$10,000 Closing Credit*
$1,159,000
2,112 SqFt
3 Beds
•2 Full Baths, 1 Partial
Julene Hamlin, Listing Office: Realty One Group Elite
Is South Lake Tahoe, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Lake Tahoe has remained a Seller's Market.
Key Takeaway
South Lake Tahoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Lake Tahoe, CA
How much do homes in South Lake Tahoe, CA cost?
Median Sold Price
$1,190,000
$537/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$614,135(+106.6%)
Key Takeaway
Homes in South Lake Tahoe have sold for 106.6% more than they did a month ago.
Summary: The median home sold price in South Lake Tahoe was $1,190,000 in October 2024, up 106.6% from last month, and the median price per square foot was $537.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $575.8K | - | N/A |
| 3 Bedrooms | $528.5K | $1.1M | +121.3% |
| 4 Bedrooms | $999K | $1.1M | +19.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: South Lake Tahoe housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 121.3%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes did not change.
Housing Supply in South Lake Tahoe, CA
How many homes are available in South Lake Tahoe, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The South Lake Tahoe real estate market had 22 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Lake Tahoe 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 decreased by 60%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Lake Tahoe, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Lake Tahoe in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for South Lake Tahoe, CA
How long does it take to sell a home in South Lake Tahoe, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 105 Days | +68.7% |
Summary: Homes in South Lake Tahoe had an average of 105 days on market in Oct 2024, up by 68.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in South Lake Tahoe are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in South Lake Tahoe; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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