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Featured local agent — Lake Mohegan, NY
Sarah Mitchell
Compass Real Estate · Lake Mohegan, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Mohegan, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$535,500median sale price
How is the Lake Mohegan, NY housing market right now?
The median home sale price in Lake Mohegan, NY is $535,500, down 6.0% year-over-year. Homes sell in an average of 98 days with 7 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Mohegan a buyer's or seller's market?
Lake Mohegan, NY is currently a seller's market, based on 3.5 months of supply and homes selling in about 98 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
98
Average pace
Active listings
7
3.5 months supply
Sale-to-list
103.1%
Above asking
What does the Lake Mohegan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $535,500 |
| Median list price | $549,000 |
| Year-over-year price change | -6.0% |
| Average days on market | 98 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 103.1% |
| Median price per sq ft | $391/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 14.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Mohegan by property type?
How the Lake Mohegan, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $535,500 | $391/sq ft | 2 | 98 days |
| Condo / Co-op | $311,000 | $366/sq ft | 1 | 26 days |
| Townhouse | $593,000 | $327/sq ft | 1 | 23 days |
Source: Redfin · Updated monthly
The Lake Mohegan housing market is currently classified as a seller's market with a median sale price of $535,500. Prices have fallen 6.0% compared to last year, with homes spending an average of 98 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Mohegan
There are currently 7 homes listed for sale in Lake Mohegan, New York. The median listing price is $549K.
Active listings
7
Homes on market
Median list price
$549K
Avg. days on market
98
Days until sale
New this week
3
Newly listed
Who lives in Lake Mohegan?
Population
5,566
Median income
$160,741/yr
Median age
41.8 years
Owner-occupied
77.7%
College grads
58.4%
Avg commute
37.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Mohegan?
Zillow home value
$602,222
Zillow rent index
$2,937/mo
Price-to-rent ratio
17.1x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Lake Mohegan?
Lake Mohegan is a community of approximately 6K residents with a median age of 41.8 years.The median household income is $160,741, which reflects a relatively affluent area with strong earning potential. 58.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 77.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Mohegan offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Mohegan, NY?
Want a head-to-head view? Compare Lake Mohegan side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Mohegan a good real estate investment market?
For investors evaluating Lake Mohegan, the price-to-rent ratio of 17.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lake Mohegan's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Mohegan's median home price.
Frequently asked questions
What is the average home price in Lake Mohegan?
The median home sale price in Lake Mohegan is $535,500, down 6.0% from last year.
How long do homes stay on market in Lake Mohegan?
Homes typically spend 98 days on market before going under contract.
What is the median income in Lake Mohegan?
The median household income is $160,741 per year.
Is Lake Mohegan a buyer's or seller's market?
With 3.5 months of supply, Lake Mohegan is currently a seller's market.
What is the Zillow home value estimate for Lake Mohegan?
The Zillow Home Value Index (ZHVI) for Lake Mohegan is $602,222, representing the typical home value in the area.
What is the median condo price in Lake Mohegan?
The median condo/co-op sale price in Lake Mohegan, NY is $311,000, compared to $535,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Mohegan?
The median single-family home price in Lake Mohegan, NY is $535,500 (about $391 per square foot).
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