Closed sales, September 2025 – August 2026
The Lake Grove market.
Every number below is drawn from closed MLS sales rather than any online estimate. They speak to Lake Grove generally and cannot value an individual home.
96
Homes sold
Closed sales over the twelve months.
$760,500
Median sale price
Half sold for more, half for less.
25
Days to contract
From the day a home was listed to the day it went into contract.
The year in two parts
Across the first half of the year, September through February, 54 Lake Grove homes sold at a median of $739,500 and needed a median 28 days to find a buyer. Over the second half, 42 sold at a median of $800,750, in 21 days.
That's a jump of more than 8% in the median and a week off the marketing time, one of the larger movements between halves in this dataset. Because the two halves contain different homes, the figures don't tell us whether the change came from supply, demand, seasonality or the mix of properties that sold.
Prices went up. Sellers still missed their number
Here's the tension on this page. Lake Grove prices rose sharply across the year, and yet only 56 of the 96 sellers, a little under three in five, finished at or above what they first asked. That's one of the lowest proportions of any town I follow.
Taken house by house, the median Lake Grove seller cleared their own asking price by about $5,500, well under 1%. In most towns around here that figure runs to three or four percent.
So a rising market isn't the same as a market that will bid for you. Prices here moved because of what came up for sale and what buyers were willing to pay for it, not because sellers were being pushed past their asking prices.
There's one consolation, and it's a real one. The 56 who got their number were in contract in a median 18 days, and the 40 who had to reduce took 34 days. Sixteen days between the two outcomes is the narrowest gap of any town I pull data for. Getting the price wrong in Lake Grove costs less time than anywhere else on my list.
The lower half of this market is the hard part
| Sale price | Homes sold | Days to contract | Got full asking price |
|---|
| Under $700,000 | 34 | 28 | 2 in 4 |
| $700,000 – $800,000 | 23 | 22 | 2 in 3 |
| Over $800,000 | 39 | 25 | 3 in 5 |
Homes under $700,000 took four weeks to go into contract, closed just under their asking price, and exactly half of those sellers got their number. That's the weakest bracket in the town and it accounts for a third of everything that sold.
Above $800,000 the picture improves. Those homes closed about 3% over asking with three in five sellers getting their price, and there were 39 of them, so this isn't a thin top end.
The practical point is that the town-wide 25 days and $760,500 describe a market split between a slower lower half and a stronger upper one. Which side your house sits on changes what to expect more than the headline figures suggest.
Search-price thresholds still matter
Buyers often set maximum search prices at round numbers, so a home just above one can miss buyers who would otherwise consider it. In this Lake Grove data, 112 of 198 listings were positioned just under a round number.
That's useful when choosing among reasonable asking prices, but it can't rescue a number the market won't support. The Lake Grove data above shows that price range and initial positioning both matter.
The listings that did not sell
Nine Lake Grove listings came off the market unsold and haven't come back on. Nine is far too few to draw many conclusions from, and I won't pretend a group that size tells you anything about the town.
The number that deserves your attention is a different one. Of the 29 homes on the market in Lake Grove right now, eight have been sitting more than 90 days without going into contract. More than a quarter of everything available.
Eight of 29 active listings sitting beyond 90 days is a meaningful share of the current inventory. At that point I'd review price, presentation, showing access, condition and the rest of the listing strategy rather than assume more time alone will solve it.
A listing stalls for plenty of reasons and price is only the most obvious one. That's why every seller I represent gets a written cancellation guarantee, explained before anything gets signed.
What the market looks like right now
There are 29 Lake Grove homes available, the middle one asking $799,000. That's roughly 5% above where sales have been closing. Another 26 are under contract.
The eight stalled listings above are part of that 29, so more than a quarter of what a buyer sees this week has been sitting since spring.
Put the year together and Lake Grove asks something specific of a seller. Prices rose, so the temptation is to reach. But fewer than three in five sellers got their asking price, and a quarter of what's on the market now has been there for months. This market moved up without becoming generous.
The 18-day versus 34-day split was narrower than in several nearby towns. That's useful context, but it shouldn't be read as a guarantee that an early price correction will produce a particular result for an individual listing.
What none of this can tell you is what your own house is worth. Without seeing it I can only give you a range built from the closed sales. One firm number takes a walk through the property and an honest comparison with what a buyer would be choosing between.
Source: OneKey MLS, September 2025 through August 2026; homes for sale, in contract, and off the market as of early September 2026. These figures describe Lake Grove as a whole and are not an estimate of any individual property's value.
Lake Grove Home Valuation
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