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 seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Lake County has remained a Seller's Market.

Key Takeaway

Lake County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lake County, CO cost?

Median Sold Price

$522,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$116,000(+28.6%)

Key Takeaway

Homes in Lake County have sold for 28.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $265K$350K
+32.1%
2 $354.7K$447.5K
+26.1%
3 $425K$529K
+24.5%
4 $429K$735K
+71.3%
5+ $573.2K$772.5K
+34.8%

Median Sold Price Compared To Nearby Counties

Lake County
+28.6%
Park County
+16.9%
Summit County
+14.2%

How many homes are available in Lake County, CO?

Number of Homes For Sale

Sep 2022Oct 2022%
5448-11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 34
+33.3%
2 55
0.0%
3 3328
-15.2%
4 108
-20.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1410-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 40% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
15 Days30 Days+102.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake County, CO

Homes for sale in Lake County, CO have reached 48. In October 2022 in Lake County, CO there were 11.1% less homes for sale than in September 2022. Listings spent 30 days on the market in October 2022, and had a median list price of $522,000 during the same period. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 32.1%, the cost of 2 bedrooms properties went up by 26.1%, 3 bedrooms properties prices increased by 24.5%, 4 bedrooms properties became 71.3% more expensive, prices of 5 bedrooms properties went up by 34.8%. This housing market inventory have changed: volume of 1 bedroom homes went up by 33.3%, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went down by 15.2%, 4 bedrooms homes inventory decreased by 20%, volume of 5 bedrooms homes stayed the same. In October 2022 more than 4 listings in Lake County, CO were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below.

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