Pell Lake’s rolling three-month snapshot shows a modestly sized market with 25 active listings and 13 homes sold. New listings are up around 9 percent from a year ago, while homes sold have climbed about 20 percent year over year. Pending sales have risen more than 16 percent compared with last year, suggesting steady buyer interest even as options remain limited.
Prices are adjusting after earlier gains. The typical home value over the latest three-month period is about $315,000, down roughly 5 percent from a year ago, while the median list price has fallen about 13 percent year over year. Sellers are still achieving an average sale-to-list ratio near 98 percent, and only about 15 percent of homes are closing above list price, down slightly from last year.
Conditions have shifted toward a slower, more balanced pace. Median days on market have stretched to 58 days, up about 22 percent from a year ago, yet roughly 40 percent of listings still go off the market within two weeks. Months of supply has tightened to around three months, down nearly 38 percent from last year, and the broader gauge still classifies Pell Lake as a seller’s market. In this evolving environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with a local agent who understands these trends and how to navigate them.
