$1,780 Closing Credit*
$149,900
714 SqFt
1 Bed
•1 Full Bath
GREGG GRANT, Listing Office: SAN MORITZ REALTY
Is Lake Arrowhead, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$489,225
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,345(-1.3%)
Key Takeaway
Homes in Lake Arrowhead have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Lake Arrowhead was $489,225 in October 2024, down 1.3% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253K | $245K | -3.2% |
| 2 Bedrooms | $345K | $338K | -2.0% |
| 3 Bedrooms | $525K | $510K | -2.9% |
| 4 Bedrooms | $677.4K | $689K | +1.7% |
| 5+ Bedrooms | $1.1M | $947K | -17.5% |
Summary: Lake Arrowhead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Twin Peaks | $383.3K | $400K | +4.3% |
| Skyforest | $445K | $440K | -1.1% |
| Lake Arrowhead | $495.5K | $489.2K | -1.3% |
Housing Supply in Lake Arrowhead, CA
How many homes are available in Lake Arrowhead, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 698 | 720 | +3.2% |
Summary: The Lake Arrowhead real estate market had 720 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 29 | 0.0% |
| 2 Bedrooms | 139 | 144 | +3.6% |
| 3 Bedrooms | 280 | 286 | +2.1% |
| 4 Bedrooms | 167 | 177 | +6.0% |
| 5+ Bedrooms | 83 | 84 | +1.2% |
Summary: The Lake Arrowhead housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 74 | -11.9% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 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. 64.9% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Lake Arrowhead in October 2024, down by 11.9% month-over-month. Of the 74 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 82 Days | +32.7% |
Summary: Homes in Lake Arrowhead had an average of 82 days on market in Oct 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Arrowhead are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 74 homes were sold in Lake Arrowhead; 27% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 42% 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.