Is Lake County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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
$569,000
$346/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $491K | $482.7K | -1.7% |
3 Bedrooms | $534K | $633.5K | +18.6% |
4 Bedrooms | $540K | $647K | +19.8% |
5+ Bedrooms | $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 2024 | Jun 2024 | CHANGE |
---|---|---|
69 | 72 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 35 | 33 | -5.7% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 3 | 3 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 9 | -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
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 2024 | Jun 2024 | CHANGE |
---|---|---|
36 Days | 62 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
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.