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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake George is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lake George was a Neutral Market.

Key Takeaway

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

Housing Prices in Lake George, CO

How much do homes in Lake George, CO cost?

Median Sold Price

$454,000

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$20,500(-4.3%)

Key Takeaway

Homes in Lake George have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Lake George was $454,000 in March 2024, down 4.3% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $312.5K$350K
+12.0%
2 $455.2K$394K
-13.5%
3 $579K$490K
-15.4%
4 $549K$765K
+39.3%
5+ --
N/A

Summary: Lake George housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hartsel
+7.3%
Florissant
+6.1%
Lake George
-4.3%
Jefferson
-10.9%
Guffey
-15.4%

Housing Supply in Lake George, CO

How many homes are available in Lake George, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3748+29.7%

Summary: The Lake George real estate market had 48 homes for sale in March 2024, a 29.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 1412
-14.3%
3 1424
+71.4%
4 67
+16.7%
5+ 01
+100.0%

Summary: The Lake George housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake George, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lake George in March 2024, up by 50.0% 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 George, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
137 Days155 Days+13.1%

Summary: Homes in Lake George had an average of 155 days on market in Mar 2024, up by 13.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lake George are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 6 homes were sold in Lake George; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 24 Days Ago

Newest Listings in Lake George, CO

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