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Lake George, NY Housing Market Trends
Lake George, NY, currently has 189 homes for sale, ranging from $2K to $23.5M, with affordable options for 2-bedroom homes. In September 2024, the median listing price was $729K, up 24.2% from last year, with a median price per square foot of $348. The median sold price was $769.7K, with homes selling on average for 1.14% below the asking price. This indicates strong demand and rising property values in the area.
The Lake George housing market is not highly competitive, with homes typically selling in about 76 days. Multiple offers are uncommon, and most homes sell for around 1.14% below the list price, going pending in roughly 76 days. However, "hot homes" can sell faster, going under contract in about 42 days and selling for around 1% above the list price. This slower market pace offers more negotiation opportunities for buyers.
Nationwide, 0.39% of homebuyers are looking to relocate to Lake George from other metropolitan areas. New York homebuyers show the highest interest in moving to Lake George, followed by those from Syracuse and Washington. This reflects Lake George’s appeal as a desirable destination for those seeking a peaceful retreat or a second home in a scenic setting.
Whether you're just starting your search or ready to make a move, our team is here to guide you through the Lake George real estate market. With our local knowledge and commitment to helping you find the right property, we're available to answer any questions or provide further insights. Reach out today to schedule a consultation and start your journey to owning a home in this beautiful region!
Explore the beauty and charm of Lake George, NY with our comprehensive neighborhood guide! Whether you're thinking about relocating or just want to learn more about the area, our guide offers valuable insights into the local real estate market, top attractions, and lifestyle. From scenic lakefront properties to affordable home options, Lake George has something for everyone. Browse our guide to discover why this picturesque destination could be the perfect place for your next home!
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact us today.
