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Featured local agent — Lake Success, NY
Sarah Mitchell
Compass Real Estate · Lake Success, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Success, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.40Mmedian sale price
How is the Lake Success, NY housing market right now?
The median home sale price in Lake Success, NY is $2.40M, down 7.7% year-over-year. Homes sell in an average of 28 days with 11 active listings. The market is currently a leaning buyer's. (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 Success a buyer's or seller's market?
Lake Success, NY is currently a leaning buyer's, based on 11.0 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
28
Average pace
Active listings
11
11.0 months supply
Sale-to-list
100.5%
Above asking
What does the Lake Success housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.40M |
| Median list price | $2.64M |
| Year-over-year price change | -7.7% |
| Average days on market | 28 days |
| Active inventory | 11 listings |
| Months of supply | 11.0 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $698/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 4 |
| Listings with a price cut | 27.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lake Success by property type?
How the Lake Success, 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 | $2.40M | $698/sq ft | 1 | 28 days |
Source: Redfin · Updated monthly
The Lake Success housing market is currently classified as a leaning buyer's with a median sale price of $2.40M. Prices have fallen 7.7% compared to last year, with homes spending an average of 28 days on market, indicating 11.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Success
There are currently 11 homes listed for sale in Lake Success, New York. The median listing price is $2.6M.
Active listings
11
Homes on market
Median list price
$2.6M
Avg. days on market
28
Days until sale
New this week
4
Newly listed
Who lives in Lake Success?
Population
2,817
Median income
$248,750/yr
Median age
46.4 years
Owner-occupied
94.0%
College grads
62.0%
Avg commute
33.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Success?
Lake Success is a community of approximately 3K residents with a median age of 46.4 years.The median household income is $248,750, which reflects a relatively affluent area with strong earning potential. 62.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Success offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Success, NY?
Want a head-to-head view? Compare Lake Success side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Success?
The median home sale price in Lake Success is $2.40M, down 7.7% from last year.
How long do homes stay on market in Lake Success?
Homes typically spend 28 days on market before going under contract.
What is the median income in Lake Success?
The median household income is $248,750 per year.
Is Lake Success a buyer's or seller's market?
With 11.0 months of supply, Lake Success is currently a leaning buyer's.
How much does a single-family home cost in Lake Success?
The median single-family home price in Lake Success, NY is $2.40M (about $698 per square foot).
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