Is Lake George, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lake George has remained a Buyer's Market.
Housing Prices in Lake George, CO
How much do homes in Lake George, CO cost?
Median Sold Price
$575,000
$389/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Lake George was $575,000 in May 2024, up 17.4% from last month, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $499K | +42.6% |
2 Bedrooms | $355K | $487.5K | +37.3% |
3 Bedrooms | $832.4K | - | N/A |
4 Bedrooms | $2.8M | $820K | -70.7% |
5+ Bedrooms | - | - | N/A |
Summary: Lake George housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 37.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 70.7%, and 5+ bedroom homes did not change.
Housing Supply in Lake George, CO
How many homes are available in Lake George, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 73 | +40.4% |
Summary: The Lake George real estate market had 73 homes for sale in May 2024, a 40.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 9 | +125.0% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lake George housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lake George in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 Days | 86 Days | -43.6% |
Summary: Homes in Lake George had an average of 86 days on market in May 2024, down by 43.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Lake George; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.