Is Lake Arrowhead, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Arrowhead is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lake Arrowhead was a Seller's Market.

Key Takeaway

Lake Arrowhead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake Arrowhead, CA

How much do homes in Lake Arrowhead, CA cost?

Median Sold Price

$489,428

$327/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$8,924(-1.8%)

Key Takeaway

Homes in Lake Arrowhead have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Lake Arrowhead was $489,428 in May 2024, down 1.8% from last year, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $288K$230K
-20.1%
2 $365K$336.2K
-7.9%
3 $525K$520K
-1.0%
4 $675K$679.9K
+0.7%
5+ $1.0M$1.1M
+15.0%

Summary: Lake Arrowhead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Lake Arrowhead
-1.8%
Twin Peaks
-3.8%

Housing Supply in Lake Arrowhead, CA

How many homes are available in Lake Arrowhead, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
500631+26.2%

Summary: The Lake Arrowhead real estate market had 631 homes for sale in May 2024, a 26.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2125
+19.0%
2 91106
+16.5%
3 198249
+25.8%
4 136177
+30.1%
5+ 5474
+37.0%

Summary: The Lake Arrowhead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 37%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5863+8.6%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Arrowhead, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in Lake Arrowhead in May 2024, up by 8.6% month-over-month. Of the 63 sold homes, 59% were sold under asking, 14% were sold at asking, and 27% 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

May 2023May 2024CHANGE
87 Days44 Days-48.7%

Summary: Homes in Lake Arrowhead had an average of 44 days on market in May 2024, down by 48.7% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Arrowhead are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 63 homes were sold in Lake Arrowhead; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 Lake Arrowhead, CA

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