Is Lake Arrowhead, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Arrowhead was a Seller's Market.
Key Takeaway
Lake Arrowhead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Arrowhead, CA
How much do homes in Lake Arrowhead, CA cost?
Median Sold Price
$489,428
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Arrowhead have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Lake Arrowhead was $489,428 in May 2024, down 1.8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $230K | -20.1% |
| 2 Bedrooms | $365K | $336.2K | -7.9% |
| 3 Bedrooms | $525K | $520K | -1.0% |
| 4 Bedrooms | $675K | $679.9K | +0.7% |
| 5+ Bedrooms | $1.0M | $1.1M | +15.0% |
Summary: Lake Arrowhead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Lake Arrowhead | $498.3K | $489.4K | -1.8% |
| Twin Peaks | $400K | $384.6K | -3.8% |
Housing Supply in Lake Arrowhead, CA
How many homes are available in Lake Arrowhead, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 500 | 631 | +26.2% |
Summary: The Lake Arrowhead real estate market had 631 homes for sale in May 2024, a 26.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 25 | +19.0% |
| 2 Bedrooms | 91 | 106 | +16.5% |
| 3 Bedrooms | 198 | 249 | +25.8% |
| 4 Bedrooms | 136 | 177 | +30.1% |
| 5+ Bedrooms | 54 | 74 | +37.0% |
Summary: The Lake Arrowhead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 37%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Arrowhead, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Lake Arrowhead in May 2024, up by 8.6% month-over-month. Of the 63 sold homes, 59% were sold under asking, 14% were sold at asking, and 27% were sold over asking.
Days on Market for Lake Arrowhead, CA
How long does it take to sell a home in Lake Arrowhead, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 44 Days | -48.7% |
Summary: Homes in Lake Arrowhead had an average of 44 days on market in May 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Arrowhead are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 63 homes were sold in Lake Arrowhead; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.