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Featured local agent — Point Lookout, NY
Sarah Mitchell
Compass Real Estate · Point Lookout, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Point Lookout, NY Housing Market
The typical home in Point Lookout, NY is worth $1.46M, rose 9.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $762,500, -40.2% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 336 days, Point Lookout is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.46M home is about $7,797/mo in principal and interest.
Key numbers for Point Lookout, NY
Typical home value
$1.46M
+9.3% in 12 months
Zillow, August 2026
Typical asking rent
$3,900/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$762,500
-40.2% year over year
Redfin, through April 2026
Days on market
336
Slow-moving
Redfin, through April 2026
Active listings
5
5.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$108,371
Home costs 13.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
78.2%
Selling below asking
Redfin, through April 2026
Zillow figures are as of August 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 Point Lookout a buyer's or seller's market?
Point Lookout, NY is a buyer's market, based on 5.0 months of supply and homes selling in about 336 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Point Lookout housing market data show?
Every row below is Redfin's final published month for Point Lookout, NY. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $762,500 |
| Year-over-year price change | -40.2% |
| Median price per sq ft | $363/sq ft |
| Median days on market | 336 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 78.2% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 60.0% |
| Market condition | Buyer's 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 Point Lookout is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Point Lookout 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 Point Lookout home prices moved?
Across the 36 months we hold for Point Lookout, NY, the median sale price fell 16.8%, from $915,950 in April 2021 to $762,500. The live Zillow value series has rose 9.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 60.0% of Point Lookout 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 5.0 months while the sale-to-list ratio slips below its current 78.2%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Point Lookout?
Priced off the typical home value of $1.46M 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% | $292,097 | $1.17M | $7,797/mo |
| 5% | $73,024 | $1.39M | $9,259/mo |
Zillow, August 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 $7,797, that implies roughly $334,152 a year before you add taxes and insurance. The median household in Point Lookout earns $108,371, about $225,781 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 13.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Point Lookout in the next 12 months?
Tell us your timeline. We send the Point Lookout 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 Point Lookout?
Typical asking rent in Point Lookout, NY is $3,900/mo, against a typical home value of $1.46M. That is a price-to-rent ratio of 31.2x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $7,797 a month — $3,897 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Point Lookout?
Active listings in Point Lookout, NY went from 6 in September 2024 to 5 in April 2026, a -16.7% 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 |
|---|---|---|
| October 2024 | 5 | 3 |
| November 2024 | 2 | not published |
| December 2024 | 2 | 1 |
| January 2025 | 4 | 2 |
| March 2025 | 4 | 1 |
| April 2025 | 2 | 1 |
| May 2025 | 4 | 2 |
| September 2025 | 4 | 1 |
| October 2025 | 3 | 1 |
| November 2025 | 3 | 1 |
| December 2025 | 5 | 2 |
| April 2026 | 5 | not published |
Redfin, through April 2026
How does Point Lookout compare to New York and the U.S.?
Point Lookout homes sell for $762,500 — 23% above the New York median of $620,500. Against the national median of $410,700, Point Lookout runs 86% higher. Year-over-year, Point Lookout moved -40.2% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Point Lookout, NY | $762,500 | -40.2% | 336 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Point Lookout
What buyers should watch
- Months of supply, currently 5.0. 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 60.0%. 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 $1,462 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 $1.46M 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 Point Lookout listing goes under contract in 336 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 78.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +9.3% 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 Point Lookout varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Point Lookout
There are currently 5 homes listed for sale in Point Lookout, New York.
Active listings
5
Homes on market
Avg. days on market
336
Days until sale
How much do homes cost in Point Lookout by property type?
How the Point Lookout, NY market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $762,500 | $363/sq ft | 1 | 336 days |
Who lives in Point Lookout?
American Community Survey estimates for Point Lookout. U.S. Census ACS, 2023
Population
996
Households
509
Median income
$108,371/yr
Median age
60.3 years
Owner-occupied
84.7%
Median home value
$1.05M
Median gross rent
$3,501/mo
Mean commute
35.9 min
84.7% of occupied homes in Point Lookout 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 $1.05M against Zillow's $1.46M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $3,501/mo, below Zillow's $3,900/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which cities are near Point Lookout, NY?
Ordered by distance from Point Lookout, not by size. Compare Point Lookout side by side with any of them.
Point Lookout housing market FAQ
Is Point Lookout a buyer's or seller's market?
Point Lookout, NY is currently a buyer's market. That read comes from 5.0 months of supply, homes going under contract in about 336 days, and sellers getting 78.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Point Lookout?
The typical home in Point Lookout, NY is worth $1.46M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $762,500, about $363 per square foot.
Is Point Lookout cheaper than the rest of New York?
Point Lookout's median sale price of $762,500 is 23% higher than the New York statewide median of $620,500, and 86% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Point Lookout?
Homes in Point Lookout, NY spent a median of 336 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Point Lookout?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.46M home is about $7,797 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $334,152 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $108,371.
Are home prices rising in Point Lookout?
The typical home value in Point Lookout, NY rose 9.3% over the last 12 months, from $1.34M to $1.46M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Point Lookout?
Point Lookout 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 Point Lookout?
That depends on your timeline, not on a headline. What the data says today: Point Lookout, NY is a buyer's market with 5.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 31.2x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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