$6,828 Closing Credit*
$575,000
3,216 SqFt
6 Beds
•1 Full Bath, 1 Partial
Gary Glebus, Listing Office: Glebus Realty Inc.
Is Schroon Lake, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Schroon Lake was a Seller's Market.
Key Takeaway
Schroon Lake 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 Schroon Lake, NY
How much do homes in Schroon Lake, NY cost?
Median Sold Price
$312,450
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,450(+15.7%)
Key Takeaway
Homes in Schroon Lake have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Schroon Lake was $312,450 in October 2024, up 15.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $183K | +109.1% |
| 2 Bedrooms | $217.2K | $210K | -3.3% |
| 3 Bedrooms | $375K | $277.5K | -26.0% |
| 4 Bedrooms | $253.9K | $330K | +30.0% |
| 5+ Bedrooms | $807K | $824.2K | +2.1% |
Summary: Schroon Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.1%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 26%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Schroon Lake | $270K | $312.4K | +15.7% |
| Schroon | $332.4K | $300K | -9.8% |
Housing Supply in Schroon Lake, NY
How many homes are available in Schroon Lake, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Schroon Lake real estate market had 19 homes for sale in October 2024, a 17.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Schroon Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Schroon Lake, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Schroon Lake in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Schroon Lake, NY
How long does it take to sell a home in Schroon Lake, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 27 Days | +88.6% |
Summary: Homes in Schroon Lake had an average of 27 days on market in Oct 2024, up by 88.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schroon Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Schroon Lake; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.