Is Greenwood Lake, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Greenwood Lake was a Seller's Market.
Housing Prices in Greenwood Lake, NY
How much do homes in Greenwood Lake, NY cost?
Median Sold Price
$422,500
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenwood Lake was $422,500 in May 2024, up 18.8% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $214.9K | -20.4% |
2 Bedrooms | $315K | $335K | +6.3% |
3 Bedrooms | $390.2K | $444.9K | +14.0% |
4 Bedrooms | $388.2K | $591K | +52.2% |
5+ Bedrooms | $646.2K | $575K | -11.0% |
Summary: Greenwood Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes decreased by 11%.
Housing Supply in Greenwood Lake, NY
How many homes are available in Greenwood Lake, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 41 | +24.2% |
Summary: The Greenwood Lake real estate market had 41 homes for sale in May 2024, a 24.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 3 | 8 | +166.7% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Greenwood Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 166.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Greenwood Lake in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Greenwood Lake, NY
How long does it take to sell a home in Greenwood Lake, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 122 Days | +45.5% |
Summary: Homes in Greenwood Lake had an average of 122 days on market in May 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Greenwood Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.