Is Lakeside, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeside is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lakeside was a Buyer's Market.

Key Takeaway

Lakeside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lakeside, AZ

How much do homes in Lakeside, AZ cost?

Median Sold Price

$405,000

$266/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since May 2023.

Key Takeaway

The sold price of homes in Lakeside has remained the same since last year.

Summary: The median home sold price in Lakeside was $405,000 in May 2024, the same as last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $85K$262.5K
+208.8%
2 $320.5K$335K
+4.5%
3 $416K$445K
+7.0%
4 $490K$410K
-16.3%
5+ $835K$400K
-52.1%

Summary: Lakeside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 208.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 52.1%.

Median Sold Price Compared To Nearby Cities

Pinetop
+11.5%
Show Low
+2.0%
Lakeside
0.0%

Housing Supply in Lakeside, AZ

How many homes are available in Lakeside, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4045+12.5%

Summary: The Lakeside real estate market had 45 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 1517
+13.3%
4 1315
+15.4%
5+ 33
0.0%

Summary: The Lakeside 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 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeside, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Lakeside in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Lakeside, AZ

How long does it take to sell a home in Lakeside, AZ?

Average Sale Time

May 2023May 2024CHANGE
31 Days138 Days+346.4%

Summary: Homes in Lakeside had an average of 138 days on market in May 2024, up by 346.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lakeside are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 8 homes were sold in Lakeside; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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 Lakeside, AZ

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