Is Lake County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lake County was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $430K | $491K | +14.2% |
3 Bedrooms | $575K | $487.5K | -15.2% |
4 Bedrooms | $502.5K | $540K | +7.5% |
5+ Bedrooms | - | $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 2024 | May 2024 | CHANGE |
---|---|---|
41 | 64 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 18 | 30 | +66.7% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 2 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
7 | 14 | +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
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 2024 | May 2024 | CHANGE |
---|---|---|
28 Days | 28 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
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.