$4,619 Closing Credit*
$389,000
1,281 SqFt
3 Beds
•3 Full Baths
James Schmitt, Listing Office: Country Air Properties
Is Lakeport, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lakeport has remained a Buyer's Market.
Key Takeaway
Lakeport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakeport, CA
How much do homes in Lakeport, CA cost?
Median Sold Price
$341,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$41,500(-10.8%)
Key Takeaway
Homes in Lakeport have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Lakeport was $341,000 in October 2024, down 10.8% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $350K | +37.3% |
| 2 Bedrooms | $289.5K | $276.2K | -4.6% |
| 3 Bedrooms | $395K | $350K | -11.4% |
| 4 Bedrooms | $532K | $562K | +5.6% |
| 5+ Bedrooms | $597.5K | $719K | +20.3% |
Summary: Lakeport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 20.3%.
Housing Supply in Lakeport, CA
How many homes are available in Lakeport, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 91 | +15.2% |
Summary: The Lakeport real estate market had 91 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Lakeport 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 18.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeport, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lakeport in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lakeport, CA
How long does it take to sell a home in Lakeport, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 51 Days | +72.8% |
Summary: Homes in Lakeport had an average of 51 days on market in Oct 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakeport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Lakeport; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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. 
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