Is Lake Arrowhead, 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 Arrowhead was a Seller's Market.
Housing Prices in Lake Arrowhead, CA
How much do homes in Lake Arrowhead, CA cost?
Median Sold Price
$493,333
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Arrowhead was $493,333 in April 2024, down 0.8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $294.5K | $230K | -21.9% |
2 Bedrooms | $370K | $338K | -8.6% |
3 Bedrooms | $523.2K | $530K | +1.3% |
4 Bedrooms | $692K | $662.5K | -4.3% |
5+ Bedrooms | $985.5K | $1.1M | +16.7% |
Summary: Lake Arrowhead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
Lake Arrowhead | $497.4K | $493.3K | -0.8% |
Twin Peaks | $408.7K | $382.5K | -6.4% |
Skyforest | $485K | $440K | -9.3% |
Housing Supply in Lake Arrowhead, CA
How many homes are available in Lake Arrowhead, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
423 | 509 | +20.3% |
Summary: The Lake Arrowhead real estate market had 509 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 19 | +18.8% |
2 Bedrooms | 70 | 90 | +28.6% |
3 Bedrooms | 177 | 201 | +13.6% |
4 Bedrooms | 109 | 138 | +26.6% |
5+ Bedrooms | 51 | 61 | +19.6% |
Summary: The Lake Arrowhead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 57 | +21.3% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Lake Arrowhead in April 2024, up by 21.3% month-over-month. Of the 57 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.
Days on Market for Lake Arrowhead, CA
How long does it take to sell a home in Lake Arrowhead, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 75 Days | -4.4% |
Summary: Homes in Lake Arrowhead had an average of 75 days on market in Apr 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in Lake Arrowhead; 54% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.