Price Cuts Low in Lake Ronkonkoma Real Estate Market

There were 10 homes sold in the Lake Ronkonkoma market over the last 30 days, continuing a three-week downturn. During the same period, the number of price reductions fell to their lowest level since July at 14. In comparison, Smithtown led all other nearby municipalities with 29 price reductions. As new listings were reduced, prices have been increasing. The median sales price hit $385,000, extending a four-week long spike. Lake Ronkonkoma is still a strong buyer's market, even with the lack of new listings and the overall rising prices, due to a big seven months of inventory remaining.

Want one of the most luxurious homes in Lake Ronkonkoma? Then check out some of these beautiful listings:

$1.2M   $799K   $665K  

Get started right now by checking out Lake Ronkonkoma homes for sale or reviewing Lake Ronkonkoma real estate trends.

Demographic facts about Lake Ronkonkoma:

  • The affordability rating is 40. (Scale: 1 = Worst, 100 = Best)
  • The area gets 46.1 inches of rain a year. (U.S. average: 36.5)
  • The average income per capita is $29,736.
  • The school rating in this area is 71. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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Realty Connect Usa L I Inc
Snapped 6 homes in this area
Executive Group Realty
Snapped 8 homes in this area
Pristine Prop Cole & Assoc
Snapped 2 homes in this area

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