Photo: Jsunwall · CC BY-SA 4.039 homes sold in Lake Mohegan in the last year, at a typical $562K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Mohegan homes are listed.
Every place Lake Mohegan homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Mohegan.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Lake Mohegan’s sales are condos, at $526K less than a house
32 houses and 12 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 32 sold in the year to May 2026
- Per square foot
- $342NY $316
- Days to sell
- 39
- Sold over asking
- 69%
- Listings with a price cut
- 21%
typical sale · 12 sold in the year to May 2026
- Per square foot
- $214NY $832
- Days to sell
- 62
- Sold over asking
- 25%
- Listings with a price cut
- 33%
Fewer homes sell than a decade ago, at 1.8 times the 2016 price
39 sales in the last year, against 71 in 2016 and a low of 36 in 2023. The typical sale went from $305K in 2016 to $562K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $550K buys in Lake Mohegan
Check a listing against what Lake Mohegan homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Mohegan are more common than before the pandemic, but 56% fewer homes come up for sale
We read every month of Lake Mohegan’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 39 sales.
If you’re buying in Lake Mohegan
- Shop in August. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (38% over asking).
- Bid near asking. Buyers paid 100.8% of the list price on average; 59% paid over.
- You’ll usually have time. Only 5% of homes go under contract within two weeks; the typical one takes 44 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 8 a month), but April is the most competitive: 48% of April sales close over asking. July and August offer nearly as much choice with fewer homes bid up (41%). February has the least competition (21%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New York
| Lake Mohegan now | 2017–19 | 2021 peak | NY now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 59% | 28% | 55% | 39% |
| Gone within two weeksShare of homes under contract within 14 days | 5% | 3% | 10% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 100.8% | 98.5% | 101.3% | 100.5% |
| Days to sellMedian days from listing to contract | 44 | 61 | 45 | 43 |
9 homes for sale on a typical day
That’s 1.6 times the 2023 low (6), 56% fewer than in 2017–19 and well under 2016’s 33.
Since 2019, houses are up 106%, condos -2%
A house typically sold for $759K in the year to May 2026 (32 sales), a condo for $234K (12).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Four things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 3.
Best time to buyTypical commute
The average one-way trip to work for people who live in Lake Mohegan.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Peekskill and Putnam Valley sell for less a square foot
The busier markets within 25 miles of Lake Mohegan, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Cortlandt | 295 | $683K | $375 | 59% | 34 |
| Yorktown | 275 | $782K | $382 | 58% | 30 |
| Peekskill | 171 | $504K | $321 | 57% | 33 |
| Putnam Valley | 121 | $582K | $326 | 43% | 44 |
| Jefferson Valley-Yorktown | 113 | $704K | $390 | 62% | 31 |
| Lake Mohegan | 39 | $562K | $357 | 59% | 44 |
| Lincolndale | 25 | $568K | $379 | 63% | 37 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Mohegan, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Mohegan. People who follow the town see it, and so do people comparing Lake Mohegan with their own town. No commission, no listing fee.
Questions about buying a home in Lake Mohegan
What do homes sell for in Lake Mohegan, NY?
39 homes sold in the year to September 2026 at a typical $562K, $357 a square foot. Houses sold for about $759K, condos for about $234K in the year to May 2026.
Is Lake Mohegan a buyer’s or seller’s market?
A balanced market: 13 homes were for sale in September 2026 and 2 sold, about 4.8 months of supply. Buyers paid 100.8% of asking on average.
When is the best time to buy in Lake Mohegan?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Lake Mohegan?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Mohegan’s MLS listings; the search links above open each one filtered to Lake Mohegan.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).