$2,375 Closing Credit*
$200,000
952 SqFt
1 Bed
•1 Full Bath
Listing Office: RE/MAX Town & Country
Is Mohegan Lake, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mohegan Lake was a Buyer's Market.
Key Takeaway
Mohegan Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mohegan Lake, NY
How much do homes in Mohegan Lake, NY cost?
Median Sold Price
$490,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+10.1%)
Key Takeaway
Homes in Mohegan Lake have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Mohegan Lake was $490,000 in November 2024, up 10.1% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $312.5K | +42.0% |
| 2 Bedrooms | $375K | $432.5K | +15.3% |
| 3 Bedrooms | $516.5K | $635K | +22.9% |
| 4 Bedrooms | $717.5K | $790K | +10.1% |
| 5+ Bedrooms | $745K | $750K | +0.7% |
Summary: Mohegan Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Yorktown Heights | $566.6K | $665.6K | +17.5% |
| Cortlandt Manor | $540K | $630K | +16.7% |
| Yorktown | $574.1K | $649K | +13.0% |
| Mohegan Lake | $445K | $490K | +10.1% |
Housing Supply in Mohegan Lake, NY
How many homes are available in Mohegan Lake, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The Mohegan Lake real estate market had 20 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mohegan Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mohegan Lake, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mohegan Lake in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Mohegan Lake, NY
How long does it take to sell a home in Mohegan Lake, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 33 Days | -33.4% |
Summary: Homes in Mohegan Lake had an average of 33 days on market in Nov 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mohegan Lake has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Mohegan Lake; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.