Is Lakeport, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lakeport has remained a Seller's Market.
Housing Prices in Lakeport, CA
How much do homes in Lakeport, CA cost?
Median Sold Price
$352,500
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lakeport was $352,500 in April 2024, down 10.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $350K | +110.8% |
2 Bedrooms | $292K | $283.7K | -2.8% |
3 Bedrooms | $410K | $372.5K | -9.1% |
4 Bedrooms | $460K | $560K | +21.7% |
5+ Bedrooms | $562.5K | $724.5K | +28.8% |
Summary: Lakeport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.8%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 28.8%.
Housing Supply in Lakeport, CA
How many homes are available in Lakeport, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 76 | +20.6% |
Summary: The Lakeport real estate market had 76 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 21 | +23.5% |
3 Bedrooms | 27 | 32 | +18.5% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lakeport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lakeport in April 2024, up by 180.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
99 Days | 48 Days | -51.6% |
Summary: Homes in Lakeport had an average of 48 days on market in Apr 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Lakeport; 36% 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.