Is Lake County, CA 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 County was a Seller's Market.
Housing Prices in Lake County, CA
How much do homes in Lake County, CA cost?
Median Sold Price
$335,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake County was $335,000 in April 2024, down 3.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.5K | $153K | -2.9% |
2 Bedrooms | $259K | $268.5K | +3.7% |
3 Bedrooms | $371.6K | $352.5K | -5.1% |
4 Bedrooms | $515K | $439K | -14.8% |
5+ Bedrooms | $575K | $560K | -2.6% |
Summary: Lake County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Counties
Glenn County | $329.5K | $350K | +6.2% |
Sonoma County | $786.2K | $801.3K | +1.9% |
Mendocino County | $549.8K | $535.3K | -2.6% |
Lake County | $347.6K | $335K | -3.6% |
Housing Supply in Lake County, CA
How many homes are available in Lake County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
503 | 550 | +9.3% |
Summary: The Lake County real estate market had 550 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 23 | +9.5% |
2 Bedrooms | 136 | 140 | +2.9% |
3 Bedrooms | 247 | 283 | +14.6% |
4 Bedrooms | 65 | 68 | +4.6% |
5+ Bedrooms | 34 | 36 | +5.9% |
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 9.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 82 | +26.2% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Lake County in April 2024, up by 26.2% month-over-month. Of the 81 sold homes, 52% were sold under asking, 25% were sold at asking, and 23% were sold over asking.
Days on Market for Lake County, CA
How long does it take to sell a home in Lake County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 79 Days | +2.7% |
Summary: Homes in Lake County had an average of 79 days on market in Apr 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During April 2024, 82 homes were sold in Lake County; 30% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.