooms | $664.5K | $765K | +15.1% |
Summary: Lake Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Brookhaven | $488.8K | $547.5K | +12.0% |
| Smithtown | $670.2K | $727.9K | +8.6% |
| Lake Grove | $602.5K | $645K | +7.1% |
Housing Supply in Lake Grove, NY
How many homes are available in Lake Grove, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Summary: The Lake Grove real estate market had 49 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Lake Grove 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Grove, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lake Grove in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Lake Grove, NY
How long does it take to sell a home in Lake Grove, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 84 Days | +189.0% |
Summary: Homes in Lake Grove had an average of 84 days on market in Nov 2024, up by 189% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Grove has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Lake Grove; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.