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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake George is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Lake George has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Lake George, CO

How much do homes in Lake George, CO cost?

Median Sold Price

$366,075

$239/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$153,925(-29.6%)

Key Takeaway

Homes in Lake George have sold for 29.6% less than they did a month ago.

Summary: The median home sold price in Lake George was $366,075 in November 2024, down 29.6% from last month, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $270K-
N/A
2 $520K$230K
-55.8%
3 $720K$483.5K
-32.8%
4 -$670K
N/A
5+ --
N/A

Summary: Lake George housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.8%, 3 bedroom homes decreased by 32.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jefferson
-15.2%
Hartsel
-20.9%
Lake George
-29.6%

Housing Supply in Lake George, CO

How many homes are available in Lake George, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9193+2.2%

Summary: The Lake George real estate market had 93 homes for sale in November 2024, a 2.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1012
+20.0%
2 3837
-2.6%
3 2931
+6.9%
4 98
-11.1%
5+ 55
0.0%

Summary: The Lake George housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

6 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 George, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lake George in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lake George, CO

How long does it take to sell a home in Lake George, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
61 Days70 Days+13.7%

Summary: Homes in Lake George had an average of 70 days on market in Nov 2024, up by 13.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lake George has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Lake George; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in Lake George, CO

Nearby Markets to Lake George, CO

What housing markets are near Lake George, CO?