Brokers — List your Company Here
Featured local agent — Cranberry Lake, NY
Sarah Mitchell
Compass Real Estate · Cranberry 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.
Cranberry Lake, NY Housing Market
The typical home in Cranberry Lake, NY is worth $255,625, rose 14.2% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $175,000 (through May 2026). With homes going under contract in about 6 days, Cranberry Lake is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $255,625 home is about $1,314/mo in principal and interest.
Key numbers for Cranberry Lake, NY
Typical home value
$255,625
+14.2% in 12 months
Zillow, July 2026
Median sale price
$175,000
Last published period
Redfin, through January 2026
Days on market
6
Fast-moving
Redfin, through January 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$81,250
Home costs 3.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
89.7%
Selling below asking
Redfin, through January 2026
Zillow figures are as of July 2026 and 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 Cranberry Lake a buyer's or seller's market?
Cranberry Lake, NY is a balanced market and homes selling in about 6 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cranberry Lake housing market data show?
Every row below is Redfin's final published month for Cranberry Lake, NY. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $175,000 |
| Median price per sq ft | $202/sq ft |
| Median days on market | 6 days |
| Sale-to-list price ratio | 89.7% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
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 Cranberry Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cranberry 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 Cranberry Lake home prices moved?
Across the 15 months we hold for Cranberry Lake, NY, the median sale price fell 58.3%, from $420,000 in July 2021 to $175,000. The live Zillow value series has rose 14.2% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
Get Cranberry Lake market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Cranberry Lake?
Priced off the typical home value of $255,625 at the current 6.66% 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% | $51,125 | $204,500 | $1,314/mo |
| 5% | $12,781 | $242,844 | $1,561/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 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 $1,314, that implies roughly $56,322 a year before you add taxes and insurance. The median household in Cranberry Lake earns $81,250, about $24,928 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 3.1x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cranberry Lake in the next 12 months?
Tell us your timeline. We send the Cranberry 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 Cranberry Lake?
Zillow does not publish a rent index (ZORI) for Cranberry 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 Cranberry Lake?
Active listings in Cranberry Lake, NY went from 3 in July 2021 to 1 in October 2024, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| July 2021 | 3 | not published |
| August 2021 | 2 | 2 |
| June 2022 | 3 | 1 |
| July 2022 | 3 | 1 |
| October 2022 | 4 | 2 |
| December 2022 | 3 | not published |
| April 2023 | 2 | not published |
| June 2023 | 3 | 2 |
| August 2023 | 2 | not published |
| September 2023 | 1 | not published |
| October 2024 | 1 | not published |
Redfin, through October 2024
How does Cranberry Lake compare to New York and the U.S.?
Cranberry Lake homes sell for $175,000 — 72% below the New York median of $620,500. Against the national median of $410,700, Cranberry Lake runs 57% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cranberry Lake, NY | $175,000 | not published | 6 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cranberry Lake
What buyers should watch
- The gap between 5% and 20% down here is $246 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $255,625 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 Cranberry Lake listing goes under contract in 6 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 89.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +14.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cranberry Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cranberry Lake
Explore homes currently listed for sale in Cranberry Lake, New York across major real estate platforms.
How much do homes cost in Cranberry Lake by property type?
How the Cranberry Lake, NY market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $175,000 | $202/sq ft | 1 | 6 days |
Who lives in Cranberry Lake?
American Community Survey estimates for Cranberry Lake. U.S. Census ACS, 2023
Population
193
Households
97
Median income
$81,250/yr
Median age
62.1 years
Owner-occupied
90.7%
Median home value
$265,000
Mean commute
25.1 min
90.7% of occupied homes in Cranberry 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. The Census self-reported median home value is $265,000 against Zillow's $255,625 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Cranberry Lake, NY?
Ordered by distance from Cranberry Lake, not by size. Compare Cranberry Lake side by side with any of them.
Cranberry Lake housing market FAQ
Is Cranberry Lake a buyer's or seller's market?
Cranberry Lake, NY is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Cranberry Lake?
The typical home in Cranberry Lake, NY is worth $255,625 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $175,000, about $202 per square foot.
Is Cranberry Lake cheaper than the rest of New York?
Cranberry Lake's median sale price of $175,000 is 72% lower than the New York statewide median of $620,500, and 57% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cranberry Lake?
Homes in Cranberry Lake, NY spent a median of 6 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 Cranberry Lake?
At the current 30-year fixed rate of 6.66%, 20% down on a $255,625 home is about $1,314 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $56,322 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $81,250.
Are home prices rising in Cranberry Lake?
The typical home value in Cranberry Lake, NY rose 14.2% over the last 12 months, from $223,911 to $255,625 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cranberry Lake?
Cranberry 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 Cranberry Lake?
That depends on your timeline, not on a headline. What the data says today: Cranberry Lake, NY is a balanced market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Cranberry 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 Cranberry Lake
Nearby markets
Get the Cranberry Lake market brief
Get the Cranberry Lake, NY market brief
One email: what homes are actually clearing at around $255,625, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.