Is Echo Lake, CA 95721 a buyer’s or seller’s market?
Echo Lake is a seller’s market. With about 2.1 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Echo Lake housing market right now
In the three months ending August 31, 2026, 33% of homes in Echo Lake, CA 95721 sold above their list price, the typical home went under contract in 74 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 faster (228 days then) and the median sale price rose 143% to $514,777. Overall, Echo Lake is more competitive than a year ago, so tougher for buyers.
Within El Dorado County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 90%.
Nearby, buyers who want less competition could look at Pilot Hill 95664 (0% sold over asking) or Lotus 95651 (0% sold over asking), while Diamond Springs 95619 (45% sold over asking) is even more competitive.
Run the numbers for 95721
Nearby markets
Camino 95709Seller’s market $298 /sq ftCool 95614Seller’s market $262 /sq ftDiamond Springs 95619Seller’s market $321 /sq ftEl Dorado 95623Buyer’s market $335 /sq ft Browse all markets →Where Echo Lake is
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Questions about Echo Lake real estate
Is Echo Lake a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Echo Lake, CA 95721 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 Echo Lake?
The typical home went under contract in 74 days in the latest three months.
Do homes in Echo Lake sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 94.6% of the list price.
What are property taxes in Echo Lake?
About 1.15% of a home’s value a year in El Dorado County, or roughly $4,600 on a $400,000 home.
What is the median home price in Echo Lake?
The median sale price was $514,777 in the three months ending August 31, 2026, about $341 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology