Is Lake Arrowhead, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lake Arrowhead was a Seller's Market.
Housing Prices in Lake Arrowhead, CA
How much do homes in Lake Arrowhead, CA cost?
Median Sold Price
$488,666
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Arrowhead was $488,666 in March 2024, down 4.2% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $238.5K | -17.8% |
2 Bedrooms | $369K | $339K | -8.1% |
3 Bedrooms | $530K | $529.7K | 0% |
4 Bedrooms | $725K | $670K | -7.6% |
5+ Bedrooms | $1.0M | $972K | -2.8% |
Summary: Lake Arrowhead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Lake Arrowhead | $510.2K | $488.6K | -4.2% |
Twin Peaks | $416.2K | $383.3K | -7.9% |
Skyforest | $499.5K | $435K | -12.9% |
Housing Supply in Lake Arrowhead, CA
How many homes are available in Lake Arrowhead, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
390 | 438 | +12.3% |
Summary: The Lake Arrowhead real estate market had 438 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 17 | +6.3% |
2 Bedrooms | 67 | 68 | +1.5% |
3 Bedrooms | 160 | 186 | +16.3% |
4 Bedrooms | 105 | 118 | +12.4% |
5+ Bedrooms | 42 | 49 | +16.7% |
Summary: The Lake Arrowhead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 48 | -18.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Lake Arrowhead in March 2024, down by 18.6% month-over-month. Of the 48 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Lake Arrowhead, CA
How long does it take to sell a home in Lake Arrowhead, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 90 Days | +38.6% |
Summary: Homes in Lake Arrowhead had an average of 90 days on market in Mar 2024, up by 38.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Lake Arrowhead; 27% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.