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Suffolk Reporter

Thursday, November 7, 2024

Lake Grove home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Lake Grove fell by $53,000 while total sales increased by 30%, according to BlockShopper.com.

From October through December of 2017, there were 39 homes sold, with a median sale price of $322,500 - a 14.1% decrease over the $375,500 median sale price for the same period of the previous year. There were 30 homes sold in Lake Grove in the fourth quarter of 2016.

The following table compares Lake Grove to other Suffolk County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Ronkonkoma6264-3.1%$336,500$318,7505.6%
Deer Park13710234.3%$335,000$342,713.50-2.3%
East Patchogue261752.9%$331,935$310,0007.1%
North Great River151136.4%$330,000$382,500-13.7%
West Babylon80748.1%$325,000$321,2501.2%
Lake Grove393030%$322,500$375,500-14.1%
Centereach937327.4%$320,000$319,3000.2%
New Suffolk770%$315,000$237,00032.9%
Terryville2736-25%$315,000$301,4254.5%
Port Jefferson Station201811.1%$315,000$300,5004.8%
Lake Ronkonkoma555010%$315,000$330,000-4.5%

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