When planning a property purchase or sale in the Lake Placid real estate market, researching trends and in demand features is an important first step. Before moving forward, getting to know Lake Placid’s local areas with a focus on differentiating characteristics and market trends is essential to start your process in the most strategic position. Factors to consider are differences between property type, setting or neighborhood and proximity to outdoor recreation opportunities and local amenities, to name a few.
Keep in mind that local area traits play a major role in influencing market trends like pricing, timing and overall demand. A truly diverse market, Lake Placid is one of the highest demand Adirondack locations due to a variety of year round listings. Solid market stability makes the Lake Placid NY real estate market stand out from other areas in the Adirondacks because less sought out communities can be limited by more seasonal demand.
Properties in Lake Placid, NY remain in high demand for a reason. The beauty of the mountains and lakes combined with a steady flow of world class events is attractive to many buyers. At the same time, this small idyllic mountain community offers plenty of opportunity enjoy a peaceful, serene mountain or lake lifestyle. The Lake Placid real estate market delivers an Adirondack experience that many buyers and investors continue to seek out and love.
At ADKPP, Berkshire Hathaway HomeServices Adirondack Premier Properties, our office is here to help you understand current Lake Placid NY real estate market trends. Find our latest monthly summary below, stacked with up to the minute sales and listing data to help you determine the right time to buy or sell your property.
Lake Placid NY Real Estate Market Report – September 2026
Sold Listings
- Number of Sales – 7
- Waterfront Sales – 2
- Luxury Sales – 5
- Median Sale Price – $589,000
- Average Sale Price – $1,265,821
- Average Days On Market – 46
Further insight into the numbers:
Starting with waterfront sales, these include properties that have waterfront access locations, like the Whiteface Club and Whiteface Lodge, and those that offer private beaches on Lake Placid as part of an HOA, but may not be directly on the water. Of the properties that sold, 1 had direct access to waterfront on Mirror Lake. The other property was a condo in the Whiteface Club area that can have access to the private beach.
From the luxury sales, there were 5 properties that were sold above $500,000. When broken down, 2 were in the $500,000- $749,999 range, 1 was in the $750,000 – $999,9999 range, and 2 were in the $1,000,000+ range. Our office was involved in 2 of the sales in $500,000 – $749,999 range, with both listings being listed through our office as well as sold within it. They can be seen in our monthly notable sales blog.
Looking deeper into the sale prices and days on the market:
- 1 property sold from $30,000-39,999
- 1 property sold from $400,000 – $449,999
- 2 properties sold from $500,000 – $749,999
- 1 properties sold from $750,000 – $999,9999
- 2 properties sold from $1,000,000+
Days on the market numbers above are consistent with what is typically seen in the Lake Placid. Many lower priced properties like land or fractional ownership listings and $750,000- $999,999 range properties stay on the market longer than other price points.
Fractional ownership provides a variety of available properties and weeks of use, possibly leading them to sit on the market longer because buyers have the opportunity to find one that fits their interests best. Currently, there are 51 listings around Lake Placid that fall under fractional ownership with the highest priced unit being $95,000. Of the 51 listings 24 of them are units at the Whiteface Lodge. Our three listings at the Whiteface Lodge have been on the market for over 200 days due to the competition.
As for properties in the $750,000 – $999,999 range, they fall in the sweet spot between two levels of buyers, leading to the properties lasting longer on the market. Properties that are slightly more affordable reach into the local residential market, especially those around the $500,000 range. Second home buyers are normally closer to the million dollar range with higher end finishes, bigger views and lake access.
Active & Pending Listings
- Active Inventory – 126
- Median List Price Active – $385,000
- Average List Price Active – $891,999
- New Listings – 15
- Median List Price New Listings – $180,000
- Average List Price New Listings – $760,833
- Pending Sales – 7
- Median Pending List Price – $799,000
- Average Pending List Price – $771,857
Further insight into the numbers:
Inspecting the current active inventory, 55 properties fall in the under $130,000 range. As stated above in the sold listings, a majority of these listings fall under the the fractional ownership area, including Whiteface Lodge (24 listings) and Morningside Drive Units (27 listings). Continuing through active listings between $130,000 and under $500,000, there are only 14 listings offered, while the above $500,000 range has 57 listings. Here is a chart to show monthly active listings by price range:
With the results above, you can see how median list price and average list price can vary so greatly that the median makes the area seem more affordable that the actual average shows.
Looking deeper into the pending listings:
- 1 listing is in the $30,000 – $39,999
- 1 listing is in the $70,000 – $79,999
- 1 listing is in the $450,000 – $499,999 range
- 2 listings are in the $750,000- $999,999 range
- 2 listings are in the $1,000,000+ range
The average list price for active listings is re-affirmed by the new listing median and average list price as well as the pending listing median and average where average pricing falls above $500,000 in Lake Placid.
Year Over Year Changes – September 2025 vs. September 2026
While a current report can provide good insight on what is currently happening in the Lake Placid market, looking back on previous years can provide even more insight on current market direction. In reviewing the past few years during the same period, some interesting similarities and significant changes emerge.
Number of Sales – The number of sales in the month of September in Lake Placid has stayed consistent with 2024 having 9 closings, 2025 having 13 and 2026 having 7 closings, leading to a 44% increase from 2024 to 2025 and a 46% decrease from 2025 to 2026.
Median Sale Price – The median sale price shows one of the more drastic changes year over year with 2024’s median sale price at $230,000. Then, 2025 had a 213% change with the median landing at $720,000 (2025). In 2026, the median sale price showed a 18.2% decrease to $589,000.
While these numbers may seem like drastic changes year over year, the median is the middle number between the highest sale and lowest sale, with two sales under $500,000 and five sales above it, this number ends up higher. Comparing it to 2024, with five sales under $250,000 and four above, and 2025, with ten sales over $500,000 and three under, these numbers can skew greatly versus the average sale price.
Average Sale Price – Average sale price during September 2024 was $631,455. Like the median sale price, 2025 followed the skew in the average sale price increasing 124.9% to $1,420,423. In 2026, sales stayed consistent with only a 10.8% decrease to $1,265,821
This average sale price provides better insight on the current market during this month. While it can be slightly skewed based on what sold, it should provide better insight on the price points that sell during the month.
Days On Market – Similar to number of sales, days on the market has generally remained consistent since 2024. Days on the market landed at 79 in 2024, 78 in 2025 and 46 in 2026. The decreasing days on the market trend versus last month is partially a product of the season. With most closings taking 30-60 days, the 40-80 days on the market provides insight on timing. Many of the properties were listed right before the height of the summer market, providing maximum exposure and leading to fewer days on the market as well as a September closing.
Waterfront Sales – Waterfront sales year over year have stayed steady with Whiteface Lodge units being some of the more popular closings. In 2024, there were six sales with three of the property at the Whiteface Lodge, one on Mirror Lake, one on Lake Placid and one with access to the Chubb River. Waterfront sales in 2025 matched 2024 with six properties with two of the property at the Whiteface Lodge, one on Mirror Lake, one on Lake Placid and one on the Ausable River. This year is slightly behind with only two sales, one directly on waterfront and the other within the Whiteface Club property with access to Lake Placid through the HOA.
Luxury Sales – Luxury sales above $500,000 year over year have also been consistent. Fourteen properties sold in 2024 where 7 of the listings were $1,000,000+ and the highest sale being $2,700,000. In 2025, there were ten sales above $500,000 with six over the $1,000,00+ price point and the highest sale being $4,250,000. Finally in 2026, there were seven sales with five listings selling in the $1,000,000+ price range with the highest sale being $4,400,000.
Active Inventory – The active inventory in September has been one of the most notable changes over past years. In 2024, there were 56 active listings on the market. August 2025 showed a 29% increase with 72 active listings during the month. Active listings increased again in 2026 with a 75% increase to 126 active listings.
This trend shows a transition into more of a buyers market providing more options for real estate. Also, it’s important to consider the discussion above on fractionals with over 50 active listings or 40% of the current Lake Placid market. These listings can vary year to year from only a few on the market one year to a potentially large variety the next.
Pending Sales – Like most year over year results, pending sales have stayed consistent with only minor variance. In 2024, there were ten pending sales, 2025 had a slight decrease to eight pending sales and this year there were seven pending sales.
Final Thoughts and Next Steps
One of the most interesting things about the Lake Placid NY real estate market is year to year consistency, whether it be a seller’s or buyer’s market. With four distinct seasons of weather, events and activities, there continues to be a constant interest in our region. While monthly year over years can change slightly, the seasons are generally consistent with small variances. For example, one month’s sales might flip flop with another.
For additional insight on the seasonal real estate market and what to expect, our blog on When Is The Best Time To Buy A House in the Adirondacks is a great resource to gain better understanding on seasonal mindsets.
If you are interested in buying or selling in the Lake Placid market, contact us at Berkshire Hathaway HomeServices Adirondack Premier Properties, and one of our experienced forever agents will be happy to help you with your real estate needs. Call us at 518-523-3333 today!