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 neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lake County was a Buyer's Market.

Key Takeaway

Lake County 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 County, CO

How much do homes in Lake County, CO cost?

Median Sold Price

$444,500

$413/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$240,000(-35.1%)

Key Takeaway

Homes in Lake County have sold for 35.1% less than they did a month ago.

Summary: The median home sold price in Lake County was $444,500 in April 2024, down 35.1% from last month, and the median price per square foot was $413.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $900K$430K
-52.2%
3 $469K$575K
+22.6%
4 -$461.7K
N/A
5+ --
N/A

Summary: Lake County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.2%, 3 bedroom homes increased by 22.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Summit County
-8.0%
Lake County
-35.1%

Housing Supply in Lake County, CO

How many homes are available in Lake County, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2236+63.6%

Summary: The Lake County real estate market had 36 homes for sale in April 2024, a 63.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 78
+14.3%
3 916
+77.8%
4 48
+100.0%
5+ 12
+100.0%

Summary: The Lake County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lake County in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Mar 2024Apr 2024CHANGE
10 Days32 Days+207.9%

Summary: Homes in Lake County had an average of 32 days on market in Apr 2024, up by 207.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During April 2024, 6 homes were sold in Lake County; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Lake County, CO

Nearby Markets to Lake County, CO

What housing markets are near Lake County, CO?