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 10 Days Ago

Newest Listings in Lake County, CO

Nearby Markets to Lake County, CO

What housing markets are near Lake County, CO?