Is Lake Arrowhead, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$485,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lake Arrowhead was $485,000 in June 2024, down 3% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $235K | -13.8% |
2 Bedrooms | $359K | $337.5K | -6.0% |
3 Bedrooms | $525K | $515K | -1.9% |
4 Bedrooms | $699K | $683.7K | -2.2% |
5+ Bedrooms | $985.5K | $997.5K | +1.2% |
Summary: Lake Arrowhead housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Lake Arrowhead | $499.7K | $485K | -3.0% |
Twin Peaks | $403.7K | $389.5K | -3.5% |
Housing Supply in Lake Arrowhead, CA
How many homes are available in Lake Arrowhead, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
602 | 712 | +18.3% |
Summary: The Lake Arrowhead real estate market had 712 homes for sale in June 2024, a 18.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 35 | +34.6% |
2 Bedrooms | 103 | 125 | +21.4% |
3 Bedrooms | 233 | 285 | +22.3% |
4 Bedrooms | 167 | 179 | +7.2% |
5+ Bedrooms | 73 | 88 | +20.5% |
Summary: The Lake Arrowhead housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.6%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
64 | 52 | -18.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Lake Arrowhead in June 2024, down by 18.8% month-over-month. Of the 52 sold homes, 63% were sold under asking, 15% were sold at asking, and 21% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 33 Days | -23.1% |
Summary: Homes in Lake Arrowhead had an average of 33 days on market in Jun 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 52 homes were sold in Lake Arrowhead; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.