Is Lake County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Lake County was a Seller's Market.

Key Takeaway

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

Housing Prices in Lake County, CO

How much do homes in Lake County, CO cost?

Median Sold Price

$569,000

$346/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$34,000(+6.4%)

Key Takeaway

Homes in Lake County have sold for 6.4% more than they did a month ago.

Summary: The median home sold price in Lake County was $569,000 in June 2024, up 6.4% from last month, and the median price per square foot was $346.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 -$200K
N/A
2 $491K$482.7K
-1.7%
3 $534K$633.5K
+18.6%
4 $540K$647K
+19.8%
5+ $1.1M-
N/A

Summary: Lake County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.

Housing Supply in Lake County, CO

How many homes are available in Lake County, CO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6972+4.3%

Summary: The Lake County real estate market had 72 homes for sale in June 2024, a 4.3% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 37
+133.3%
2 1417
+21.4%
3 3533
-5.7%
4 1412
-14.3%
5+ 33
0.0%

Summary: The Lake County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Lake County in June 2024, down by 40.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Lake County, CO

How long does it take to sell a home in Lake County, CO?

Average Sale Time

May 2024Jun 2024CHANGE
36 Days62 Days+72.5%

Summary: Homes in Lake County had an average of 62 days on market in Jun 2024, up by 72.5% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 9 homes were sold in Lake County; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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 26 Days Ago

Newest Listings in Lake County, CO

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