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Why Live in Lake Placid
Lake Placid, located in the Adirondacks of upstate New York, is a resort town known for its rich sports history and year-round outdoor activities. Famous for hosting two Winter Olympics, including the 1980 "Miracle on Ice," this village of about 3,000 residents thrives in all seasons. Summer brings hiking, boating, and fishing, with events like the Ironman triathlon drawing visitors. Winter sports remain popular, with facilities such as an Olympic Training Center, ski jump complex, and bobsled track. The area features two lakes, Lake Placid and Mirror Lake, offering public boat ramps, swimming areas, and kayaking spots. Hiking trails range from easy walks to challenging climbs in the High Peaks, and Whiteface Mountain provides extensive downhill skiing options. Homes in Lake Placid typically showcase traditional mountain styles, including Adirondack-style houses with wood and stone exteriors, large windows, and decks. Waterfront properties often have private docks, while other styles include log cabins, Colonial Revivals, and American Foursquares. Main Street is the hub for shopping and dining, with a variety of locally owned businesses, restaurants, and cafes. Sporting events such as the Ironman, Empire State Winter Games, and Skate America figure skating competitions are held regularly, with the Olympic Museum open daily. Lake Placid Central Schools offer career and technical courses, and state routes 86 and 73 provide access to nearby communities. Adirondack Regional Airport, 17 miles away, offers flights to Boston and New York City, while the closest hospital is Adirondack Health in Saranac Lake.
Home Prices in Lake Placid, NY
The median home sale price in Lake Placid, NY is $534,950, down 7% year-over-year. Homes in Lake Placid sell in 55 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$534,950
|
Median Single Family Sale Price
$475,000
|
|
Median Townhouse Sale Price
$1,126,100
|
Median 2 Bedroom Sale Price
$290,000
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|
Median 1 Bedroom Sale Price
$41,000
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Average Price Per Sq Ft
$352
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Number of Homes for Sale
58
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Last 12 months Home Sales
118
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Months of Supply
5.90
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Median List Price
$539,900
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Median Change From 1st List Price
5%
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Median Home Sale Price YoY Change
-7%
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