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Featured local agent — Saranac Lake, NY
Sarah Mitchell
Compass Real Estate · Saranac Lake, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Saranac Lake, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$422,000median sale price
How is the Saranac Lake, NY housing market right now?
The median home sale price in Saranac Lake, NY is $422,000, up 53.7% year-over-year. Homes sell in an average of 206 days with 6 active listings. The market is currently a balanced 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 Saranac Lake a buyer's or seller's market?
Saranac Lake, NY is currently a balanced market, based on 2.0 months of supply and homes selling in about 206 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
206
Average pace
Active listings
6
2.0 months supply
Sale-to-list
95.4%
Below asking
What does the Saranac Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $422,000 |
| Median list price | $479,000 |
| Year-over-year price change | +53.7% |
| Average days on market | 206 days |
| Active inventory | 6 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $187/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 4 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Saranac Lake by property type?
How the Saranac Lake, 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 | $408,500 | $166/sq ft | 2 | 257 days |
| Condo / Co-op | $310,000 | $134/sq ft | 1 | 98 days |
Source: Redfin · Updated monthly
The Saranac Lake housing market is currently classified as a balanced market with a median sale price of $422,000. Prices have risen 53.7% compared to last year, with homes spending an average of 206 days on market, indicating 2.0 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 5.6x provides context for how home values compare to local earning capacity.
Homes for sale in Saranac Lake
There are currently 6 homes listed for sale in Saranac Lake, New York. The median listing price is $479K.
Active listings
6
Homes on market
Median list price
$479K
Avg. days on market
206
Days until sale
New this week
4
Newly listed
Who lives in Saranac Lake?
Population
5,099
Median income
$60,494/yr
Median age
42 years
Owner-occupied
47.5%
College grads
42.8%
Avg commute
14.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Saranac Lake?
Zillow home value
$341,001
Price-to-income
5.6x
Source: Zillow Research
What is it like to live in Saranac Lake?
Saranac Lake is a community of approximately 5K residents with a median age of 42 years.The median household income is $60,494, which represents a working-class community with solid middle-income opportunities. 42.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 47.5%, showing a blend of owner and renter-occupied properties. The average commute time is 14.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Saranac Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Saranac Lake?
4 schools tracked · 1,061 students
The largest public schools serving Saranac Lake, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SARANAC LAKE SENIOR HIGH SCHOOL
Grades 9-12 · 374 students
PETROVA ELEMENTARY SCHOOL
Grades PK-5 · 314 students
SARANAC LAKE MIDDLE SCHOOL
Grades 6-8 · 275 students
BLOOMINGDALE SCHOOL
Grades K-5 · 98 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Saranac Lake, NY?
Want a head-to-head view? Compare Saranac Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Saranac Lake?
The median home sale price in Saranac Lake is $422,000, up 53.7% from last year.
How long do homes stay on market in Saranac Lake?
Homes typically spend 206 days on market before going under contract.
What is the median income in Saranac Lake?
The median household income is $60,494 per year.
Is Saranac Lake a buyer's or seller's market?
With 2.0 months of supply, Saranac Lake is currently a balanced market.
What is the Zillow home value estimate for Saranac Lake?
The Zillow Home Value Index (ZHVI) for Saranac Lake is $341,001, representing the typical home value in the area.
What is the median condo price in Saranac Lake?
The median condo/co-op sale price in Saranac Lake, NY is $310,000, compared to $408,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Saranac Lake?
The median single-family home price in Saranac Lake, NY is $408,500 (about $166 per square foot).
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