Is Lakeport, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lakeport was a Neutral Market.
Key Takeaway
Lakeport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakeport, CA
How much do homes in Lakeport, CA cost?
Median Sold Price
$350,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lakeport have sold for 18.6% less than they did a year ago.
Summary: The median home sold price in Lakeport was $350,000 in May 2024, down 18.6% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $350K | +110.8% |
| 2 Bedrooms | $292K | $294.9K | +1.0% |
| 3 Bedrooms | $440K | $364.5K | -17.2% |
| 4 Bedrooms | $550K | $555K | +0.9% |
| 5+ Bedrooms | $562.5K | $1.7M | +211.6% |
Summary: Lakeport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.8%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 211.6%.
Housing Supply in Lakeport, CA
How many homes are available in Lakeport, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 80 | +8.1% |
Summary: The Lakeport real estate market had 80 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Lakeport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeport, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Lakeport in May 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 40 Days | +54.3% |
Summary: Homes in Lakeport had an average of 40 days on market in May 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 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 May 2024, 14 homes were sold in Lakeport; 43% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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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