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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sand Lake is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sand Lake has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sand Lake, NY

How much do homes in Sand Lake, NY cost?

Median Sold Price

$400,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,000(+13.6%)

Key Takeaway

Homes in Sand Lake have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Sand Lake was $400,000 in November 2024, up 13.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $366K$140K
-61.7%
2 $249.9K$280K
+12.0%
3 $350K$400K
+14.3%
4 $361.2K$445K
+23.2%
5+ $442.3K$375K
-15.2%

Summary: Sand Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.7%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 15.2%.

Median Sold Price Compared To Nearby Cities

Poestenkill
+18.3%
Sand Lake
+13.6%
Averill Park
+8.6%
Wynantskill
+2.8%

Housing Supply in Sand Lake, NY

How many homes are available in Sand Lake, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3227-15.6%

Summary: The Sand Lake real estate market had 27 homes for sale in November 2024, a 15.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1110
-9.1%
4 1210
-16.7%
5+ 53
-40.0%

Summary: The Sand Lake 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 decreased by 9.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sand Lake, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Sand Lake in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Sand Lake, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days14 Days+97.2%

Summary: Homes in Sand Lake had an average of 14 days on market in Nov 2024, up by 97.2% compared to last year.

Breakdown of Home Sale Times

6 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

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

Summary: During November 2024, 8 homes were sold in Sand Lake; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

Newest Listings in Sand Lake, NY

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