Is Lake County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Lake County was a Seller's Market.

Key Takeaway

Lake County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake County, CO

How much do homes in Lake County, CO cost?

Median Sold Price

$415,000

$392/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$18,825(+4.8%)

Key Takeaway

Homes in Lake County have sold for 4.8% more than they did a month ago.

Summary: The median home sold price in Lake County was $415,000 in November 2024, up 4.8% from last month, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $303K$299K
-1.3%
2 $369.2K$415K
+12.4%
3 $932.5K-
N/A
4 $512.5K$560K
+9.3%
5+ $950K-
N/A

Summary: Lake County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Summit County
+19.5%
Lake County
+4.8%

Housing Supply in Lake County, CO

How many homes are available in Lake County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6260-3.2%

Summary: The Lake County real estate market had 60 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1712
-29.4%
3 2732
+18.5%
4 1111
0.0%
5+ 43
-25.0%

Summary: The Lake County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
145-64.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lake County in November 2024, down by 64.3% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2024Nov 2024CHANGE
57 Days28 Days-51.0%

Summary: Homes in Lake County had an average of 28 days on market in Nov 2024, down by 51% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Lake County; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Lake County, CO

Nearby Markets to Lake County, CO

What housing markets are near Lake County, CO?