Is Mohegan Lake, NY 10547 a buyer’s or seller’s market?

The Mohegan Lake housing market right now

In the three months ending August 31, 2026, 36% of homes in Mohegan Lake, NY 10547 sold above their list price, the typical home went under contract in 35 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold more slowly (32 days then) and the median sale price fell 22% to $499,784. Overall, Mohegan Lake is less competitive than a year ago, which gives buyers more room.

Within Westchester County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in 91%.

Nearby, buyers who want less competition could look at Millwood 10546 (0% sold over asking) or Ardsley On Hudson 10503 (0% sold over asking), while Lincolndale 10540 (100% sold over asking) and Purdys 10578 (100% sold over asking) are even more competitive.