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SARANAC LAKE, NY 12983

Real Estate Market Report  ·  Franklin County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇩ 22.2% vs 36 last year
Pending
10
36% pending ratio
Median Price
$499,000
⇩ 20.2% vs $625,000 last year
Average Price
$950,333
⇩ 2.6% vs $975,686 last year
Days on Market
182
⇧ 41.1% vs 129 days last year

Market Context

Population: 7,336  ·  Density: 24.5/mi²  ·  Median household income: $61,237

Typical home value: $185,363  ·  Homeownership: 59.3%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SARANAC LAKE, NY real estate market (12983) currently shows 28 active listings, with 10 pending sales. Homes are averaging 182 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 182 days on market compared to 129 days last year.

The median listing price has fallen 20.2% year-over-year, from $625,000 to $499,000.

Whether you are buying or selling in SARANAC LAKE, NY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 36 last year
  • Days on market: 182 now vs 129 last year

Median & Average Pricing

Year over Year
  • Median: $499,000 (-20.2% YoY)
  • Average: $950,333 (-2.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.0 miles — 159 listings ($99,080,397 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
12983Saranac Lake, NY 129830.0 mi28$26,609,324$499,000$950,333
12913Bloomingdale, NY 129138.4 mi5$1,995,000$399,000$399,000
12976Rainbow Lake, NY 1297611.4 mi1$1,090,000$1,090,000$1,090,000
12989Vermontville, NY 1298913.9 mi6$2,416,800$349,500$402,800
12986Tupper Lake, NY 1298617.1 mi36$21,579,120$290,000$599,420
12987Upper Jay, NY 1298718.7 mi1$900,000$900,000$900,000
12912Au Sable Forks, NY 1291221.3 mi12$5,242,668$218,500$436,889
12973Piercefield, NY 1297322.4 mi2$719,900$359,950$359,950
12981Saranac, NY 1298124.2 mi5$597,000$119,400$119,400
12985Schuyler Falls, NY 1298525.1 mi3$654,999$125,000$218,333
12969Owls Head, NY 1296925.4 mi1$350,000$350,000$350,000
12953Malone, NY 1295328.0 mi49$33,325,586$125,000$680,114
12932Elizabethtown, NY 1293228.0 mi10$3,600,000$272,450$360,000

Frequently Asked Questions

How many homes are for sale in SARANAC LAKE, NY 12983?

As of January 2026, there are 28 active listings in SARANAC LAKE, NY (zip code 12983), compared to 36 the prior year.

What is the median home price in SARANAC LAKE, NY 12983?

The median listing price in SARANAC LAKE, NY 12983 is $499,000 as of January 2026, a 20.2% decrease from $625,000 the prior year.

How long do homes stay on the market in SARANAC LAKE, NY?

Homes in SARANAC LAKE, NY 12983 spend an average of 182 days on the market before going under contract, compared to 129 days the prior year.

Is it a seller's or buyer's market in SARANAC LAKE, NY 12983?

Based on current inventory and days-on-market data as of January 2026, SARANAC LAKE, NY 12983 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 182 days on market compared to 129 days last year.

How much can I save on real estate commission in SARANAC LAKE, NY?

With SELL123.com's maximum 3% commission, sellers in SARANAC LAKE, NY 12983 save an estimated $9,980 compared to a typical 5% commission on the median listing price of $499,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.