Is Lumberland, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lumberland is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lumberland was a Seller's Market.

Key Takeaway

Lumberland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lumberland, NY

How much do homes in Lumberland, NY cost?

Median Sold Price

$409,950

$297/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$19,950(+5.1%)

Key Takeaway

Homes in Lumberland have sold for 5.1% more than they did a month ago.

Summary: The median home sold price in Lumberland was $409,950 in December 2024, up 5.1% from last month, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $250K-
N/A
3 $412K$399.9K
-2.9%
4 $390K$420K
+7.7%
5+ --
N/A

Summary: Lumberland housing prices by bedroom type for December 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 decreased by 2.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sparrow Bush
+22.6%
Lumberland
+5.1%
Glen Spey
+5.1%

Housing Supply in Lumberland, NY

How many homes are available in Lumberland, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3626-27.8%

Summary: The Lumberland real estate market had 26 homes for sale in December 2024, a 27.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 62
-66.7%
3 2419
-20.8%
4 32
-33.3%
5+ 33
0.0%

Summary: The Lumberland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Lumberland in December 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lumberland, NY

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

Average Sale Time

Nov 2024Dec 2024CHANGE
33 Days61 Days+80.2%

Summary: Homes in Lumberland had an average of 61 days on market in Dec 2024, up by 80.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lumberland are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in Lumberland; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in Lumberland, NY

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