Is Lake County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lake County was a Neutral Market.

Key Takeaway

Lake County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lake County, CO

How much do homes in Lake County, CO cost?

Median Sold Price

$535,000

$350/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$76,000(+16.6%)

Key Takeaway

Homes in Lake County have sold for 16.6% more than they did a month ago.

Summary: The median home sold price in Lake County was $535,000 in May 2024, up 16.6% from last month, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $430K$491K
+14.2%
3 $575K$487.5K
-15.2%
4 $502.5K$540K
+7.5%
5+ -$1.1M
N/A

Summary: Lake County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.

Housing Supply in Lake County, CO

How many homes are available in Lake County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4164+56.1%

Summary: The Lake County real estate market had 64 homes for sale in May 2024, a 56.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 914
+55.6%
3 1830
+66.7%
4 1014
+40.0%
5+ 23
+50.0%

Summary: The Lake County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Lake County in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.

Days on Market for Lake County, CO

How long does it take to sell a home in Lake County, CO?

Average Sale Time

Apr 2024May 2024CHANGE
28 Days28 Days-0.8%

Summary: Homes in Lake County had an average of 28 days on market in May 2024, down by 0.8% compared to last month.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Lake County; 79% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lake County, CO

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What housing markets are near Lake County, CO?