Is Lake George, 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 George was a Neutral Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $350K | +12.0% |
2 Bedrooms | $455.2K | $394K | -13.5% |
3 Bedrooms | $579K | $490K | -15.4% |
4 Bedrooms | $549K | $765K | +39.3% |
5+ Bedrooms | - | - | 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 | $442.5K | $475K | +7.3% |
Florissant | $460K | $488K | +6.1% |
Lake George | $474.5K | $454K | -4.3% |
Jefferson | $482.5K | $430K | -10.9% |
Guffey | $615K | $520K | -15.4% |
Housing Supply in Lake George, CO
How many homes are available in Lake George, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 48 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 14 | 24 | +71.4% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 1 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
137 Days | 155 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
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.