Is Schroon Lake, NY 12870 a buyer’s or seller’s market?

The Schroon Lake housing market right now

In the three months ending August 31, 2026, 29% of homes in Schroon Lake, NY 12870 sold above their list price, the typical home went under contract in 20 days and there were 8.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (31 days then) and the median sale price fell 27% to $436,811. Overall, Schroon Lake is less competitive than a year ago, which gives buyers more room.

Within Essex County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in 75%.

Nearby, buyers who want less competition could look at Westport 12993 (0% sold over asking) or Moriah 12960 (0% sold over asking), while Keene Valley 12943 (100% sold over asking) and Wilmington 12997 (67% sold over asking) are even more competitive.