Is Copake, NY 12516 a buyer’s or seller’s market?

The Copake housing market right now

In the three months ending August 31, 2026, 22% of homes in Copake, NY 12516 sold above their list price, the typical home went under contract in 93 days and there were 5.7 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. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold more slowly (78 days then) and the median sale price fell 8% to $389,831. Overall, Copake is about as competitive as it was a year ago.

Within Columbia County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 52%.

Nearby, buyers who want less competition could look at Ancramdale 12503 (0% sold over asking) or Ancram 12502 (0% sold over asking), while Stottville 12172 (100% sold over asking) and Copake Falls 12517 (100% sold over asking) are even more competitive.