$2,969 Closing Credit*
$250,000
378 SqFt
1 Bed
•1 Full Bath
Catalina Paz, Listing Office: Mark 1 Real Estate, Inc.
Is Lake Arrowhead, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$484,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,000(-3.2%)
Key Takeaway
Homes in Lake Arrowhead have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Lake Arrowhead was $484,000 in November 2024, down 3.2% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $249.9K | 0% |
| 2 Bedrooms | $347.2K | $335K | -3.5% |
| 3 Bedrooms | $540K | $500K | -7.4% |
| 4 Bedrooms | $687.5K | $691.2K | 0.5% |
| 5+ Bedrooms | $1.1M | $922.2K | -19.6% |
Summary: Lake Arrowhead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Twin Peaks | $384.2K | $400K | +4.1% |
| Skyforest | $445K | $440K | -1.1% |
| Lake Arrowhead | $500K | $484K | -3.2% |
Housing Supply in Lake Arrowhead, CA
How many homes are available in Lake Arrowhead, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 667 | 674 | +1.0% |
Summary: The Lake Arrowhead real estate market had 674 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 31 | +3.3% |
| 2 Bedrooms | 135 | 130 | -3.7% |
| 3 Bedrooms | 269 | 267 | -0.7% |
| 4 Bedrooms | 158 | 176 | +11.4% |
| 5+ Bedrooms | 75 | 70 | -6.7% |
Summary: The Lake Arrowhead housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 65 | -15.6% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 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. 60% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Lake Arrowhead in November 2024, down by 15.6% month-over-month. Of the 65 sold homes, 60% were sold under asking, 17% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 83 Days | +19.9% |
Summary: Homes in Lake Arrowhead had an average of 83 days on market in Nov 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
29 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 November 2024, 65 homes were sold in Lake Arrowhead; 28% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 45% 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.