Is Lake County, CO 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 County was a Seller's Market.
Housing Prices in Lake County, CO
How much do homes in Lake County, CO cost?
Median Sold Price
$536,000
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake County was $536,000 in March 2024, down 1.4% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $370.2K | +5.8% |
2 Bedrooms | $472.4K | $421.5K | -10.8% |
3 Bedrooms | $559.5K | $560K | 0.1% |
4 Bedrooms | $670K | $670K | 0% |
5+ Bedrooms | $712.5K | $750K | +5.3% |
Summary: Lake County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Counties
Summit County | $1.0M | $1.0M | +2.6% |
Park County | $550K | $549.5K | -0.1% |
Lake County | $543.5K | $536K | -1.4% |
Housing Supply in Lake County, CO
How many homes are available in Lake County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 37 | -7.5% |
Summary: The Lake County real estate market had 37 homes for sale in March 2024, a 7.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Lake County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lake County in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 79 Days | +48.3% |
Summary: Homes in Lake County had an average of 79 days on market in Mar 2024, up by 48.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Lake County; 50% 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.