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: