Brokers — List your Company Here
Featured local agent — Copake Lake, NY
Sarah Mitchell
Compass Real Estate · Copake Lake, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Copake Lake, NY Housing Market
The last median sale price Redfin published was $490,000 (through May 2026). With 15.0 months of supply and homes going under contract in about 15 days, Copake Lake is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $490,000 home is about $2,616/mo in principal and interest.
Key numbers for Copake Lake, NY
Median sale price
$490,000
Last published period
Redfin, through May 2026
Days on market
15
Fast-moving
Redfin, through May 2026
Active listings
15
15.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$118,632
Home costs 4.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.0%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Copake Lake a buyer's or seller's market?
Copake Lake, NY is a leaning buyer's, based on 15.0 months of supply and homes selling in about 15 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Copake Lake housing market data show?
Every row below is Redfin's final published month for Copake Lake, NY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $1.04M |
| Median price per sq ft | $314/sq ft |
| Median days on market | 15 days |
| Active inventory | 15 listings |
| Months of supply | 15.0 months |
| Sale-to-list price ratio | 101.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 4 |
| Listings with a price cut | 40.0% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Copake Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Copake Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Copake Lake home prices moved?
Over the last three years the median sale price in Copake Lake, NY rose 28.3%, from $382,000 to $490,000. 40.0% of Copake Lake listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 15.0 months while the sale-to-list ratio slips below its current 101.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Copake Lake market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Copake Lake?
Priced off the median sale price of $490,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $98,000 | $392,000 | $2,616/mo |
| 5% | $24,500 | $465,500 | $3,106/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,616, that implies roughly $112,110 a year before you add taxes and insurance. The median household in Copake Lake earns $118,632, about $6,522 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.1x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Copake Lake in the next 12 months?
Tell us your timeline. We send the Copake Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Copake Lake?
Zillow does not publish a rent index (ZORI) for Copake Lake, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Copake Lake?
Active listings in Copake Lake, NY went from 7 in February 2025 to 15 in May 2026, a +114.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 6 | 2 |
| June 2025 | 8 | 4 |
| August 2025 | 8 | 3 |
| September 2025 | 11 | 4 |
| October 2025 | 16 | 5 |
| November 2025 | 15 | 1 |
| December 2025 | 12 | not published |
| January 2026 | 12 | 1 |
| February 2026 | 9 | not published |
| March 2026 | 10 | 3 |
| April 2026 | 13 | 4 |
| May 2026 | 15 | 4 |
Redfin, through May 2026
How does Copake Lake compare to New York and the U.S.?
Copake Lake homes sell for $490,000 — 21% below the New York median of $620,500. Against the national median of $410,700, Copake Lake runs 19% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Copake Lake, NY | $490,000 | not published | 15 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Copake Lake
What buyers should watch
- Months of supply, currently 15.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 40.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $490 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $490,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Copake Lake listing goes under contract in 15 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Copake Lake added 4 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Copake Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Copake Lake
There are currently 15 homes listed for sale in Copake Lake, New York. The median listing price is $1.0M.
Active listings
15
Homes on market
Median list price
$1.0M
Avg. days on market
15
Days until sale
New this week
4
Newly listed
How much do homes cost in Copake Lake by property type?
How the Copake Lake, NY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $490,000 | $314/sq ft | 1 | 15 days |
Who lives in Copake Lake?
American Community Survey estimates for Copake Lake. U.S. Census ACS, 2023
Population
860
Households
384
Median income
$118,632/yr
Median age
61.3 years
Owner-occupied
94.5%
Median home value
$546,100
Mean commute
30.6 min
94.5% of occupied homes in Copake Lake are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Copake Lake, NY?
Ordered by distance from Copake Lake, not by size. Compare Copake Lake side by side with any of them.
Copake Lake housing market FAQ
Is Copake Lake a buyer's or seller's market?
Copake Lake, NY is currently a leaning buyer's. That read comes from 15.0 months of supply, homes going under contract in about 15 days, and sellers getting 101.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Copake Lake?
The median sale price in the last month Redfin published was $490,000, about $314 per square foot.
Is Copake Lake cheaper than the rest of New York?
Copake Lake's median sale price of $490,000 is 21% lower than the New York statewide median of $620,500, and 19% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Copake Lake?
Homes in Copake Lake, NY spent a median of 15 days on market before going under contract, versus 42 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Copake Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $490,000 home is about $2,616 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $112,110 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $118,632.
Are home prices rising in Copake Lake?
We do not hold a complete 12-month value series for Copake Lake, NY yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Copake Lake?
Copake Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Copake Lake?
That depends on your timeline, not on a headline. What the data says today: Copake Lake, NY is a leaning buyer's with 15.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Copake Lake, NY
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Copake Lake
Nearby markets
Get the Copake Lake market brief
Get the Copake Lake, NY market brief
One email: what homes are actually clearing at around $490,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.