North Bay, NY 13123 Real Estate Market Report

ZIP Code: 13123
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The real estate market in North Bay, NY is currently characterized by a stable to slightly appreciating environment, with recent trends indicating an upward trajectory in property values. While specific historical sold price change percentages are not available, the market has shown a year-over-year price trend that is classified as up. This suggests a positive sentiment among buyers and a potential increase in market activity.

Transaction activity appears moderate, with elevated inventory levels contributing to a balanced market temperature classified as neutral. Despite the national trend of increasing supply, North Bay maintains a seller-leaning market due to limited inventory. The property tax rate stands at 2.53%, which may influence buyer decisions and overall market dynamics. Overall, the combination of stable pricing and moderate sales activity indicates a market that is adapting to current economic conditions, with potential for continued appreciation in property values.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The market temperature in North Bay, NY is currently neutral, indicating a balanced environment for buyers and sellers.

2. Year-over-year trends show that property prices are up, reflecting a strengthening market sentiment.

3. The property tax rate is 2.53%, which may impact buyer affordability and investment decisions.

4. Interest rate pressure is classified as moderate, suggesting potential caution among buyers regarding financing options.

5. Rental demand is reported to be up</Highlight, indicating a growing interest in rental properties despite a lack of specific local data.

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Notable Properties

The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.