Is Lake Claire, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Claire was a Seller's Market.
Key Takeaway
Lake Claire is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lake Claire, GA
How much do homes in Lake Claire, GA cost?
Median Sold Price
$902,000
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Claire have sold for 38.2% more than they did a year ago.
Summary: The median home sold price in Lake Claire was $902,000 in April 2024, up 38.2% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308.5K | $372.5K | +20.7% |
| 2 Bedrooms | $510K | $675K | +32.4% |
| 3 Bedrooms | $643.5K | $722.5K | +12.3% |
| 4 Bedrooms | $957.5K | $1.1M | +19.0% |
| 5+ Bedrooms | $1.5M | $1.3M | -13.4% |
Summary: Lake Claire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in Lake Claire, GA
How many homes are available in Lake Claire, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Lake Claire real estate market had 34 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lake Claire housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Claire, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Claire in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Lake Claire, GA
How long does it take to sell a home in Lake Claire, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 4 Days | +130.0% |
Summary: Homes in Lake Claire had an average of 4 days on market in Apr 2024, up by 130% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Claire are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Lake Claire; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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