Is Lakeport, 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, Lakeport was a Seller's Market.
Housing Prices in Lakeport, CA
How much do homes in Lakeport, CA cost?
Median Sold Price
$340,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lakeport was $340,000 in June 2024, down 18.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $350K | +110.8% |
2 Bedrooms | $297.4K | $270.2K | -9.1% |
3 Bedrooms | $429.5K | $341K | -20.6% |
4 Bedrooms | $550K | $550K | 0.0% |
5+ Bedrooms | $562.5K | $1.1M | +108.9% |
Summary: Lakeport housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.8%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 108.9%.
Housing Supply in Lakeport, CA
How many homes are available in Lakeport, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
80 | 78 | -2.5% |
Summary: The Lakeport real estate market had 78 homes for sale in June 2024, a 2.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 17 | -26.1% |
3 Bedrooms | 36 | 37 | +2.8% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lakeport housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lakeport in June 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 72 Days | +129.7% |
Summary: Homes in Lakeport had an average of 72 days on market in Jun 2024, up by 129.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Lakeport; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.