Is Lake City, CO 81235 a buyer’s or seller’s market?
Lake City is a buyer’s market. With about 10.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lake City housing market right now
In the three months ending August 31, 2026, 50% of homes in Lake City, CO 81235 sold above their list price, the typical home went under contract in 63 days and there were 10.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (8 days then) and the median sale price rose 3% to $565,006. Overall, Lake City is more competitive than a year ago, so tougher for buyers.
Run the numbers for 81235
Where Lake City is
Loading map…
Questions about Lake City real estate
Is Lake City a buyer’s or seller’s market?
A buyer’s market: there were 10.7 months of supply in Lake City, CO 81235 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lake City?
The typical home went under contract in 63 days in the latest three months.
Do homes in Lake City sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Lake City?
About 0.31% of a home’s value a year in Hinsdale County, or roughly $1,240 on a $400,000 home.
What is the median home price in Lake City?
The median sale price was $565,006 in the three months ending August 31, 2026, about $452 per square foot.
Local agents
See all agents in 81235 →No sponsored agents in 81235 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 81235
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology